Word: earns
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Dates: during 1990-1999
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...initial aim of the funds, which were developed in the 1950s, was to protect against market risk and earn greater return in times of sluggish stock-market performance. The notion had a simple elegance: If rich investors could cash in during booms by betting on winners, couldn't they profit during busts by betting against losers? The first funds were fairly simple, usually holding 50% of their assets in long-term investments that were expected to rise over time, and 50% in short positions in stocks or bonds that were considered overvalued. (In a basic short position a fund sells...
...opening was created in 1994 when Treasury concluded in a little-known ruling, unrelated to the travel industry, that an American company can invest in a foreign firm that has business in Cuba--as long as the U.S. investor is a minority holder and the foreign company doesn't earn most of its money in Cuba...
WINGING IT. United Airlines plans to hire 400 welfare recipients in slots from reservation clerks to cabin cleaners this year. The carrier has been using a nonprofit agency called GAIN (Greater Avenues to Independence) to recruit and train the newcomers, who earn from $5 to $10 an hour to start. To help smooth any turbulence, United assigns mentors to welfare hires for their first 60 days on the job. "Mentoring is the key to the whole welfare-to-work program," says Talani Wilson, 23, a new personnel clerk and single mother who had been spending six hours a day commuting...
...Just quit working. I'm nearly 66 and retired, but I earn too much now as a writer to qualify for a Social Security pension. If I were to loaf full time, however, I could collect about $15,000 a year...
...great inequities purposely ignored in the recent budget agreement. The working poor continue to pay far more than their fair share of the Social Security tax. That tax is levied--at a current rate of 6.2%--on only the first $65,400 of income, so those who earn more pay much less than 6.2% of their total earnings. The working poor pay the full 6.2% on every cent of their meager wages. And this is a merciless tax--no exemptions, no deductions, no credits. (One exception in the new tax bill: the working poor will get the $500-a-child...