Word: firm
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Dates: during 1990-1999
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Until this week, the painters had been employed by a contractor hired by Harvard to perform rehabilitation and redecoration on Yard buildings. But two weeks ago, the painters went on strike to seek union recognition, and this week, the firm has laid off its workers and closed its doors, citing the health of the owner...
University spokesperson Merry D. Touborg said Harvard is considering the possibility of re-employing the workers through a different contractor, but has not yet chosen a firm...
...days. And although Roth has a way with bipartisanship, a standoff seems the likeliest possibility. "Clinton has successfully sold his spending programs as more important than tax cuts," says Branegan. "The White House doesn?t feel it will have to give too much up, and if the GOP stands firm, Clinton will veto it." But take heart, overtaxed Americans: if he does, you'll get another crack at it next year...
...Nikkei rocket has been fueled almost entirely by foreign cash. In the last month foreigners have bought $1.8 billion of Japanese equities on average each week, according to Bridgewater Associates, a money-management firm based in Wilton, Conn. At the same time, locals have sold more than $2 billion worth each week. Cashing out? You bet. That imbalance between sellers and buyers finally caught up with the market last week, which ended in a 4% dive...
ULTIMATE PORTFOLIO? Morningstar, the firm that rates thousands of mutual funds, has reshuffled its own 401(k) lineup, which is worth pondering. With few exceptions, the company considered only funds that had at least a three-year track record. Similarly, the funds' managers had to have at least a three-year tenure at the helm. The company also chose far more stock funds than bond funds, citing its young employee base (average age: 30). For more on the firm's rationale, visit www.morningstar.net...