Word: affords
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Dates: during 2000-2009
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That was two years ago. Now the payment stream from her business has come to its scheduled end, and Parry's plan has fallen apart. Her accountant recently floored her with awful news: the stock market has whacked her savings to $600,000, and she can no longer afford the lifestyle she had tasted so briefly. "I'm looking for part-time work," she says bitterly. "But something tells me it will end up being full-time work...
...return to work and have confronted the next generation--the baby boomers, turning 50 at the rate of 10,000 a day--with dire financial issues for the first time in their lives. Can they ever retire? If so, when? What kind of lifestyle will they be able to afford? A powerful set of trends will leave many of them unable to call it quits until after they turn 70--possibly long after...
...hiring slump, the average job search for those over 50 fell to less than three months for the first time in memory, according to outplacement firm Challenger, Gray & Christmas. "Companies are looking ahead," says its CEO, John Challenger, who foresees a worker shortage as the boomers who can afford to retire do so and the much smaller Generation X proves unable to fill the gap. So, whether they like it or not, the boomers who can't afford to quit working will give the economy just what it needs...
...told ourselves that facing our mortality changed our attitudes toward work and life. Yet here we are, still working in those office towers, still catching those planes. This is the paradox of our post-9/11 "reprioritizing": America - credit-addicted, 25-brands-of-toothpaste-on-the-shelf America - cannot afford for us to examine our lives too closely. Our way of life is predicated on our not taking stock; not getting off the career-overtime-promotion hamster wheel; not, God forbid, living each day as if it might be our last. Because who would spend that day in an airless...
...troops in Saudi Arabia must frighten the royal family. While the princes occasionally grumble about the risks associated with a U.S. troop presence in Saudi Arabia-namely, bin Laden's demand that the House of Saud be deposed for hosting the infidels-the Saudis know they can't afford to lose the guarantee of U.S. protection. Since the Gulf War, the kingdom has spent $270 billion on high-tech weapons, but its forces still lack the training and skills to make them work. As a result, the regime is helpless against external threats, and Iran could become one even...