Word: bonding
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...Better Returns. With Social Security, funds set aside for the future earn a minimal return over time, because the government invests them conservatively, in Treasury bonds. Investing in the stock and bond markets via private accounts could allow those dollars to grow faster...
PIERCE BROSNAN In The Matador, the man we've come to know as world-savior James Bond plays a hit man with a wardrobe (Speedo with boots, gold chain) that 007 wouldn't be caught dead...
...same time, the bond market may not be an obstacle. Snow heard caution but little naysaying when he made a pilgrimage to Wall Street last week. In a meeting on Tuesday with bond traders, he explained that the government might have to borrow $100 billion to $150 billion a year for 10 years to finance the new private accounts. Participants say the traders told Snow that the markets could easily absorb that much. As a bond executive said, "Mr. Secretary, that's a rounding error in our business...
...expect the U.S. stock and bond markets to be down in 2005. George Bush spent huge amounts of money in 2003 and 2004 to get the economy going. To top that is impossible, so we have to have the normal reaction and a slowdown...
Twixters expect to jump laterally from job to job and place to place until they find what they're looking for. The stable, quasi-parental bond between employer and employee is a thing of the past, and neither feels much obligation to make the relationship permanent. "They're well aware of the fact that they will not work for the same company for the rest of their life," says Bill Frey, a demographer with the Brookings Institution, a think tank based in Washington. "They don't think long-term about health care or Social Security. They're concerned about their...