Word: rifkin
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...values and interpretations, both the Eastern religious-humanistic psychologies and the Pentecosal movement challenge the prevailing scientific-secular-liberal orthodoxy. Liberalism is founded on the notion of progress, specifically a bigger and tastier economic pie each year, made possible by the ever-expanding industrial machine. But now, according to Rifkin...
DESPITE EXTENSIVE documentation, Rifkin's argument suffers from a lack of clarity and a dose of wishful thinking. According to his model of America's two Great Awakenings, the Christian revival movement of the 1730s and 1820s, charismatic preachers first break the hold of the established orthodoxy through a return to the core religion of estatic experience, and then the theologians construct a new doctrinal synthesis. The process is like pushing Humpty Dumpty off the church wall so he cracks and his yolk runs down the block and then gathering it all up and making scrambled eggs for the congregation...
...interest of the participants and beneficiaries." While activists may argue that preserving union jobs and the long-term economic viability of urban areas is a legitimate financial interest of union members, socially-oriented investment decisions might invite class-action suits by members pursuing a narrower interpretation of the law. Rifkin and Barber suggest that unions could continue to maximize returns by confining their investments to companies with desirable labor policies within the Fortune 500. ERISA administrator Ian Lanoff appears sympathetic to this viewpoint...
...their 1978 manifesto The North Will Rise Again, Jeremy Rifkin and Randy Barber estimated that "over $200 billion in pension-fund capital comes from the combined deferred savings of 19 million union members and the public employee funds of the 16 states that make up the northeast/midwest corridor." All pension-fund portfolios could total $1.3 trillion by the late 1980s, controlling half the securities of U.S. industry, according to recent calculations in Fortune magazine...
American Television and Communications, the No. 2 MSO, with nearly 1 million subscribers, has been growing continuously since Rifkin put it together in 1968. During the last fiscal year, it increased revenues 34%, to $71 million, and profit 65%, to $10 million. At the end of 1978, Time Inc. completed a buyout of A.T.C. for a total price of $179.6 million. Among other things the acquisition added to A.T.C. the 100,000 subscribers of Manhattan Cable, which Time Inc. had bought earlier. Unlike Teleprompter, which is concentrating largely on adding subscribers in areas where it already operates, A.T.C. is eagerly...