| Show it ' it rj ( ! : rip 2fc Salt ake ribtme SUNDAYNovember 30 1997 Section E MOTLEY FOOL Page HUMBERTO CRUZ E-- 2 Page TRENDS E-- 3 The Name of the Games Is Commerce Compiled by Cherrill Crosby THE TRAUMA OF JOB LOSS I 1 Losing a job can be as traumatic as losing a beloved relative or friend but or society doesnt offer the laid-of- f fired employee the kind of support that is available following a death But J Damian Birkel author of the book Career Bounce-Bacsays workers who lose their jobs go through the same kind of stages shock denial fear anger bargaining depression and acthat Dr Elisabeth Kubler-Ros- s ceptance has outlined in her works on death and dying Birkel says those who have lost their jobs will find themselves going through waves of emotions that they need to confront and manage Doing that he says is the first step toward regaining control of their lives and ultimately toward finding another job The Associated Press k a Merchandise: Olympic Officials Get Set to Fight Counterfeiters and the man who oversees ambush marketing But next time the Postal Service will have to play by the rules And so will everybody else Utahs organizers for the 2002 Winter Olympic Games are taking seriously the potential for counterfeit merchandise during the next four years An estimated $12 million in bogus Olympic products hit the shores of the United States by last year virtually all of it targeted for sales during the 1996 Summer Games in Atlanta Roughly $9 million of that was seized by customs officers in America and destroyed says Krimsky That is a concern to the Salt Lake Organizing Committee (SLOC) which hopes to earn about $35 million in royalty income from the sale of autho- BY JAY BALTEZORE THE SALT LAKE TRIBUNE The US Postal Service caused a ruckus last year when it began selling and hats that depicted Olym- pic athletes and Olympic themes Images on the shirts bore a striking resemblance to those on postage stamps which the Postal Service sold in its retail post offices Olympic organizers claimed the Postal Service had signed a licensing agreement only for stamps not shirts hats or anything else bearing Olympic-relateimages d ON TO A POSH RESORT Santa will skip the home of Garry and Barbara Marshall in Toluca Lake Calif this year Instead the bearded one will arrive by outrigger canoe on the beach of the Kahala Mandarin Oriental hotel in Honolulu And the Marshalls will be there with their grown children and twin grandchildren Holia time days used to be sacrosanct when everyone went to grandmas says Carolyn Sweeney a travel agent for Cruises Inc in Houston But now growing numbers of families are going over the river through the woods and all the way to a spiffy resort They are trimming trees in hotel rooms trading moms turkey for the hotels version and spending money on lift tickets and diving lessons instead of sweaters and CDs More and more families have two incomes and extra money says Sweeney So a trip that once seemed extravagant is now within reach And increasingly grandparents such as the Marshalls are making offers few can refuse: They pay for the trip The Wall Street Journal That squabble received plenty of attention Vendors: Do You Want to Sell To SLOC? Better Get Online with the US Olympic Committee (USOC) and the Atlanta Committee for the Olympic Games (ACOG) accusing the Postal Service of ambush marketor using valuable syming bols or images to sell products rized emblem-embosse- BY MIKE GORRELL The next time the Salt Lake Organizing Committee (SLOC) needs supplies for its copiers and laser printers Tym wants a shot at the business So Suprise logged on to the Internet at a recent trade show called up SLOCs Web site (wwwslc2002org) and entered her company Data Marketing on a new Su-pri- vendor-registratio- stock for copiers printers and faxes SLOC Administrative Services Director Marcie y will call up the registraGib-bone- tion database and notify d See LOGO Page Games officials hope distinctive price tags will foil product counterfeiters E-- 4 8Mn'MD:RETtfl$MEIT BOUNCE BACK YO-YO- S kids these days are going around the world and shooting for the moon They are walking the dog eating all spaghetti and rocking the baby Yo-ys with the help of their are a hit again and sure to be a big r stocking-stuffefor Christmas At Carrie E Tompkins Elementary School in NY there is such a yo-y- o craze that Principal Lauren Als lan had to ban from school Weve got about 650 kids grounds and about 550 s Allan said The o has a long history of comebacks The first record of the toy comes from a Grecian urn dated about 450 BC and depicting a young person playing with a y In yo-y- o Europe Napoleons troops entertained themselves s with between battles Donald Duncan founder of Duncan Toys Co started producing them in the United States in the 