| Saturday, May 19, 2012 - 10:13 pm |
Widespread jobless has pushed the unemployment rate in the Grand Duchy of Marshall to double digits.
"This is appalling", said the Grand Duke.
Public works projects have been enacted to benefit the populace in the short term, and make the country a more attractive place for investment.
Transportation indexes are edging up in response, and according to economists should hit levels 50% higher than needed within the next decade.
New Education and Health Initiatives have also been enacted, both to spur investment, and in anticipation of the population increase - expected to almost double in the next 2 decades.
Hardest hit has been the High Tech sector, with 400,000 HT engineers reporting joblessness lasting over a year.
The Grand Duke has enacted a personal appeal to those multi-nationals already present, ensuring them of the continuation of taxation policies, and those relating to the high standards of living for their employees, "For when people go to work, they shouldn't have to leave their hearts at home" stated the Duke's chief economist.
"While we have the utmost respect for those who have, in some part, tied their fortunes to our own, we are not adverse to welcoming new corporate partners into the Duchy", exclaimed Marshal Ney, " Our creed remains the same. All labor which uplifts our country has dignity and importance and will be conducted with painstaking excellence."