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...difficult enough. When the HELP WANTED signs went up, 40,000 people applied for 2,000 jobs. All were selected on the basis of an 8-hr. evaluation session that measured teamwork skills and behavior as well as technical ability. Each successful candidate was given a minimum of 375 hours of training, and 60% of the team leaders were sent overseas to study at other GM plants...

Author: /time Magazine | Title: The China Drive | 5/22/2000 | See Source »

...credit report, or should have, and could see that they already owed three or four other credit cards $3,000, to $4,000, to $5,000. They were already $15,000 in debt, and the banks continued to raise [the family's] credit limits because they are making the minimum payments. Once a family is over 30% debt-to-income ratio, it should stop using unsecured credit. But people don't know that. They think that because they've been approved for this higher credit limit, they can manage it." Because many people pay only the minimum amount...

Author: /time Magazine | Title: Big Money & Politics: Who Gets Hurt?: Soaked By Congress | 5/15/2000 | See Source »

Consumer advocates urged Congress to include in the legislation a provision requiring credit-card companies to spell out on each monthly statement the number of years it would take a cardholder to pay off the debt by making minimum payments, and how much that would cost overall. But that proposal went nowhere because it was opposed by the credit-card industry. The Senate version of the bill requires companies to include on monthly statements a toll-free number that cardholders can call to find out how long it would take them to pay off their loan...

Author: /time Magazine | Title: Big Money & Politics: Who Gets Hurt?: Soaked By Congress | 5/15/2000 | See Source »

When movie, TV and radio actors went on strike last week over the issue of residuals for commercials, it was hard to rustle up public concern. After all, these are the unions' worker ants, those who make about $475 a day minimum and can't hold up hit prime-time shows with demands for million-dollar raises. So it helped when TIGER WOODS, golf superstar, Nike spokesman--and Screen Actors Guild member--refused to cross the picket line to shoot a Nike commercial at the Isleworth Country Club in Orlando, Fla., his home course. Nike hopes to reschedule; Woods says...

Author: /time Magazine | Title: People: May 15, 2000 | 5/15/2000 | See Source »

...site) - which control 85 percent of the $15 billion CD market, settled with the FTC Wednesday on charges that they've been leaning for years on music retailers to fix CD prices by threatening to withhold promotional budgets from stores that don't adhere to a so-called "minimum advertised price" (MAP). The three-year price-fixing binge, according to FTC chairman Robert Pitofsky, cost consumers a total of $480 million. The MAP programs will now cease, and teen-idol fans will now have more money in their piggy banks...

Author: /time Magazine | Title: CD Makers Aim to Be Small Targets for Trustbusters | 5/11/2000 | See Source »

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