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TIME: Almanac 1990
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1990 Time Magazine Compact Almanac, The (1991)(Time).iso
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120489
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12048900.013
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1990-09-19
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BUSINESS, Page 69Business NotesNEWSPAPERSThe Word on The Street
New York City is a tough town for newspaper competition, but
an upstart called Street News has a lot going for it. The monthly
newspaper features writers such as pop stars Patti LaBelle and
Gloria Estefan, and ads from Ben & Jerry's Ice Cream. Most
important, the non-profit Street News has a highly motivated,
50-member sales staff: homeless people who work strictly on
commission. To apply for the job, "you don't even need clean
clothes," says SN editor Hutchinson Persons, a rock musician and
founder of a coalition to help the homeless.
For each 75 cents issue sold, the salesperson keeps 55 cents,
including a nickel that goes into a mandatory savings plan that can
be used only to obtain an apartment. Some vendors earn more than
$200 a week. After selling 500 papers, the salespeople win a bonus:
a winter coat.