1920s after he saw a Philippine immigrant entertaining a crowd with yo-y- o tricks The Associated Press Cool The money disparity between male and female workers continues in retirement A look at the situation: Croton-on-Hudso- Another genaer WOMEN: yo-yo- Live longer Life expectancy at Women Men n age 65: 19yrs 16yrs r but arent prepared yo-yo- yo-yo- Men U JA Women Men ft 45 or confident about retirement M 1 Workers with confidence in retirement prospects: ttliSi Women HAPPY MANAGERS 32 Men Many managers who work part time say they are happier and more productive than when they worked traditional e even though their hours job duties may not have slackened and in some cases have increased Those were some of the findings of a three-yea- r study recently released by Catalyst a research organization in New York that promotes women in business After interviewing more than 2000 men and women in white-colljobs at four undisclosed Fortune 100 firms Catalyst found just 1 percent of the participants now work part time The overwhelming majority of however are women In fact three times as many female managers as male supervisors reported working a voluntary reduced schedule And a number of women 36 percent said they had worked part time in the past or plan to in the future said Catalyst President Sheila Wellington The Sacramento Bee They count on Social Security full-tim- Social Security as share of total income for those 65 and over: K Women Men ' Why women need h to save and plan t nn 42 "" because they Percent of retirees collecting own pension: Women r H Women more likely to give up job and benefits when spouse is relocated W Women tend to invest conservatively Women who do get retirement benefits receive much less than men Women dont have role models for retirement planning 8 II JJJJ part-time- Men ' i J or set Smaller bfiecks" y Median pension benefit new retirees: Women Men ' Ex-Steelwork- uj 7 $9600 federal worker Vvw' SOURCES Labor Dept Census Bureau The Sj Study o( a IN SUPERMARKET AISLES Taking on Wm Wrigley Jr Co in the gum category may well be a mission impossible Yet Arm & Hammer a brand most visible as a baking soda and perhaps lesser known as a toothpaste deodorant and detergent is set to march into the national market in the first few months of 1998 with a pellet chewing connection gum The toothpaste-gutouted as a plaque reducer may lure consumers at least for trial but Wrigley is Wrigley a heavily promoted brand that sells 50 percent of the $25 billion gum market in the US There is other competition of course like Den-tyn- e Trident and Carefree just to mention a few of the labels Church & Dwight parent of this chew dubbed Arm & Hammer Dental Care gum earlier this year entered minimarkets in Massachusetts Iowa Texas and California to determine consumer response The Chicago Tribune Women change jobs or leave work force more often than men have less chance to qualify for benefits Women tend to work in jobs that tort jk don't provide retirement benefits t dont have pensions ar rk Working Woman a Guide to Retirement Planrnrjjj Tnbdne nl Knight-Ridde- r RA i f list" Gibboney said There are a lot of things we know well need This registration list is way to keep all of that information in a single The online process place will ensure that SLOC provides a fair and equitable opportunity to potential vendors After calling up SLOCs Web page a company may register by clicking on "Business Opportunities and going through a series of steps that lead to a form seeking mfor- See VENDORS Page E-- 4 ZALD1VAR NEWS SERVICE retirement-saving- are scared that are they going to he hag "Women ladies s Though she is 67 Margaret McCoy still works part time as a secretary to supplement her Social Security She shares her home with a tenant and considers the rent money her pension Marian Plain after seeing her widowed mother work until age 75 plunged into her own retirement planning That was 10 years ago and now at 51 the college administrator has saved enough to retire early Youve got to be able to take care of yourself she said For every woman who is as confident about retirement as Plain there are many more just starting out like Meister or having to catch up like McCoy American women face a gender gap in retirement thats wider than the income difference encountered at work Since the 1970s women have become part of the fabric of the workplace But in the next 20 years many baby-boowomen could be left holding a tissue of their retirement dreams with consequences for government and employer retirement programs as well as private lives Women tend to live longer than men so they need more savings Yet many things hurt women on the retirement front: even wealthy women Cindy Hounsell Womens advocate as a cook u bid groups that plan But she can put in only $30 