Word: minimum
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Dates: during 1990-1999
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...asking the groups to come up with an idea for a booth, an issue that's most important to them as a group," Christofferson said. "The Harvard Democrats might talk about the minimum wage or the Hillel might talk about Jewish involvement in politics. There have been a whole range of groups invited...
...take over failing S&L's by allowing them to report the losses sustained by the insolvent institutions as "goodwill" assets. In 1989, however, feeling the offer had been too generous, Congress passed a law blocking healthy S&Ls from counting the goodwill assets as part of their minimum capital requirements. The change left many thrifts financially devastated; several sued. The Court ruled that it would have been "madness" for the three S&Ls named in the case at hand to have taken over failing S&Ls if they couldn't rely on the accounting rules to be binding...
Conceding that Friday's move was a step in the right direction, some investigators and officials in the field nonetheless contend that it is another case of the cleanup team's doing the barest minimum necessary to keep the feds at bay. The Buffalo local, they say, is such a well-known Cosa Nostra fortress--and so prominently featured in the Justice Department's original complaint--that union investigators had to act. Also, some of the ousted officials took with them large life-insurance policies with immediate cash value. Those officials also dropped a lawsuit against the international union that...
...consumers saw 20 years' worth of exploitation boil down into one week's news. Labor Secretary Robert Reich skillfully recruited Gifford to the cause--offering absolution if she would become a watchdog. Reich argues that more than half the 22,000 U.S. garment contractors pay less than the minimum wage; working conditions are often appalling. He has about 800 inspectors to police them all, which is why public outrage comes in handy. "Consumer pressure is vitally important," he says. "We have also begun naming names." Every three months the department lists the manufacturers that are dealing with sweatshops. Some, like...
Nike's Indonesian workers are paid about 50 [cents] an hour and receive free meals and health care. While that amount seems like little more than slavery, it's roughly twice the country's minimum wage--if the factory owner abides by the rules. Nike, like most of the big American firms, does not own any factories in Indonesia; it hires Korean and Taiwanese-owned factories to supply footwear made to Nike specifications. The company has some 800 staff members in Asia whose responsibility includes factory inspection. Yet, says an industry source, "shoe factories are huge. There...