Word: jobses
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Dates: during 1990-1999
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Programs such as foreign sales corporations are a product of Congress's attempts to legislate economic behavior--attempts that generally fail, to the detriment of the Treasury. In 1971 legislators became alarmed at the growing trade deficit--imports that exceeded exports--and the threat to American jobs. So Congress came...
Microsoft wanted--and got--what record and movie companies already had: the right to ship master tapes or films overseas, make copies there and funnel the resulting income back through an FSC to generate a tax subsidy. The IRS allows the deduction, even though the manufacturing actually takes place abroad...
AlliedSignal, like many FORTUNE 500 companies in the '90s, has added to the unemployment rolls at the same time it has been collecting welfare. Over the past three years, the company has shed thousands of jobs as it acquired other companies. Right now, Allied is making a run at AMP...
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...
When I ask whether it's important to know my VLDL count, he says no. In fact, that's open to interpretation, since one of VLDL's jobs is to carry fatty substances, called triglycerides, in the blood, and some researchers think triglyceride levels may help determine heart-disease risk...