Reorganize or bust

Article Abstract:

Newly privatized companies in eastern Europe without the support of foreign investors need to reorganize to survive. In the US, many flagging businesses unable to ward off bankruptcy through short-term bank loans are saved by worker-management buy-outs. Rather than see their organization liquidated, employees pool their resources to buy company shares and participate in the management of the business. This type of reorganization has not only proven to be an effective strategy for survival, but also for increasing profitability. The American experience, however, may not apply in eastern Europe considering the region's bleak business climate. Worker-management buyouts may have a better chance of succeeding if state-owned companies in the former communist countries are reorganized into smaller units manufacturing a limited number of items.

Methods, Management, Eastern Europe, Employee ownership, Management buyouts, Corporate reorganizations, Europe, Eastern

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In the eye of the beholder

Article Abstract:

The retina is the means by which we convert light into signals, which percolate into our brains via the optic nerves, and it is through these means that the monitor of our computer transmits information to our brain. However now colored images are scanned into our retina, by means of semiconductor lasers or special light emitting diodes, making it the most efficient manner to get an image into our brains.

Analysis, Usage, Design and construction, Brain research, Personal information management systems, Personal information management software

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Social Security: no crisis: but we do need to take steps now to assure its future solvency

Article Abstract:

Social Security should be revised soon so that the plan can remain solvent for future generations. The Advisory Council on Social Security has come up with three plans, all of which involve investing some funds in stocks. AARP believes individuals should not be forced to make investment decisions.

Planning, Finance, Column, Retirement income, Social security

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