Word: rung
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...eyes, the picture of the U.S. as a faltering giant has weakened America's authority to lead the free world, a leadership that Tokyo used to accept without question. These days, says a Foreign Ministry official, Japan is weary of being treated like a mindless "cash register" to be rung up when problems arise but not consulted or taken seriously by Washington. Miyazawa wanted to make that the focus of his talks with Bush during his recent visit, but the subject was mostly drowned out by the flap over trade...
...curtain has been rung down on the long-running farce starring would-be film mogul Giancarlo Parretti. Last week a Delaware judge confirmed Parretti's removal from the board of MGM-Pathe studios. A onetime waiter who bought the studio in 1990 for $1.3 billion, Parretti accumulated huge debts during his half-year tenure as CEO, forcing the company into involuntary bankruptcy. The studio's chief lender, the French bank Credit Lyonnais, pumped in $145 million to restore solvency but demanded his ouster. The Delaware judge agreed, condemning Parretti's mismanagement of the firm. The downward slide continued...
...company's lowest- paid worker. Clinton views most current worker-training schemes as virtually useless. "Roughly 70% of corporate training expenses serve only 10% of employees," says Rob Shapiro of the Progressive Policy Institute, a centrist think tank that is advising Clinton. "Companies are loath to train lower-rung employees for fear they'll leave for other jobs. Compelling all U.S. corporations to spend similar amounts on all employees would solve the problem...
...important goal [of federal policy] is to provide an economic ladder up," he said. "That ladder must reach down to the very bottom of the pile so that everyone has a chance to grab that bottom rung...
...back in hiring less skilled workers and attempt to make do with those they have. This substitution translates into an apparent increase in productivity, but leaves less skilled non-union workers out in the cold. Thus, unions also can have the effect of freezing out those on the bottom rung of an industry's job ladder...