Word: pension
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Dates: during 1960-1969
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...meant it. He seemed hardly to care that Bobby Kennedy, with whom his relationship has been cool, would now try to step in as undisputed leader of the party in New York. Wagner's financial future was assured, if only because he is eligible for a sizable pension as a result of his many years as a public servant. While other Democrats fight it out, first against each other and then against Lindsay, Wagner will be able to sit back, presumably in the company of his sons and his new wife, and enjoy the spectacle...
Paternalism counts for as much in Europe as the paycheck-and can be almost as expensive. Fringe benefits, for example, add up to as much as 55% of the average salary, compared with only 16% in the U.S. Besides providing cradle-to-grave medical and pension plans, companies in Italy are also expected to provide such extras as summer camps at the shore, low-cost housing and nurseries for employed mothers. French companies with more than 15 employees are required by law to provide lunch at greatly reduced prices. A German is more likely to change jobs for a better...
...week for experienced reporters; 61 U.S. papers pay higher salaries, including the Kenosha News, the Napa Register, the Pontiac Press, the Gary Post-Tribune. The Sun life-insurance policy pays only $500 per employee-not enough to cover burial expenses. The papers' nine-year-old pension plan works out to less than $25 a month, and there is no company medical plan. Nor is there a dues checkoff or any form of union security...
...main reason that the Dow-Jones averages have not kept pace with other stocks is that the large institutions, which account for 25% of the market's trading and deal mostly in blue chips, have been sitting on their cash. Surveying the mutual funds, pension funds and insurance companies, E. F. Hutton & Co. found that, from January to April, 20 out of 25 of them sold more than they bought. In last week's surge, insiders spied a change in the institutions' attitude. Reported Bache & Co. to its customers: "The institutions, which were on the sidelines...
...enter New Archangel harbor, and then only with mischief in mind. Its captain, one Vasilii Golovnin, coveted the lucrative colony, which was in the hands of businessmen. In time, the navy pulled its rank and took control. Aleksandr Baranov, resident manager for 27 years, was fired without honors or pension...