Word: ageing
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Dates: during 1990-1999
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...Jerry Falwell mellowing with age? Sort of. The edge has dropped from his voice a bit. The Christian conservative movement he helped start 20 years ago became a political and financial giant, but Falwell believes it also has sometimes gone too far in its rhetoric. "If we are to have a real Christian witness to millions of gay and lesbian people," he says--abandoning such terms as "homosexual deviants"--"we have to use our language carefully...
...employer retirement plans, the typical account has 61% in stocks. Most people should have at least 70% of their long-term savings in stocks--up to 85% if you are under age 50. If you're in good health, wait at least until age 65 to scale back. With a life expectancy into the 80s, you have lots of time...
...Nearly half of all stockholders are baby boomers, the oldest of whom are just 11 years from retirement age. We're getting perilously close to the day when boomers will slow or, gads, reverse their stock purchases. When that day comes, I believe the market will enter a long period of subpar returns...
...median stock holding for those under 35 is $11,900; for those age 64 or older, $62,500. That infers abysmal yearly growth of about 5% and no additional savings over decades. Three possible explanations: today's young are saving more, pre-retirees are spendthrifts, or the elder set is shifting to conservative investments too early. My hunch is it's the latter, and that's one way to come up short...
...dying on her Paris daybed at age 81, Colette, so rarely at a loss for words, spoke her final one. "Regarde!" she said, sweeping her arm through the air. It is hard to imagine a more apt pronouncement, for by the time of her death in 1954, Sidonie-Gabrielle Colette had lived, loved, rebelled and certainly seen more than most. And in six decades of writing, she also conveyed what she witnessed to thousands of readers, producing some 80 volumes of fiction, essays, memoirs and drama that made her one of France's most beloved authors...