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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (301542)8/28/2006 8:08:59 AM
From: Road Walker  Respond to of 1571690
 
Real Wages Fail to Match a Rise in Productivity
By STEVEN GREENHOUSE and DAVID LEONHARDT
With the economy beginning to slow, the current expansion has a chance to become the first sustained period of economic growth since World War II that fails to offer a prolonged increase in real wages for most workers.

That situation is adding to fears among Republicans that the economy will hurt vulnerable incumbents in this year’s midterm elections even though overall growth has been healthy for much of the last five years.

The median hourly wage for American workers has declined 2 percent since 2003, after factoring in inflation. The drop has been especially notable, economists say, because productivity — the amount that an average worker produces in an hour and the basic wellspring of a nation’s living standards — has risen steadily over the same period.

As a result, wages and salaries now make up the lowest share of the nation’s gross domestic product since the government began recording the data in 1947, while corporate profits have climbed to their highest share since the 1960’s. UBS, the investment bank, recently described the current period as “the golden era of profitability.”

more nytimes.com



To: tejek who wrote (301542)8/28/2006 9:04:16 AM
From: combjelly  Read Replies (2) | Respond to of 1571690
 
Body found 11months after Katrina

07:44 AM CDT on Tuesday, August 1, 2006

Associated Press

Eleven months after Hurricane Katrina hit, firefighters broke through a back door of a destroyed home filled with debris and furniture and found skeletal remains.

The remains were found yesterday in a home in eastern New Orleans. The discovery was made after the Louisiana Family Assistance Center in Baton Rouge received information from a woman's son who said he believed she was still in her house.

Chief coroner's investigator John Gagliano says DNA tests will be used to identify the remains.

With the help of a search dog, authorities found the bones under a pile of debris in a front bedroom.

It was the 28th Katrina body found in New Orleans since a federal mortuary service ceased operations and turned the collection of bodies over the coroner's office in March.

In May Louisiana's Department of Health and Hospitals raised Louisiana's Katrina death toll by 281, to a total of 1,577 after receiving more reports of out-of-state deaths.

wwltv.com