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...mean sacrifices for workers. In many instances, employees accept wage concessions in return for their stock. The United Steelworkers of America has saved dozens of failing mills in such wage- for-stock trade-offs. In distressed industries faced with low-wage foreign competition, says James Smith, a U.S.W. staffer in Pittsburgh, "one of the ways American workers can compete is by having some investment income along with a lower labor income." But an ESOP is no guarantee that a company will thrive. Despite its stock plan, New Jersey's Hyatt Clark Industries, a ball- bearing maker, collapsed in 1987 because...

Author: /time Magazine | Title: They Own the Place | 2/6/1989 | See Source »

...fantastic experience," says Elizabeth Oye, former field staffer. Stationed in Kisumu, a town in Western Kenya near Lake Victoria, Oye worked to keep church groups directing the harambee schools in touch with World Teach, completing paperwork for American volunteers and training new teachers...

Author: By Amy B. Shuffelton, | Title: Teaching Children in the Heart of Africa | 2/4/1989 | See Source »

...push, Congress seemed unwilling to alienate motorists, which in the U.S. is practically everybody. When California Democrat Glenn Anderson introduced a House resolution opposing any increase last year, he quickly picked up 122 co-sponsors. Anderson plans to offer the nonbinding measure again this week. Says a congressional staffer: "The idea is to send a signal that increasing the gas tax is not the easy...

Author: /time Magazine | Title: Fueling Up a Brawl: U.S. gas tax | 1/23/1989 | See Source »

...probably go forever unfulfilled. After spending nearly 25 months and an estimated $13 million investigating North's role in the illegal diversion of profits from a secret Iranian arms sale to the Nicaraguan contras, Walsh suddenly moved to drop the most serious charges against the former National Security Council staffer. The independent counsel's action made it all but certain that the total dimensions of the scandal will never be aired in court...

Author: /time Magazine | Title: Giving In to Graymail: Oliver North's Legal Strategy | 1/16/1989 | See Source »

...Look, planes!" Fortunately for the TIME staffer accompanying Yasser Arafat on his flight across the Middle East last week, they were not Israeli aircraft, which Arafat charges have recently been trying to ambush him. They were Turkish jet fighters, 16 of them, and they rose in waves to provide a protective escort as Arafat's plane flew over the Iraqi border and into Turkey. The U.S.-made F-16s hugged Arafat's wing tips, and their pilots saluted the Palestinian leader. "They were so close, I could see their eyes," recalls Murray Gart, the TIME senior correspondent on board Arafat...

Author: /time Magazine | Title: From the Publisher: Nov 7 1988 | 11/7/1988 | See Source »

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