Word: reich
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Labor Secretary Robert Reich has warned that legal loopholes encourage some companies "to avoid their responsibility to train U.S. workers for these important high-tech jobs." But to executives who say they cannot find enough homegrown employees to design computers and other advanced products, the Simpson bill is a dangerous threat to America's technological edge. "Instead of building a bridge, this whole effort is carving out a moat," says NAM's Eisen...
...wheel of his Chevy Cavalier. The cops asked him some questions. His answers led them to a mobile home where Meadows' friend James Norman Burmeister was renting a room. There they found a Nazi flag, bombmaking books and white-supremacist literature, including a thick volume on the Third Reich on Burmeister's nightstand. They also found something else: a 9-mm pistol that they believed was used to kill Jackie Burden, 27, and her friend Michael James...
...recovered $3.5 million of plundered assets. While the probes involve a tiny fraction of the nation's 250,000 401(k) plans, they have revealed a disturbing pattern. "We have been surprised at both the number of complaints and the percentage that have been substantiated," Labor Secretary Robert Reich said last week. Investigators have found merit in 401(k) complaints at twice the normal rate for Labor Department inquiries. Often the money has been diverted for the most venal purposes. "Some companies," notes Assistant Labor Secretary Olena Berg, "have been using the money for hunting trips and lavish life-styles...
...Reich says workers should pay close attention to their 401(k) statements and note if they are consistently late or come at irregular intervals. Other possible trouble signs, he observes, range from sharp drops in balances to frequent and unexplained changes in investment managers or consultants. "When employers know that employees are watching," Reich says, "they might refrain from certain temptations...
...finally, we need to craft a new social compact between labor and management, one that gives workers on-the-job training as well as a share in productivity gains. This is our agenda, and it's the only one of the three that makes sense for America. ROBERT B. REICH Secretary of Labor Washington...