Word: mercerized
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...November alone, pension plans lost about $130 billion, marking the second consecutive month of record declines, according to a new report from Mercer, the financial consulting firm. The companies Mercer studied - those in the Standard & Poor's 1,500 index, which includes household names like 3M and Coca Cola - reported their pension plans ended 2007 with a $60 billion surplus. So the swiftness of this year's decline is astonishing. (Read "Is It OK to Pray for Your...
...Admission is a steep $22, but the money buys you a look at David Byrne's Stop Making Sense suit, letters between Paul Simon and Art Garfunkel when they were teenagers, and a urinal from CBGBs, the legendary Lower East Side punk-rock club, which closed in 2006. 76 Mercer Street, New York City...
...picked up nine rebounds and four steals to go along with his barrage of points. It was the second year in a row he set a career high in points in the home opener—he scored 23 points in last year’s win against Mercer.“What more can you say about Jeremy Lin?” Harvard coach Tommy Amaker said. “We think he’s one of the best players in our league—if not the best player.”Lin was solid from behind...
...Mercer's recent national survey of employers, overall health benefit costs rose 11.6% in 2008 for government employers, compared with just 6% for employers overall. High rates of unionization and collective bargaining account for some of the discrepancy, but weak watchdogs play a role too. (See "America's Health Checkup...
...benefit gap continues to expand in part because governments face a steady ramping up of collective bargaining demands. "Decisions about benefits changes can't be made instantaneously as they can be in the private sector," says Blaine Bos, a consultant for Mercer based in Minneapolis, Minn. Instead, government agencies have to battle bit by bit for benefit trims that employees can collectively counter by marshaling great passion. In 2005 when California's Governor Schwarzenegger tried to radically reform the state's expensive pension plan, he met a firestorm of protest from unions, and ultimately backed down...