Word: pension
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Dates: during 1960-1969
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...Greek pediment make the front of the rambling country house look like a set from Gone With the Wind. And the old massa who lives there fits the movie title too: Nikita Khrushchev, still hale at 70 but "retired" to his rent-free government dacha outside Moscow on a pension of $330 a month. After weeks of conscientious sleuthing, U.P.I.'s Henry Shapiro reported other details. Wife Nina gets another $132, and a five-man staff and limousine are thrown in, courtesy of the current Soviet management, but Khrushchev rarely uses the car to go to the Moscow apartment...
...result of all this is that money is piling up in banks, insurance companies, pension funds and savings and loan associations to an extent that gives them trouble putting funds to work both safely and profitably. Last week the U.S. Treasury took advantage of this situation to stretch out the national debt. It offered holders of $33 billion of federal bonds a chance to exchange them ahead of time for new bonds with much longer maturity dates and much higher interest rates. At week's end, indications were that more than $26 billion worth would be swapped...
Purchasing power is increasing most rapidly for two disparate groups: the oldsters and the youngsters. Thanks to the payoff from their pension plans, stock market investments and Social Security, older people have both the wherewithal to spend and the feeling of security that inspires spending. U.S. families headed by men 65 or older now have net assets averaging $30,718. They have become active, productive buyers of everything from retirement homes to baubles for the grandchildren, are purchasing expensive durable goods as if they had 50 years to live, and will undoubtedly step up their spending when the Medicare bill...
...spirit of 5 Novym Godom even extended to Nikita Khrushchev. Reportedly, the deposed Chairman has been granted the handsome pension of $660 a month-twice what top Soviet functionaries normally receive-and has been allowed to keep his chauffeur driven Chaika limousine...
...view that he is "not guilty, and I hope that if what I'm saying is not the truth, my mother that died since I left, I hope she goes to hell and stays there into eternity." This side of eternity, Dave will draw a $50,000 annual pension, courtesy of his ever-loving union...