Bloomberg BusinessWeek, May 8, 2017 (I)

choi

(1) David Welch and Nacha Cattan with Elisabeth Behrmann, Why Mexico's Autoworkers Aren't Prospering
https://www.bloomberg.com/news/a ... ell-out-autoworkers
("At a ceremony at Mexico's Los Pinos presidential residence in July 2014, BMW Chief Executive Officer Harald Krüger pledged to spend $1 billion to build a factory in the northern state of San Luis Potosí that will employ 1,500 workers. * * *  two days earlier, a labor contract [had been] signed by a representative from the state chapter of the Confederación de Trabajadores de México (CTM), the country's largest union confederation [to date, autoworkers still are unaware of being represented by that union, a practice illegal in US], and notarized by a Labor Ministry official. The document, which Bloomberg reviewed, sets a starting wage of about $1.10 per hour and a top wage of $2.53 for assembly-line workers")

Note:
(a) summary underneath the title in print: Wages are stagnant despite new plant openings, and unions are mainly to blame.
(b) The online title: How Mexico’s Unions Sell Out Autoworkers
(c) There is no need to read the rest of this report. The wages above hints that either those in Mexico are low or those in China are high.

(2) Dexter Roberts, China's Shift to Services Hits a Snag.
https://www.bloomberg.com/news/a ... -with-college-grads

Note: summary underneath the title in print: Many jobs being minted are menial and pay low wages

(3) Daniela Wei and Bruce Einhorn with Clarissa Batino, Ian Sayson, Cecilia Yap and Andreo Calonzo, Philippines Casinos Are Cleaning Up.
https://www.bloomberg.com/news/a ... k-at-manila-casinos
(a Manila casino called City of Dreams)

Note: summary underneath the title in print:  More Chinese high rollers are gambling via phone calls to Philippines Casinos

(4) Christopher Flavell, New Jersey Builds Wall Against a Rising Tide.
https://www.bloomberg.com/news/f ... -walls-than-retreat

Note:
(a) summary underneath the title in print: Federal funds  to buy out owners' flood-prone homes go unspent
(b) Read only the first several paragraphs, to get the notion. Business keeps talking about this prediction, which is not known whether to realize.