68
69
10 Their worst fears about the national election realized, leaders
of the trade union movement now expect an assault against many of
organized labor’s most cherished programs and interests.
11. With sales of automobiles on the domestic market sagging,
and many dealers in deficit, the pressure to export autos last year was
acute.
12. With $40 billion of Brazilian dollar reserves having evaporated
since Russia’s debt default last summer, the move to a floating currency
was increasingly favored by officials at the International Monetary Fund
and the US Treasury.
13. With 70 per cent of Japan’s land area mountainous and a
small percentage devoted to farmland, two-thirds of Japan’s urban
population resides and works in less than 5 per cent of the total land
area.
14. With their profits siphoned off by the central government bonds,
some production units will undoubtedly have to curtail expansion
plans, profit-sharing and other incentives to workers.
15. With old-age pensions starting at 60 for both men and
women, French workers already down tools several years before their
counterparts in other rich countries.
16. Japanese diplomats said their government’s approach is that
the lead in opening up new markets should come from industry and
commerce, with banks following.
17. A second round of wage talks for insurance and metal workers
broke off Wednesday, with employers and unions still far apart on pay
increases.
18. The US’s leading maker of tires for trucks and buses has embraced
globalization, with factories and dealers stretching from Brazil to
Europe to Indonesia.
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