Word: fractionating
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...done." Adds Stanford University Labor Economist Thomas Sowell, a black: "Talk about people being unemployable is just so much rubbish. Everybody is unemployable at one wage rate, and everybody is employable at another." Perhaps not quite everybody. In a free economy, there will always be some small fraction of people who lack the skills or discipline to work. But there is a lot of work that needs doing?cleaning up parks, repairing abandoned buildings, taking part in the burgeoning service trades?at reasonable wages...
...hire well-schooled middle-class youth at the expense of older workers. A better compromise, suggested by Harvard Economist Martin Feldstein, would be for the Government to subsidize minimum-wage payments to the youthful unemployed. Directed specifically to the underclass, the program would allow businessmen to pay a fraction of the cost for jobs that they might otherwise refuse to fill. Another wise Government investment would be to shift some federal funds to more and better mass transit, which, beyond all its benefits to the environment, would give the underclass access to all the new job opportunities in the suburbs...
...local governments, and Washington knows little about their effectiveness. Says Sar Levitan, director of George Washington University's Center for Social Policy Studies: "You end up throwing money away without anyone really knowing what is going to happen." At their best, the federal programs have room for only a fraction of the underclass, and most are designed for fairly experienced workers or the motivated poor...
...half-ounce heavier than the others. Carew sent a recent shipment of bats back to Hillerich & Bradsby, maker of the famed Louisville Slugger. His exasperated explanation: "Every one was the wrong weight, and the handles were all too big." Interpretation: the wood was not shaved within the proper tiny fraction of an inch of perfection. Like all the other great hitters, Carew scrupulously cares for his bats. He bathes them with alcohol, removing the buildup of pine tar that is used to tighten the bond between hand and wood. "I can't stand a dirty bat," he explains. "Some...
...their washday efforts, top Mafiosi can never launder more than a fraction of their illegal earnings. Thus a valued member of each clan is the "money mover," who specializes in finding ways of putting Mob money to work. Loan-sharking is a favorite because of its quick and huge returns. California officials estimate that Chicago mobsters have invested $50 million in Palm Springs bars, restaurants, hotels and real estate. As the Mafia defector said: "Money layin' around in your pocket don't do nothin' but get wrinkles...