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Monday, May 23, 2005


THE SALARY VALUE INDEX: BEST, WORST PLACES TO STRETCH YOUR PAYCHECK 

Are you a "Sex and the City" fan dreaming of drinking Cosmopolitans in SoHo? Get ready to lose your checkbook. Are you thinking of moving to San Diego and looking forward to living a relaxed life on the beach? Be prepared to throw your wallet in the ocean. That's because New York and San Diego are two of the least-favorable cities to live based on cost-of-living expenses according to Salary.com.


“The index measures where you are most likely to have a job that is going to pay you relatively better than the expenses you incur when you live there,” said Bill Coleman, senior vice president of compensation at Salary.com, which researches compensation practices in the United States.

“We do not want to say New York is bad place to live. It’s just that by the numbers, it’s the toughest place to build a bank account,” he said.


CITIES WITH THE WORST BANG FOR A BUCK
1. New York City
2. San Francisco
3. Stamford, Conn.
4. San Jose
5. San Diego
6. Santa Barbara
7. Bakersfield, Calif.
8. Los Angeles
9. Fresno, Calif.
10. Boston

New York last in cities where paycheck goes far - Stocks & Economy - MSNBC.com
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BOLIVIA EPITOMIZES FIGHT FOR NATURAL RESOURCES: NYTIMES 



Market reforms for Latin America's energy resources are falling out of favor. Indigenous and neo-socialist groups have joined together to promote nationalizing private installations to control natural resources. Bolivia is the country where nationalization holds the most appeal. The country has witnessed battles over the decades concerning silver, tin and gold. Now, nearly discovered gas deposits are providing the impetus for a renewed battle over globalization.

On one side, there are Bolivians like Carlos Alberto López, a former vice minister of energy who was educated at Harvard and the London School of Economics. Mr. López, now a consultant for energy companies, contends that nationalizing the oil industry would be a disaster for the country. He said Bolivia should instead be taking advantage of the fact that it has Latin America's second largest gas reserves by attracting foreign investors with favorable terms and then selling the gas to energy-hungry giants like Brazil or the United States.

"This was our last best hope for Bolivia's economy to grow," Mr. López, 45, said in an interview.

Across this capital, in a small office decorated with posters of the revolutionary icon Che Guevara, another protagonist expresses a sharply opposed viewpoint. "The people have a right to nationalize and expropriate," said Jaime Solares, 53, who started working at age 13, has a 10th grade education and heads the Bolivian Workers Central, the country's largest labor confederation. "The people no longer believe in neo-liberalism."

The movement against market reforms appears to be gaining ground.


Bolivia Epitomizes Fight for Natural Resources - New York Times

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