Word: closing
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Dates: during 2000-2009
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Social networks are powerful, but, the authors argue, online sites do not seem to be increasing how many close friends students have. In a study of Facebook pages at an unnamed university, students traded posts and photo tags with six and seven people, not far from sociologists’s estimate that people have four to six close friends in real life...
...Brief History of the 401(k) Congress was trying to close a loophole on executive bonuses when it created the 401(k). Most companies intended 401(k)s - which were originally called salary-reduction plans but then renamed for the portion of the tax code that makes them possible - to be a perk for highly paid executives, not a pension replacement. That's because lower-paid employees probably could not afford to defer a portion of their paychecks. So companies held on to their pension systems even as they added 401(k)s, which by law they had to make...
...High interest rates in the inflationary 1970s produced solid returns for Oxy's bond-heavy pension fund - so much so that Oxy's accountants figured the plan was overfunded by $600 million. For Oxy to get at that cash, pension laws required it to close its fund and start again. It did so with a far cheaper option: the employee-funded 401(k). The company made it clear that with the high interest rates at the time, Oxy employees could see their 401(k) account balances soar with little risk. Few doubted it - Oxy, like most other big companies...
Despite a descent into sluggish play to close the period, the Crimson still managed to escape with a 4-2 lead...
Despite a descent into sluggish play to close the period, the Crimson still managed to escape with a 4-2 lead...