Word: capitalistically
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Early in the debate, Romney, a venture capitalist from Belmont, charged that Mart Properties, a firm owned by the Kennedy family that operates the Chicago Merchandise and Apparel Marts, does not offer part-time employees health care insurance...
...brilliant device for directing capital to where it could be used most efficiently. The key was the separation of ownership and management. But were they ever supposed to get this separated? Count the layers of management. There's the management of the actual business, as a 19th century capitalist might have recognized it. Then there's the management of the corporate shell. Then there are the investment bankers, putting companies in and out of "play." Then there are the mutual-fund managers, buying and selling company shares. And now there are wraparound account managers, buying and selling mutual funds...
...different people. For zealous purists, it means another purchase in the larger sell-out of college athletics. For stuffy academics, it means the elevation of a recreational position--football coach--to the status of a tenured professorship. And for Marxist intellectuals, it means a snaky move by prissy, bourgeois capitalist universities to dominate their proletarian counterparts on the grid-iron...
...Clinton Administration's efforts to strengthen commercial ties with Beijing, firms ranging from Boeing to DuPont are teaming up with local partners to build plants in China and circumvent the country's nettlesome trade barriers. In doing so, however, U.S. firms may find themselves marooned on a capitalist frontier where a version of intellectual property rights has yet to be invented and where newly unleashed entrepreneurs openly imitate the products of Western firms on their territory...
...business experience in high regard: 52% believe it to be appropriate preparation for a job in the Senate, compared with just 39% three months ago. The son of former Michigan Governor and 1968 presidential candidate George Romney, young Romney made his millions during the '80s as a venture capitalist in Boston. He argues that while his businesses have helped create 10,000 jobs, Kennedy's activities only funnel in federal grants: that is, funds derived from taxes. "Ted has never had a job in 32 years," Romney charges. "He has no idea how to create jobs, except with government money...