Word: partnerships
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Dates: during 1990-1999
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...welfare-to-work bandwagon. Of the top 100 U.S. companies, 34 have programs, and 13 more are planning them. Executives of such blue chips as United Airlines and Salomon Smith Barney were at the White House this spring toasting President Clinton's one-year-old Welfare to Work Partnership and saying their welfare hires had better retention rates than workers found from other sources. Why the sudden success? There's the economy, which has made employers so desperate that some are hiring convicts to work in prison. And there's welfare reform, which has drilled into recipients the fact that...
...soft skills," basics like showing up on time, dressing appropriately and not fighting with co-workers. "Employers are saying, 'Give us people with the right attitude and job readiness, and we'll take care of the rest," says Eli Segal, president of the nonprofit Welfare to Work Partnership...
...most likely target is something called a family limited partnership. But also on the hook is what is known as a qualified personal-residence trust. President Clinton has said he wants both curtailed or eliminated, and while he may not get his way, there is no point in betting against him. Kevin Flatley, director of estate planning at BankBoston, advises clients to act by Oct. 1. That's when he expects a tax bill in Congress, and, he notes, "typically, changes like these are effective the date of the proposal." So don't delay on the assumption that you will...
...roundtable with local business and civic leaders, and later on -- of all things -- a talk-radio show, he heaped praise on China for resisting the pressure to devalue its currency and emphasized the cooperation between the two countries over the Asian financial crisis as a model of partnership. He spoke of "a new China emerging in the world that is more prosperous, more open and more dynamic" -- a place that's hugely attractive to American business...
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