Word: model
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Dates: during 2000-2009
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...Several nonprofit and medical institutions in Cleveland have turned to the Mondragon model for a consortium of businesses that will provide needed services and bolster an impoverished community. Evergreen Cooperative Laundry, a state-of-the-art commercial launderer designed to be LEED silver-certified, opened for business this fall in Cleveland's University Circle, an area where the average annual household income is $18,500. Rather than just bringing home wages, its eight employees will gain equity through "patronage accounts," a portion of earnings put aside to both build personal assets and reinvest in the company...
...hallmark of the Mondragon model is its use of capital. Rather than flowing into the pockets of executives and outside investors, a company's profits are distributed in a precise, democratic way; set aside as seed money for new cooperatives; distributed to regional nonprofits; or pooled into shared institutions like the university and research center. In other words, each individual cooperative gains long-term benefits from the financial assets of the whole. (How this would play out in the context of U.S. tax rules remains to be seen.) In Cleveland, the Evergreen Cooperative Development Fund, managed by ShoreBank Enterprise Cleveland...
...Cleveland model," as Evergreen has already been dubbed, creates "a way to stabilize jobs in an area as well as democratize ownership," says Gar Alperovitz, professor of political economy at the University of Maryland and a founding principal of the Democracy Collaborative, a nonprofit organization that has advised Evergreen. He says part of the strategy has been to address growing sectors of the economy, such as health care and energy. To have a major impact on the regional economy, manufacturing has to be brought in, says Alperovitz. "We're thinking about similar approaches with bullet trains and mass-transit vehicles...
Just one question. Why should anybody be perplexed about Mara Carfagna's participation in Italian political life? She was a model and now she is a brilliant minister. After all, nobody complained about Sarah Palin or Yulia Tymoshenko who are both famously beautiful, have gone into politics and have done a great job, just like Mara Carfagna. Max Annati, MILAN, ITALY...
...sense; it just has to sound as though it makes sense, like the stuff Sarah Jessica Parker typed on Sex and the City: In a decade when power shifted from organizations to individuals, when writers became cheap and librarians dear, when giving things away was the most successful business model, these men used their ingenuity to organize, connect and map our planet. For these reasons, and the fact that they can keep "Joel Osteen" from popping up every time you try to find me online, Sergey Brin and Larry Page are TIME's Persons of the 2000s. It turns...