To operate in the formal economy
By a News Reporter-Staff News Editor at Economics Week -- Fresh data on Economic Policy are presented in a new report. According to news reporting from Mexico City, Mexico, by VerticalNews journalists, research stated, "In 2002, the Mexican government began an effort to improve health access to the 50 million uninsured in Mexico, a program known as Seguro Popular (SP)."
The news correspondents obtained a quote from the research, "The SP offered virtually free health insurance to informal workers, altering the incentives to operate in the formal economy. We find that the SP program had a negative effect on the number of employers and employees formally registered in small and medium firms (up to 50 employees)."
According to the news reporters, the research concluded: "Our results suggest that the positive gains of expanding health coverage should be weighed against the implications of the reallocation of labor away from the formal sector."
National trouble, not local
The opening statement actually came from Hemlock spokesman Jarrod Erpelding, who was on conference call from the corporate office in Michigan.
“Unfortunately, we’re here today to announce that we’re closing our Clarksville facility,” Erpelding said.
Then Beachy chimed in: “We have been looking at the Clarksville site constantly, and we’ve reached the conclusion now, with the market looking very long and adverse ... the U.S and Chinese governments still have not reached a formal trade settlement ... that we are going to close this Clarksville facility permanently.”
Beachy called it merely a business decision that is no reflection on Clarksville-Montgomery County, its cooperative spirit or its work force, and in a formal written statement, she added, “As difficult as this is, the continued market adversity and complex political conditions have left no economically viable options for Hemlock Semiconductor to operate the site. It is unfortunate for both the company and the community that these conditions have forced us to take this action.”