Word: globality
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Dates: during 1990-1999
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...knowledge of Prussian history, his unerring sense of what the Duke of Wellington would do in any situation, his grandiose sense of walking in the boots of Winston Churchill and Ulysses S. Grant. Like Napoleon, he was tall enough to see a future invisible to lesser mortals. A global visionary, he wrote in a calendar unearthed by Slate magazine that on June 30, 1993, he was going to "articulate the vision of civilizing humanity" and, when that was done, "define, plan and begin to organize the movement...to help people...pursue happiness." A "transformational figure" doesn't just kick back...
...Federal Government's corporate-welfare programs started out as welfare. Some began as foreign aid and turned into long-term annuities for corporate beneficiaries. Typical is Bechtel Group Inc. (1997 revenues: $11.3 billion), the global construction and engineering giant owned by the Bechtel family. So far in the 1990s, Bechtel has received more than $2 billion in corporate welfare in the form of government insurance, loans and grants, in addition to foreign-aid contracts, one of which is now nearly 10 years...
...would you like to get the Federal Government to invest with you in a hot new business in the global market? Say a company that manufactures cotton and coffee in Argentina? Or a company that manufactures vans for the local jitney service in South Africa? Or a soft-drink company in Russia? For every buck you put up, the government, in the form of something called the Overseas Private Investment Corporation (OPIC), puts up two bucks. Best of all, if the deal goes sour because of a crumbling economy, currency devaluation or some other unforeseen event, you won't have...
This is not coincidence. GE is arguably America's best-run large enterprise, and under its charismatic chairman, Jack Welch, it has moved aggressively to position itself as a truly global corporation while pursuing every available strategy to boost profitability and shareholder value. While few investors would argue with GE's corporate strategy or its success, it is fair to question the government's continued use of taxes from the rest of us to make GE's hefty profits even greater...
...approach the end of the "Great American Century," it is inevitable that memories will fade and familial links will pass from this earth. In times of a calm global political environment, complacency will be accepted and isolationism will be embraced even as defense budgets remain cushy...