Word: houstons
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...regular investors--long advised to buy stocks, diversify and stay patient--are taking the beating. Anna Weiss, 67, of Houston embodies the anxiety now taking hold across the country. "I saved for 30 years. I have saved and saved and saved so that I could afford some of the nice things that I never allowed myself when I was young," says the retired retail manager. "Now I find because of other people's stupidity that the money I have saved has shrunk...
...turmoil: the bear market of 2008 may have ended the spendthrift ways of the 80 million--strong boomer generation, which is now heading rapidly toward retirement, and refocused them on saving. "We must have a reset on consumer spending; frankly, it is out of control," says Daniel J. Houston, president of retirement investor services at Principal Financial Group in Des Moines, Iowa. The average contribution to a 401(k) plan is 7% of salary, yet the average person may need to save 13% to 15% of his salary to maintain his standard of living in retirement. For people 10 years...
...Royals, and Seattle Pilots (who moved to Milwaukee the following year and became the Brewers) giving both leagues twelve teams each. Prior to that year, the regular season champs from each league went straight to the World Series. So when cellar-dwellers like the New York Mets and the Houston Astros got stuck in ninth or tenth place early in the season, their pennant hopes were crushed by the middle...
...believe President Karzai has the power to order them out. In a meeting in Kabul, he says, Karzai offered to continue paying his father's salary every month. The Australian government says it is negotiating to pay compensation to Khan's family. ADF head Air Chief Marshal Angus Houston said, "We deeply regret [Khan's] death. We are working very closely with [Khan's] tribe to ensure that this has no far-reaching negative effects on our operations in the province of Oruzgan...
...Galveston Daily News proclaimed last week. The owner of Luke's had stayed on in his West End corner store, hoping to be there for his neighbors and customers after the storm passed. As Ike came ashore, he was injured, a bacterial infection set in and doctors in Houston had to amputate his lower leg. "The people of Galveston have a special resilience and toughness about them," Daily News publisher Dolph Tillotson wrote this week. "Perhaps that comes from generations of dealing with adversity. Fire, wind, water, disease and warfare have failed to dislodge the people of Galveston...