Economics
In April 2007, the city of Kemi laid off all of its municipal workers for 2 weeks due to the failing economy of the city. Spiraling specialist health care costs and a fleeting industry tax base are stated as the cause for the vote. These are the most drastic temporary dismissals to take place in Finland since 2000.
Read more about this topic: Kemi
Famous quotes containing the word economics:
“Religion and art spring from the same root and are close kin. Economics and art are strangers.”
—Willa Cather (1876–1947)
“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)
“There is no such thing as a free lunch.”
—Anonymous.
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)