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...Feldsteinesque eloquence, Kaustuv Sen correctly sings the laurels of capitalism. Certainly, capitalism has raised the standards of most people around the world, and those in banking and consulting play major roles in this effort. But have we done enough? Of all the money generated by capitalism, only a small portion trickles down to the disadvantaged people of the world. The vast majority of the money goes to executives, lawyers, bankers and other miniscule portions of the global community. While Sen accurately praises the value of capitalism, he should not congratulate himself too soon, because we can all still contribute...

Author: NO WRITER ATTRIBUTED | Title: Capitalism Helps the Few | 12/3/1998 | See Source »

University administrators defended the lowrate, nothing that while they may have been usinga smaller portion of the endowment, the actualdollar amount of the payout grew at about 10percent each year...

Author: By James Y. Stern, CRIMSON STAFF WRITERS | Title: University Loosens Purse Strings | 12/3/1998 | See Source »

...militarily dubious, the new tack played well politically. It pacified congressional critics who have clamored for Saddam's removal, and papered over any perception left by the bombing U-turn that the dictator was getting off scot-free. But a sizable portion of the capital took Clinton's pledge as political snake oil, a shift designed to make a show of doing something rather than actually doing anything...

Author: /time Magazine | Title: Taking Out Saddam | 11/30/1998 | See Source »

...years, the community devoted the major portion of its federal and state legacy and a good share of local money to providing improvements to keep the slaughtering plant in our community [for Seaboard and its predecessor]," says Sparks. "In retrospect," he says ruefully, "the money could have been better used...

Author: /time Magazine | Title: Corporate Welfare: The Empire Of The Pigs | 11/30/1998 | See Source »

...presented an unbalanced and inaccurate picture of ABB Instrumentation Inc. of Rochester, N.Y., in the portion of your report titled "When Factories Become Fixer-Uppers." In fact, the local area has benefited financially as a result of the support we were given by Monroe County, N.Y. It is true that the County of Monroe Industrial Development Agency issued $21 million in bonds to support the building of a new plant. However, the company repaid this in full upon the passing of title. It is also true that the company accepted $2 million in tax abatements. These have since ceased. Instead...

Author: /time Magazine | Title: Letters: Nov. 30, 1998 | 11/30/1998 | See Source »

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