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American companies have taken the lead in this process. Ford Motor Co. openly trained black apprentices for skilled jobs that at the time were "reserved" by law for whites. IBM has earmarked $10 million of its South African profits to be spent on computer laboratories for black primary schools and teacher-training colleges, and General Motors is laying out $2 million to provide new houses, home improvements and scholarships to blacks. If American companies were forced out of South Africa, experts contend, they would not just close up shop; they would sell out. Says Jack Behrman, a former U.S. Assistant...
...theaters. Rapid industrialization during the past two decades has brought blacks four or five times the pay they received a few years ago, though they still average only about 19% of what whites earn. That is not true, however, of black employees of dozens of major companies like IBM, who receive the same pay as their white counterparts...
Mexico, though, enjoyed at least one bit of good economic news last week. IBM announced that it would build a microcomputer plant near Guadalajara. The facility will be wholly owned by the American company, marking the first time Mexico has permitted a foreign high-tech firm to have 100% control of a local subsidiary. A 1973 law limits foreign ownership to 49%. In January, Mexico rejected IBM's proposal to build the plant, but the company made several concessions to get the deal. It agreed to invest $91 million over five years, instead of the $6.6 million initially planned...
...computer seems like a risky venture, since the home market is almost comatose. Apple recently closed three of its six factories and laid off 1,200 of its 5,800 employees. Some retail chains say they will not carry the Amiga because they are sitting on too many unsold IBM or Apple machines or are waiting to see if the Amiga is successful...
Rachel, a freshman in high school, is the youngest daughter of the Dunster House Masters, IBM Professor of Business and Government Robert B. Porter and Anne R. Porter. Unlike most of her peers, who are tucked safely away in private apartments or houses, Rachel lives in the midst of college students, and she’s seen her share of “people a little too out of control.” Despite the shock, Rachel still has her sights set on coming to Harvard...