Word: lowered
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Dates: during 1990-1999
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...discrimination illegal. But in a landmark 1993 decision involving a pension-vesting case, the U.S. Supreme Court made it much more difficult to prove age was the cause of a layoff. After the ruling it became easier for an employer to cut payroll by replacing higher-salaried workers with lower-paid ones--even if those let go are all much older than the employees who take their place...
...lower courts too "there has been a vast increase in the number of summary judgments against plaintiffs" alleging age discrimination, says Eric Nelson, a New York attorney specializing in employment law. Chicago lawyer Taren adds that some courts have even interpreted employer comments such as, "This company is looking for young blood," or, "You can't teach an old dog new tricks," to be innocent remarks rather than evidence of serious bias. The upshot is that if an age-discrimination case is to succeed, an employer virtually has to tell a worker in so many words, "We don't want...
...currency controls and save the embattled Malaysian ringgit simply by removing it from the fray. The theory is attractive, especially to the prickly Mahathir: An inconvertible currency can't come under attack by evil foreign speculators, and that frees the safely walled-in government to take a deep breath, lower its internal interest rates, and pull itself out of recession by stimulating domestic growth -? without subjecting its every move to the brutish vagaries of the global marketplace...
...TIME/CNN poll, 69% say they know at least one husband who has strayed; 60% say they know at least one wife who has been unfaithful. Of those respondents, 62% said they "thought less" of the adulterous husbands, while 56% "thought less" of the adulterous wives. These numbers are significantly lower than the previously cited condemnations of adultery in the abstract, suggesting that Americans tend to follow the dictum of hating the sin, not the sinner...
...that's terrific news. In general, it means you get access to timely research, lower commissions, better service and, increasingly, Wall Street's top money managers. A few years ago, Warren Buffett created a lower-priced Berkshire Hathaway stock, dubbed "Baby Berkshires," to satisfy retail demand. Now the venerable pension-fund manager Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF), also known as the Teachers, has gone downmarket...