Word: startup
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Dates: during 1990-1999
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Another unusual source: the unemployment office. In an adventurous experiment, the states of Massachusetts and Washington are letting the jobless use their unemployment benefits as startup capital. Instead of paying the participants the usual biweekly unemployment checks for six months, Washington State gives them one lump sum. In its Self-Employment and Enterprise Development project, 450 jobless workers since 1989 have collected lump-sum payments averaging $4,200. Among the SEED startups: a plumbing business, a money-management firm, a landscaping company and a tanning salon. Ronald Wilmoth, 43, used his $7,000 check as part of his financing...
Chamorro's plan to allow the creation of private banks, illegal since the Sandinista Revolution in 1979, could help provide needed startup capital for emerging small firms. Many foreign banks, including several from Mexico, have expressed interest in entering the Nicaraguan lending market...
Both of these assumptions are naive. The same economic conditions that caused companies to invest in South Africa will no longer exist--cheap labor, cheap startup costs. Therefore, if divestment continues, even a majority-led South African government will have its hands tied...