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Strategies & Market Trends : Commodities - The Coming Bull Market
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To: isopatch who wrote (453)7/6/2001 3:00:10 PM
From: craig crawford  Read Replies (1) of 1643
 
thanks for the kind words. if you run across any good articles on anything related to commodities including inflation, currencies, etc feel free to post them. :)
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Friday July 6 11:14 AM ET

Workers Paralyze Italy's City Streets And Skies
dailynews.yahoo.com

By Luke Baker

ROME (Reuters) - More than 100,000 workers staged strikes throughout Italy on Friday with metalworkers marching through the streets and pilots, flight attendants and air traffic controllers causing chaos in the skies. The biggest protests were in Milan where an estimated 60,000 members of the FIOM metalworkers' union paraded through the streets carrying banners demanding larger pay increases in negotiations now under way with their employers.
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Metalworkers form the largest group among 5.5 million Italian workers -- 46 percent of all wage contracts negotiated at the national level -- who have yet to strike pay deals for this year. They are also expected to pose the greatest challenge to employers, having asked for inflation-busting gross wage rises. Italian wage inflation has kept level with or below consumer price inflation for nearly two years, largely because of a 1993 wage moderation labor accord which was renewed in 1998. Economists say this year's wage deals are likely to push up inflation moderately.
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