Word: expansionism
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Dates: during 1990-1999
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AFTER BARELY TWO YEARS OF EXIStence, NetEdge Systems is ready to cash in big. The fast-growing North Carolina company, which makes devices called edge routers that connect computers to high-speed voice and data networks over telephone lines, plans to launch an initial public offering (ipo) of its stock...
On the other hand, successful new companies are a welcome source of jobs, and the point of an IPO is usually to help a firm carry out a business expansion. "All you have to do is talk to people in Silicon Valley," says Ritter, who points out that "almost all...
J. Bryan Hehir of the Harvard-Radcliffe Catholic Student Center also downplays the perceived expansion of religious life. Hehir believes it is too soon to tell whether the 1990s can be viewed as a decade of religion.
The upshot: a business expansion that is at some risk of dying of old age (it began in March 1991) needs more stimulus than the Fed is giving it. Or so say many economists. Last week's tweak is "too little, too late," argues Allan Meltzer, professor of political economy...
Most workers, especially in the private sector, have no such protections. Unless their contract says otherwise, they can be fired "for any reason or no reason"--except when the firing can be shown to be discriminatory on the basis of race, sex or religion. In addition, a few forms of...