Word: allowing
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Dates: during 1980-1989
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Drexel's pact with the SEC, which must be approved by a federal judge, will allow the firm to close the book on a 2 1/2-year federal probe. But the price is high. The agreement puts Drexel on probation for three years and requires it to set up an oversight committee. The firm is also naming a new chairman, former SEC head John Shad, to succeed Drexel's Robert Linton. As expected, the deal forces Drexel to cut all ties to its former junk-bond king, Michael Milken, who is facing separate criminal charges of racketeering and securities fraud. Last...
...many new facts to absorb. Meanwhile, the drill-press operator discovers that the drill comes with a computer attached to it. Workers find that it takes all the energy they have just to remain qualified for their jobs, much less have time to acquire new skills that might allow for promotion. "There is no question that the half-life of most job skills is dropping all the time," says Edward Lawler, University of Southern California professor of management. "People are falling by the wayside, just as companies...
...greater satisfaction, autonomy and flexible working conditions. Freedom-minded men and women alike have recognized that technology and the restructuring of the economy, which so often work against individual peace of mind, can actually work for the small entrepreneur. The same computers and fax machines that torment corporate drudges allow small businesses access to world markets...
...plane's so-called source codes, which coordinate its electronic features. The doubters were joined by Secretary of Commerce Robert Mosbacher, who says he wanted to ensure that "this aviation technology, which has taken so many years of blood, sweat, tears and money to develop, did not instantly allow our biggest competitor to catch right up." After hearing the objections, Bush decided to reopen the agreement and press Japan for safeguards, including a clearer understanding of what the U.S. would gain from the project and the technological secrets it could withhold from the Japanese...
...very long time. More immediately, Takeshita is eager just to get the Recruit scandal behind him. For one thing, the Diet's opposition forces are holding hostage the nation's budget, which should have been in place April 1. They refuse to debate it until the L.D.P. agrees to allow Nakasone to testify under oath about his role in the Recruit affair. For another, Takeshita must set a date for elections to the Diet's upper house by Aug. 13, and in the poisonous atmosphere created by Recruit, the L.D.P.'s chances of winning the 54 seats it needs...