Word: fractionated
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Dates: during 1980-1989
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...keys to Sambo's initial success was a potent profit sharing plan called Fraction of the Action. This allowed a restaurant manager to invest $20,000 to buy 20% ownership of his operation. When the plan was started in 1967, it attracted a small army of businessmen willing to put in long hours in return for the promise of making it big. Recalls John Puccinelli, who was a restaurant manager for three years in Concord, Calif.: "They recruited us by saying that if you'll stay with Sambo's for ten years...
...only solution to the long-term problem is slowing the growth of benefits. One proposal is to gradually postpone from 65 to 68 years the age at which an individual can retire with full benefits. The resulting savings, however, would still be only a fraction of what is needed. A more direct approach to slowing the growth of benefits is also needed...
...premium prices that the Saudis and other OPEC members command for their oil have pushed many developing nations into a state of destitution. The mountain of Third World debt now exceeds $370 billion, but the Saudis have used only a small fraction of their available revenues for foreign aid and low-interest loans. Demands are thus increasing that the Saudis do more to help...
...becoming acute because storage space, which the Agriculture Department leases from private companies, is growing scarce. Moreover, once acquired by the Government, the surplus food becomes exceedingly difficult to get rid of. Social welfare programs such as subsidized school lunches and foreign aid absorb only a small fraction of what the U.S. buys each day. The U.S. could easily sell some of the rest abroad, but only at a discount. The 95? per lb. that the Government pays for dry milk, for example, is almost 70? higher than the price on world markets. Moreover, any markdown could anger consumers, since...
...coupons are apparently sold at a fraction of their face value to grocery stores, which pass them on to clearinghouses and manufacturers to be cashed in at full cost...