In The News

Global Automotive Players Raise Their Profile in Singapore

Ven Sreenivasan June 9, 2003
As the implementation date of the Asean Free Trade Area (AFTA) approaches, the automotive industry in Southeast Asia has started adjusting to new policies and regulations, in anticipation of the changes to come once AFTA is in place. Due to its position as a transportation hub and a strong supplier base, plus its excellent service infrastructure and good intellectual property protection,...

Thailand Tiptoes in Step With American Antiterror Effort

Raymond Bonner June 8, 2003
Thai Prime Minister Thaksin Shinawatra has been keeping his assistance to the US anti-terrorist effort private, fearing retaliation from terrorists and the impact of a public avowal on a tourist industry already suffering because of SARS and a bombing in Bali last year. Nevertheless, Thailand has been instrumental to the US anti-terrorism effort, providing interrogation facilities, the use of...

Airlines' Unwanted Fleet Grows in the Desert

Edward Wong June 7, 2003
In the midst of a slowing US economy, companies such as Avtel that provide storage and maintenance facilities for airlines, are doing lucrative business. In fact, the amount of business airlines do with a company like Avtel is a good way to gauge both the failing airline industry's health and the remaining strength of individual airlines. Indeed, post September 11 declines in air travel and...

India Fears Impact of Bid to Curb Jobs Exports

Edward Alden June 4, 2003
Following the lead of many other American and British firms, the British insurance company, Prudential, is planning to export jobs from the UK to India. Outsourcing to low-cost offshore centers is saving companies billions of dollars a year, since it allows them to set up shop where labor is plentiful and cheap. Though company executives maintain that outsourcing merely follows economic law and...

Dreams, Deferred

Erika Kinetz June 1, 2003
The recent downturn in the US economy has had a devastating impact on the financial services, telecommunications, and media industries in New York City. In a New York Times feature article, Erika Kinetz offers stories of recent graduates of Queens College who hail from around the globe, and who, in spite of enviable grades and technical skills, remain unemployed. For these graduates, jobs are...

Steel Striking for a 35-Hour Week

Heidi Sylvester May 30, 2003
The biggest German union, IG Metall, is pushing hard for shortened weekly work hours in eastern Germany's steel factories. The strikes, supported by 83 percent of the steel workers polled, are likely to start on June 2. A 35-hour work week would put eastern Germany's steelworkers on a par with their counterparts in western Germany. Many economists and politicians, however, are...

Remake Man

Tad Friend May 26, 2003
In a telling commentary that combines capitalism in Hollywood with the American Dream, a contributor to the New Yorker magazine, Tad Friend, takes the reader through the making of Roy Lee as the "remake king." Lee, a Korean-American, whose parents moved from South Korea to the United States in the late 1960s, has carved out a unique role for himself in Hollywood: It is one that...