Word: hoover
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Dates: during 2000-2009
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...from Mondragon. The companies share technical and financial resources - as well as proprietary recipes - and a portion of profits goes to funding new enterprises. The notion of cooperative artisan bakeries sounds quaint, but the group is thinking beyond the breadbox. "We consider this the very beginning phase," says Melissa Hoover of Arizmendi, who is also executive director of the U.S. Federation of Worker Cooperatives. She says the companies plan to develop more businesses and are researching possibilities "along the supply chain": trucking, retail, health and wellness, as well as a funding vehicle like Caja Laboral...
...Arizmendi now employs 125 workers and annually generates $12 million in sales. Despite the economic downturn, the businesses remain strong and poised for growth. This in part owes to the collective decision-making model, says Hoover. "Worker-owned cooperatives are an innately conservative form. We didn't overleverage ourselves...
...explores the time period at length and ends up creating a fictionalized world behind real events, depicting the fallout from Martin Luther King Jr.’s death, the election of President Nixon, the presence and fear of communism, and the eventual death of FBI director J. Edgar Hoover from a more cynical perspective than the history books. His account of the era orients the readers in the plot and leaves them with a true sense of the anger, both righteous and profane, that highlighted the period. Ellroy’s distinctive style—the brief, spare syntax...
...most recent display of bipartisan goodwill between current and past holders of the highest office in the land. These alliances often span vast differences in both ideology and age: Richard Nixon paid a secret visit to Bill Clinton, 33 years his junior, to discuss Russia policy in 1993; Herbert Hoover met with John F. Kennedy, 38 years his junior, before he was inaugurated in 1960. Bush, at 85, is 37 years older than Obama...
That brings us to lesson No. 2. Early in the Great Depression, powerful voices at Treasury and the Fed argued that financial crisis was a necessary corrective. "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate," Treasury Secretary Andrew Mellon advised President Herbert Hoover. "It will purge the rottenness out of the system." This time around, after Lehman went under, no one at Treasury or the Fed talked that way. Instead, policymakers in the U.S. and overseas agreed that the panic had to be stopped at any cost. And it was, through a bailout that placed trillions of taxpayer...