Word: money
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...reason given for postponing retirement has shifted in the past year. In 2008, the most popular reason cited was "to stay mentally active," which was given by 83% of those surveyed. Today, however, the top reason is "to earn enough money to live well," cited by 84%. That need for ongoing funding could have wide-ranging effects on the workplace. "You're going to see older Americans in the workforce longer, and that has implications for the entry level of the workforce," he says. (See 10 perfect jobs for the recession - and after...
...survey found a sharp drop in confidence among working Americans. Only 40% of them said they were "very confident" that they'd have enough money to cover basic living expenses in retirement, while 25% felt confident they'd have enough cash to pursue hobbies and interests, and 28% expressed a high level of confidence that they had done a good job preparing for retirement...
...group, which has long condemned Harvard Management Company for paying what it says are exorbitant bonuses, called on Harvard to report how much of that money has been retracted after the endowment’s recent underperformance. According to HMC’s policies, which emphasize sustained, long-term growth, internal investment managers are awarded bonuses if they grow the value of the endowment above benchmarks set by the HMC Board, but those bonuses can be retracted in later years if the fund underperforms benchmarks...
...tone has been relentlessly negative, with Christie accusing Corzine of being an enabler of the corruption that has long stained the state's politics and this summer resulted in the arrests of numerous local and state public officials. Corzine, who is sinking an estimated $25 million of his own money into the campaign, has accused Christie of politicizing the attorney's office and has attacked Christie with one ad that not so subtly makes light of his generous girth; the unflattering video is matched with the claim that the former U.S. Attorney "threw his weight around...
...families back in their home countries. Noa Kaufman of the Israeli Children pressure group, says Israel encourages deporting workers after five years or when they have children. But then those departing workers are simply replaced by new arrivals who go through the same turmoil. "The recruitment companies only get money for new workers. If a worker moves jobs once he's here, the recruitment company doesn't get any money," she says. "It doesn't make sense that there is no naturalization process for someone who was born here or someone who lived here as a refugee for 10 years...