a week because shes also raising three daughters on her earnings 51 panies so they can take advantage of the Internet by among many other things knowing how to get onto SLOCs vendor list electronically Gibboneys job has been simplified by the electronic listing too I was thrilled because I dont have the staff to support a manual registration process Purchases from vendors will remain limited for two more years But as the Games draw near SLOC will need a plethora of goods and services beyond those provided by official sponsors and suppliers We get a lot of calls from folks who want to be on the For Many Women Retirement Does Not Mean Security offers a Workers investing in stock plans: production of the 2002 Winter Olympics The conference also emphasized the importance of computer literacy for small com- SLOC wants included in the $1 WASHINGTON Julie Meis-te- r at 37 finally has a job that Women yo-yo- minorities BY workers building up benefits: 19th-centur- signed-u- p vendors includthat bids are being Suprise ing sought I want to sell them all the supplies they use in their office said Suprise whose South Salt Lake business employs four If were not on their vendor list they don't know we exist and we cant sell them anything Similar thinking prompted 31 companies to break in SLOCs new registration process earlier this month at the Utah Supplier Development Conference The forum focused on small Utah firms and those owned by women and KNIGHT-RIDDE- e yo-y- n list Now when the Organizing Committee has to replenish its clothing and keepsakes during the next four years Those would include products ranging from ashtrays to winter parkas Whatever slips through the eyes of SLOC and the USOC presumably will chip away at that royalty figure and dilute the merchandising power of the Olympic rings and SLOCs new 2002 emblem We are not naive enough to know there wont be people trying to take advantage of without paying for the rights to them Postal directors called the allegation an overreaction Eventually the USOC allowed the Postal Service to sell what it had in nonstamp merchandise but that would be it They had already produced a small supply of shirts and hats and we did not want to penalize the vendor says John Krimsky business-affair- s director for the USOC billion-plu- s THE SALT LAKE TRIBUNE I Tips for retirement 3 concentration in lower-paiand part-tim- e jobs with no retirement benefits career interruptions to take care of family and a tendency to avoid risky investments that deliver bigger returns Women are scared that they are going to be hag ladies even wealthy women said Cindy Hounsell director of the Women's Institute for a Secure Retirement a Washington-base- d research and advocacy group Elderly women are about twice as likely to be poor as elderly men While working women typically earn 74 cents for every dollar men make the pension gap is much larger The median annual benefit for newly retired women is $4800 or half that of men's at $9600 Moreover seven out of 10 retired women lack a pension compared with fewer than half of men Women are more likely to work in jobs that don't provide pensions such as part-tim- e d See GENDER GAP Page E-- 3 Say Lawyer Owes Them ers BY BRIAN MAFFLY m THE SALT LAKE TRIBUNE PROVO Springville attorney Allen Young helped win $47 million for hundreds of steelworkers who lost retire- ment benefits and their jobs when United States Steel Corp (USX) idled its Orem plant 11 years ago But five of Youngs former clients now allege he coerced them into accepting the 1995 settlement and spent $18 million on unauthorized costs Young also purportedly owes three former clients Thomas Chamberlain Randy Pace and Moses Shepherd more than $1 million in finders fees for their help in signing up 2000 clients their 4th District lawsuit states These three plaintiffs are joined by workers Janet McDermott and Leo Ault in a quest for more than $4 million from Young for alleged defamation emotional dis tress breach of contract deceit and racketeering Young stands by the legal work and vehemently dean nies offering anyone a bonus to secure more clients unethical arrangement that would get any lawyer in trouble with the bar You cant please everyone said Young one of six attorneys who shared $15 million in fees If its only five of 2000 people I helped Im pretty proud The dispute offers a lesson in the difficulty of litigating a massive case with so many plaintiffs The USX litigation actually was 2003 individual cases heard before US District Judge Bruce Jenkins The litigation began in 1987 the year after USX closed its Geneva Works in Orem putting thousands out of work See 1 fpQOR COE A AiA Page E-- 6 Rick Egan The Salt Lake Tribune Lawyer Allen Young helped win millions for workers but not all his former clients are happy |
