Word: bonde
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...doesn't have to be subjected to the same rigorous evaluation as other investments. In theory, your retirement house won't be sold until you're not here to worry about it anymore. What do you care about the rate of return? You're buying a lifestyle, not a bond...
...Create a National-Service Baby Bond Every time an American baby is born, the Federal Government would invest $5,000 in that child's name in a 529-type fund - the kind many Americans are already using for college savings. At a rate of return of 7% - the historic return for equities - that money would total roughly $19,000 by the time that baby reaches age 20. That money could be accessed between the ages of 18 and 25 on one condition: that he or she commits to at least one year of national or military service. Like...
...Create a Baby-Boomer Education Bond Over the next 20 years, 78 million baby boomers will be eligible to retire. That is, if they can afford to - and if they want to. According to an AARP survey, 80% of Americans between 50 and 60 said they were planning to work during retirement. "Many seniors are interested in careers that are influenced by a spirit of service. Over half want to work in the education, health-care and nonprofit sector," says Marc Freedman, founder and CEO of Civic Ventures and co-founder of Experience Corps. Experience Corps is the largest AmeriCorps...
...COST So how much would all this cost? There are about 4 million babies born each year, and if each receives a $5,000 baby bond, that would be about $20 billion a year; that is, roughly two months of funding for the Iraq war and about half what the government spends per year on the federal prison system. The government would get $1 billion in dividends from the investment and would be able to cash in the bonds that people don't use. At the same time, corporate America would need to play a critical role in a plan...
...parallel tracks. Both understand (although only one celebrates) that identification with Christ's extended suffering on the Cross, undertaken to redeem humanity, is a key aspect of Catholic spirituality. Teresa told her nuns that physical poverty ensured empathy in "giving themselves" to the suffering poor and established a stronger bond with Christ's redemptive agony. She wrote in 1951 that the Passion was the only aspect of Jesus' life that she was interested in sharing: "I want to ... drink ONLY [her emphasis] from His chalice of pain." And so she did, although by all indications...