Word: sunbelters
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...welath that could provide the solution to the capital squeeze facing the Graybelt. Pension assets, they point out, now constitute the largest single pool of capital in the world--over $500 billion. But this pool is almost solely controlled by the bankers and brokers who send it to the Sunbelt and to Taiwan. Because pensions are basically propping up the stock market--because the Fortune 500 are using those assets to contribute to the decline of the Northeast more burdensome state taxes--the authors suggest that the system is forcing the workers to contribute to their own undoing...
Kirkpatric Sales' Power Shift three years ago outlined the conflict developing between the North and the South over capital investment--the runaway shop, the declining Northeast industrial corridor, the advantages for corporation investment in the Sunbelt such as room to expand, right to work laws, and limited unionization. Rifkin and Barber, taking the inevitable scenario for their base, analyze the reasons behind declining union membership, the anti-northeast corporate strategy and the failures of the business unionism to address these issue, and introduce a new factor--social capital in pension funds...
...Powell in vest. Reporters off the street could get used to this, jokes Sperling, Questions come. Carter answers all. Does not reveal much new. What's new is the feeling, the hope. So much nicer to meet in respect. Reporters reflect concerns, prejudices of publications. Oklahoma asks about Sunbelt. Washington Post asks about secret documents. Detroit asks about Humphrey-Hawkins full employment bill. New York asks if Carter might help out in newspaper strike...
...lemonade-and yes, it turns out she won that too. Mrs. Haley is one of millions of "contesters" who compete yearly for the more than $100 million worth of prizes offered by U.S. advertisers to promote their products. Most contestants, like her, are retirees who have come to the Sunbelt after years of hard work in cold towns of the North and Midwest. They stay in touch with one another through a network of contesters' groups and subscribe to bulletins like the monthly Contest News-Letter (circ. 50,000) to keep abreast of events in the something-for-next...
Unions also face stiff and growingly effective employer resistance. In the Sunbelt, it sometimes turns intimidating. Melvin Tate, a Southern organizer, finds employees of J.P. Stevens & Co., the textile giant, fearful that Stevens will close any plant that votes in a union. Stevens bosses, says Tate, do not make that threat directly because it is illegal, but their wives and relatives pass the word in gossip. In the West, Chaikin charges, owners of some garment plants have prompted the U.S. Immigration Service to raid their own factories and arrest signers of union cards as illegal immigrants?which many indeed were...