Word: rebuilding
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...dozens of mostly black and Latino students at the Maxine Waters Employment Preparation Center gathered for an open-air press conference in the school parking lot last month, Peter Ueberroth, the chairman of Rebuild L.A., lavished praise on executives of Japan's Pioneer Electronics (U.S.A.), who had just donated $600,000 to the Watts vocational school, created after the 1965 riots. "This company did this on their own," Ueberroth said, "because it should be good business for them to recognize the importance of the inner city...
Ueberroth, the high-profile former Olympresario and baseball commissioner, and Bakewell, a real estate developer turned community organizer, are on opposite ends of the daunting effort to rebuild South Central Los Angeles, torn apart three months ago in the most expensive riots in U.S. history. From his end, Ueberroth recognizes the need to break three decades of redlining, whereby big corporations, banks and insurance companies have systematically shunned South Central L.A. as an unprofitable business venue. From theirs, Bakewell and other black community leaders are struggling to ensure minority inclusion in the rebuilding process -- and ultimately in the renaissance...
...percent marginal tax hike on the wealthy and some cost-cutting--all in the hopes of slicing the budget deficit in half during his first term. Much of the plan is exactly what America needs: to move away from the borrow-and-spend Reagan-Bush years; to rebuild crumbling roads, bridges and other elements of the infrastructure; to provide tax credits for new investment, small businesses and research and development...
...disk (two or three times), plant, cultivate, spray and harvest. Now he makes four trips -- to plant, spray (twice) and harvest -- saving more than $25 an acre. He soon found that his yields went up 10% and something else even more precious: he was helping the land heal and rebuild its delicate mantle of topsoil, without which civilization as we know it would cease to exist...
Equally important is the need to boost the efficiency of lagging Russian industry through the acquisition of foreign technology. "As they try to rebuild their economy with even less money than before," notes Michael Kaser, the director of Oxford's Institute of Russian and Eastern European Studies, "it is more important to get free information instead of having to pay for it." Russia is targeting Western weapons systems, for example, in order to upgrade its surplus arms, which can then be sold abroad to earn desperately needed hard currency...