OPINION
May 9, 2012 | By Richard M. Daley and Bruce Katz
Perhaps the only silver lining to the Great Recession is that it triggered a new focus on manufacturing in the United States. After 25 years of being sold a shiny vision of a service-dominated post-industrial economy, the U.S. is rediscovering how important it is to actually make things in order to spur innovation, raise wages, drive exports and lower the trade deficit. Corporate cost calculations undergird the newfound appreciation of U.S. manufacturing. The offshoring of manufacturing was rooted in harsh economic realities: rock-bottom wages in nations such as China and the aggressive attraction and infrastructure strategies of foreign governments.
WORLD
May 3, 2012 | By Kim Willsher, Los Angeles Times
PARIS - It was billed as a political duel to the death. In the right corner, Nicolas Sarkozy, incumbent president seeking reelection but trailing badly in opinion polls. In the left, Socialist challenger Francois Hollande, favored to winFrance's presidential runoff Sunday but facing an aggressive rival with nothing to lose. The pair's only live television debate, it had been described by Sarkozy as "the moment of truth. " And, as possibly his last chance to turn his fortunes around, Sarkozy had vowed to "explode" his rival.
BUSINESS
April 26, 2012 | By Jim Puzzanghera
WASHINGTON -- Men continue to take a bigger hit in their paychecks than women because of lingering effects of the Great Recession, according to a study by the Conference Board. Average wages for women remain lower than those for their male counterparts, by nearly 20%. But men's wages have been much slower to rebound from the effects of the recession, which had its most severe impact on male-dominated industries, such as construction, the study found. Although the recession technically ended in 2009, men's wage growth had rebounded to half the average rate of the previous decade by last year.
BUSINESS
April 14, 2012 | By Richard Verrier, Los Angeles Times
The International Alliance of Theatrical Stage Employees and the major studios have reached a tentative agreement on a new contract that averts a potential showdown. The so-called basic agreement covers about 35,000 members who belong to IATSE's Hollywood locals and includes camera operators, set decorators, grips and others who work behind the scenes on movies and TV shows. Under the proposed deal reached late last night, IATSE members would receive a 2% annual wage increase over three years — in line with raises negotiated by other entertainment unions.
BUSINESS
April 13, 2012 | By David Pierson, Los Angeles Times
HUIZHOU, China — Tony Zhang used to make cents on the dollar churning out cheap sneakers for Wal-Mart. And like every other low-margin exporter in China's manufacturing heartland, he was struggling to keep pace with rising costs for labor and raw materials. Rather than run his business into the ground with ever-shrinking profits, the Taiwan-born Zhang decided to upgrade his operations. His factory just outside Shenzhen now makes specialty footwear, including fire retardant boots, steel-toed shoes and soccer cleats.
OPINION
April 13, 2012 | By Michael Kinsley
Everyone says there's a class war going on in the United States. If so, it is, at least so far, a war of words. It's also a war in which a principal tactic is accusing the other side of fighting a class war while denying that you're fighting one yourself. Meanwhile, everybody claims to be on the same side: the side of the people, against the aristocratic elitist snobs who … where did I park my tumbrel? In this war of words, certain words take on a special weight or meaning.