Word: drains
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...would be nice if, upon inheriting Paulson's job in January, you provided a bit more coherence to just what exactly you guys are trying to do, and how. I know this is much easier said than done, given the startling rapidity with which things have headed down the drain. But the bailout of Citibank about a week ago makes the point; at the start of this, the so-called TARP (the Troubled Asset Relief Program) was going to be used to buy bad assets from financial institutions. Those institutions could then be recapitalized and, with their balance sheets repaired...
...students riffed on transubstantiation, the historical roots of incense and why it's not O.K. to pour Communion wine down the drain ("You're not going to flush Jesus," noted Rhonda VanDyke Colby); other weeks, the conversation runs the gamut from politics to premarital sex. "The first task is deconstructing what people think they know," she says. "A rigorous faith is going to serve them well. A rigid one is going to break when the first strong wind comes along." Several past participants have joined new churches; others say they've come to a deeper understanding of God. In some...
...they are often sub-castes in their own countries, invisible to the oh-so-keen eye of the developed world. Some say it robs developing countries of their skills and talent. But more people bring home skills and know-how than leave permanently in the “brain drain.” Lastly, some say it promotes dissolution of families. Love, however, is a little tougher with empty stomachs and untreated infections. In Cape Verde, an African island nation, live about 460,000 people. There are about 500,000 Cape Verdeans overseas, including a very large contingent in Boston...
That's why benefits are the next big target. For every employee who makes $75,000, a company typically spends $30,000 more in benefits. So for employees who still have jobs after cost-cutting layoffs, the potential for more pain lies ahead. Health insurance is traditionally the revenue drain that budget hawks focus on, with costs averaging $10,000 per employee (about $6,000 for singles and $14,000 for those supporting a family). "I expect that by January, the number of people without health insurance will rise above 50 million as companies scale back," says Bruce Raynor, president...
...industry earning standards. But a representative at the UA says that owners of plumbing businesses would likely take bigger hits in economic hard times because they incur the production costs of keeping a company running. Paul Abrams, a spokesman for Roto-Rooter, the nation's largest plumbing and drain service provider, says he has seen evidence of that. "We've had some people who owned businesses close up shop and come work for us," Abrams says...