Word: collaring
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...next delves into the nitty-gritty of financial shakedowns. Though lately the press has focused attention on the crackdown on corporate fraud--with WorldCom executives finally coming to trial, for example--he says everyday Ponzi schemes are more prevalent than ever. According to the nonprofit National White Collar Crime Center, $40 billion is lost every year to such investor swindles. Current low interest rates are making matters worse, Minkow says, because retirees on fixed incomes are more vulnerable to shysters who promise higher rates of return. At the same time, the national run-up in real estate prices gives many...
...Thomas dismissed the central part of Bush's proposal for reforming Social Security, saying personal-investment accounts "don't really solve the problem." He then tossed a few political bombs, musing that Congress might link retirement benefits to gender because women live longer than men, or might let blue-collar workers retire earlier because "there are certain occupations in which you're pretty used up by 65." He rounded out his comments by declaring that the politics of the House and Senate would soon render the President's plan a "dead horse" even before Bush announces its details...
...much as 30%. The reason: China's rise as a manufacturing power has contributed to a surplus of global production capacity for all kinds of goods, from sneakers to DVD players to plastic lawn chairs. With the price of raw materials rising and factory profit margins shrinking, blue-collar workers are at the losing end of a long chain of supply and demand...
...really began with the collapse of the youth labor market, dating back to the late '70s and early '80s, which made it more difficult for people to get a foothold in terms of financial independence," C??t?? says. "You need a college degree now just to be where blue- collar people the same age were 20 or 30 years ago, and if you don't have it, then you're way behind." In other words, it's not that twixters don't want to become adults. They just can't afford...
...work--and much more--in their spare time and find it wonderful fun. In the process they have turned do-it-yourself into the biggest of all U.S. hobbies and a booming $6 billion-a-year business ... The meaning of the tasks performed by white-collar employees and executives often becomes lost in the complexities of giant corporations; it is hard for them to see what they are really accomplishing. But in his home workshop, anyone from president down to file clerk can take satisfaction from the fine table, chair or cabinet taking shape under his own hands--and bulge...