Word: pension
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Dates: during 1980-1989
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...VISTA worker, the strategy aimed at isolating Stevens from the business community. Rogers scored his first coup in 1978; that was when the Manufacturers Hanover bank dropped two of its directors who were also Stevens directors, following a threat by many unions to withdraw more than $1 billion in pension and other funds they had on deposit at the institution. Six months later the New York Life Insurance Co. decided to remove Stevens Chairman James Finley from its board, after the A.C.T.W.U. threatened to run its own candidates for the board seats held by Finley and New York Life Chairman...
Carter's difficulty in restraining himself was evident on Friday, when a local television interviewer in St. Petersburg, Fla., asked about Reagan's charges that the President was considering taxing Social Security benefits and tapping private pension funds to help revitalize ailing industries. Snapped Carter: "Completely false . . . It's difficult to respond to ridiculous things like this." He vented his frustration by attacking Reagan: "A lot of his advisers are afraid of what he would say in a free and open exchange of ideas . . . [his calls] for injecting American military forces into place after place around...
Turning to another aspect of a worker's compensation--her pension--Snyder says the fact that 75 per cent of the women workers in the United States retire without a pension must be rectified. She notes that as women turn 40, they are phased out or fired, leaving them without retirement benefits. And the typical pension system, basing benefits on at least ten years of continuous employment, works against a woman who may have to take five years off in the middle of her career to raise children. "It's like starting all over again," Snyder objects...
Buyers, including the banks, pension funds and other large institutions that account for 70% of share-trading activity, have been so eager to buy stocks that a total of 1,021 billion shares changed hands in July alone, the second busiest month in Wall Street history; the heaviest was last January, when prices also rose sharply, only to be sent plunging down later when inflation and interest rates climbed into double digits. The hunger for stocks has lifted not only the Dow's lately depressed industrials but also the broad stock averages. Since the end of March, the composite...
Large institutional investors, like pension funds and insurance companies, have recently been casting covetous glances at big-city office real estate because they see it as an often better investment than the stocks and bonds they hold. In January the Royal Dutch/Shell pension fund paid $136 million for the Celanese Building in New York City, and in February the Teachers Insurance and Annuity Association bought Manhattan's Seagram Building for $85 million. The Equitable Life Assurance Society two months ago acquired the AmeriFirst Building in Miami for $52 million, and the Prudential Insurance Co., often rumored...