Word: generalize
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Dates: during 1990-1999
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...GENERAL ELECTRIC Jack the Nimble Globetrotter...
There is no starker example of the phenomenon of corporate welfare and vanishing jobs than General Electric Co. In 1986 GE, fresh from acquiring RCA, employed 288,000 workers in this country. By 1997 the number had fallen to 165,000. During the period that GE cut those 123,000 jobs in the U.S.--43% of its workforce--the company collected several billion dollars in corporate welfare...
Everyone from Peter Lynch to your barber will tell you that before you invest in a company's stock, you should make sure it has great management. The best managers are agile enough to steer through trouble and exploit new opportunities. That's how Jack Welch at General Electric became a star and why GE perpetually trades at a higher multiple of earnings than the average stock. Welch is proven. You can buy his stock and throw it in a drawer. Ditto Charles Knight at Emerson Electric and Lawrence Bossidy at AlliedSignal...
Florida Attorney General Robert A. Butterworth, below, expanded a lawsuit against American Family Publishers, the company that uses promises of huge sweepstakes winnings to round up new magazine subscribers. Alleging fraudulent business practices that target the elderly, the suit now names Time-Warner and Time Inc., part owners of AFP (and this magazine's parent companies) as co-defendants...
...that the U.N. inspectors can return to their duties "according to the memorandum of understanding" -- the agreement inked with Kofi Annan last time round. In fact, the rhetoric on all sides has not advanced one jot. There are the same vague assurances of a sanctions review from the secretary general, and the same refusal to talk about sanctions in Washington. Even the military, which came less than 30 minutes away from air strikes this weekend, is getting used to the routine. "This can't go on forever," Defense Secretary William Cohen declared (and not for the first time). With...