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There is no starker example of the phenomenon of corporate welfare and vanishing jobs than General Electric Co. In 1986 GE, fresh from acquiring RCA, employed 288,000 workers in this country. By 1997 the number had fallen to 165,000. During the period that GE cut those 123,000 jobs in the U.S.--43% of its workforce--the company collected several billion dollars in corporate welfare...

Author: /time Magazine | Title: Corporate Welfare: Fantasy Islands | 11/16/1998 | See Source »

Thirty years have vanished since then, but that image has not. It seems even starker with age. The busboy was almost angelic in that white service coat, his eyes drained of innocence, the background a dark blur...

Author: /time Magazine | Title: Guarding The Dream | 6/8/1998 | See Source »

Speaking of big changes, a happy JOE FIRESTONE writes from his private room at the Hospital for Special Surgery that he is no longer a man, and ED STARKER, still at Goldman Sachs, reports that he is no longer black. Ed had been slated to join the Clinton Administration at Treasury, but now it seems all bets are off. Best of luck to both Ed and DOROTHY, which is Joe's new name...

Author: /time Magazine | Title: CLASS TRASH | 5/5/1997 | See Source »

...Penn's tuition rose in concert; in 1981 they parted company. From the 1980-81 school year--when Meyerson retired--to the next, Penn's base tuition increased 15%, to $6,900, far more than the 10.3% boost in the cost of living. The following year the disparity became starker. Penn's tuition rose 16%, 2 1/2 times the slowing rate of inflation and more than three times the growth in median family income...

Author: /time Magazine | Title: WHY COLLEGES COST TOO MUCH | 3/17/1997 | See Source »

...falsities, of course, freeze-frame displays of institutional continuity. (A nickel, please, for every TV commentator who used the phrase "orderly passage of power.") But this Inauguration Day seemed more of a pretense than usual--the disjuncture between what was going on and what was really going on starker, like one of those neo-Freudian sophomoric plays of the 1950s in which characters speak their lines, then say what they are thinking under the lines...

Author: /time Magazine | Title: THE INAUGURAL BILL | 2/3/1997 | See Source »

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