Word: marketeers
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Dates: during 1990-1999
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...conclusions, of course, are debatable. Who, after all, set up and continues to dominate every last one of these hierarchical, market-driven institutions? And where, one does begin to wonder, are some of those men who have thrived under this system, who were well fathered and are themselves wonderful fathers, who participate usefully in the world around them? Surely, if she already believes that she can learn much from looking outside the mainstream, these men are no less meaningful than the subjects she chose...
Where is all this money coming from? True, we're living in a time of record employment, rising wages, a bloated stock market and a flock of newly hatched dot.com millionaires. But even these indicators of prosperity don't add up to the consumer-spending spree that characterizes the current U.S. economic boom. There's something else...
...workers--to 65,000--who would be able to keep their old pensions. Still, IBM senior vice president J. Thomas Bouchard, testifying before the Senate last week, said firms like his need the allure of cash balances to attract young, mobile high-tech workers in a tight talent market: "There just isn't enough money to go around to give a choice to everybody." Many employer groups warn that onerous restrictions could do more harm than good. "These well-meaning changes could actually create fewer defined-benefit plans," says Eric Lofgren, director of benefits consulting at Watson, Wyatt Worldwide...
...vote as early as Monday. What gives? The reason may be that a lack of post-handshake regulatory headaches may be priceless. "The FCC is a lot less likely to hold up a merger between long-distance companies (MCI and Sprint are Nos. 2 and 3 in that market, respectively) because there?s already a big fat competitor sitting right there," says TIME business writer Karl Taro Greenfeld. "In fact, some of the impetus for MCI to buy Sprint may be to save money and compete even more with...
...Greenfeld. "Until AT&T can make a real business out of offering local service over their phone lines, the FCC is likely to make any BellSouth wait ?- and that doesn?t even include state-by-state approval by state regulators. God knows how long how thatcould take." The stock market, meanwhile, doesn?t seem to much care who wins; as long as big companies are throwing their weight around again, traders don?t even have time to worry about the Fed (meeting tomorrow. The smart money?s on no rate hike). Sprint shares were hopping Monday on the news...