Word: pension
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Dates: during 1980-1989
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...compete in this smile-button sweepstakes, his eerie grin had the spontaneity of a Dale Carnegie student practicing before the mirror. Asked why he did not appear more "likable," Dukakis felt compelled to launch into a petty aside disputing Bush's earlier attacks on his stewardship of Massachusetts' pension funds. Finally, as if he heard his handlers screaming, "Lighten up, Mike!" Dukakis claimed, "I think I'm a little more lovable these days than I used to be back in my youth." But he quickly added, "I'm also a serious guy. I think the presidency of the United States...
WHEN ZWEIG TALKS, PEOPLE LISTEN. Analysts who foretold the crash have achieved guru status. Chief among them may be Marty Zweig, 46, who publishes the Zweig Forecast newsletter and manages $1.3 billion in pension funds from his Manhattan headquarters. Zweig turned bearish in September 1987 and predicted that the Dow Jones average would soon plunge 1,000 points, to 1755 (the actual bottom: 1738). In the year since his prediction came true, with most newsletters sagging, his subscriber list has grown 90%, to 15,275 (at $245 a year...
...have yet to address the basic problems: excessive volatility, excessive speculation, excessive use of credit and inadequate regulation. This speculative behavior is not driven by individual manipulators, as was the case in the 1920s and '30s, but by institutions such as pension funds, insurance companies, banks and savings and loan associations backed, in many cases, by state and U.S. Government guarantees. Curbing speculation and promoting investment must be the objectives of reform...
...said it was "a simple solution. No newbureaucracies, no red tape. What it will do ispermit first-time homebuyers to invest their IRAsavings or their tax-deferred pension plans tomake downpayments on their homes...
...definitely better off than my father was," says Bob. "We have a nicer place, my retirement will be more comfortable than his." Bob now makes $40,000 as a union official, owns three houses and a lot, collectively worth $600,000, and when he retires will receive a pension of $1,600 a month from his union in addition to Social Security...