Word: foundered
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Dates: during 2000-2009
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...economic slump, many Japanese companies are thriving--and they're reviving some of the customs that were hallmarks of Japan Inc. during the booming 1980s. Not only are company-sponsored drinkathons back, so too are subsidized dorms for single employees as well as corporate outings and visits to the founder's ancestral grave. "We realized that workplace communication was becoming nonexistent," explains human-resources manager Shinji Matsuyama, whose company, Alps Electric, brought together 3,000 workers for its first company-wide undokai, or mini-Olympics, in 14 years. According to Matsuyama, the shared experience of playing dodge ball and skipping...
...Bill, the money must be used to fund education, start a business or make a down payment on a home. The bond would preserve the voluntary nature of the service but offer a strong incentive for young people to sign up for it. Says City Year CEO and co-founder Michael Brown: "It's a new kind of government philosophy about reciprocity. If you invest in your country, your country will invest...
...AARP survey, 80% of Americans between 50 and 60 said they were planning to work during retirement. "Many seniors are interested in careers that are influenced by a spirit of service. Over half want to work in the education, health-care and nonprofit sector," says Marc Freedman, founder and CEO of Civic Ventures and co-founder of Experience Corps. Experience Corps is the largest AmeriCorps program for people over 55; it consists of teams of 10 to 15 people working to improve reading for students in kindergarten through third grade. Just as AmeriCorps members receive scholarships, baby-boomer volunteers would...
...them as crowd-pleasing rhetoric or a way of avoiding asking people to make a true sacrifice. But Americans are ready to be asked to do something. "People understand the idea that this is a great country, and that greatness isn't free," says Zach Maurin, the co-founder of ServeNext.org, which has launched a campaign to get the presidential candidates to endorse national service...
...Originally nominated in April by Prime Minister Recep Tayyip Erdogan, co-founder with Gul of the Justice and Development Party (AKP), Gul's name on the slate evoked thinly veiled threats of a coup by Turkey's staunchly secularist military. Seeking a public mandate, Erdogan defiantly called early elections and, in what was widely seen as a popular snub to the military, the AKP was swept back into power with a resounding 47% of the vote. Erdogan then pushed ahead with Gul's nomination, despite calls to name a more centrist candidate to stand for a position which...