Word: pension
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Lothar Bisky has a complaint. A retired professor in the former East German state of Brandenburg, he earned less than professors in West Germany did - and he'll get a smaller pension, too. But Bisky has a loud megaphone: today he's the chairman of the Party of Democratic Socialism (PDS), the heir to the former East German Communist Party. "All this discrimination harms the dignity of the people," he says - and his message resonates among voters in eastern Germany. With two state elections in the east this Sunday, the PDS is expected to perform better than at any time...
...billion Amount by which the US Airways pilot pension plan is underfunded...
...Lemmens, a money manager for ABN Amro Asset Management in Amsterdam, whose fund owns shares in both UFJ and SMFG. But, he adds, the bank possesses valuable assets that both suitors find attractive. It is relatively strong in small business and retail banking, as well as in trust and pension management. These would plug product-line holes in MTFG's case and establish outright dominance in areas in which SMFG is already strong. Moreover, MTFG and SMFG aspire to be global players and so need economies of scale?and after years of industry consolidation, UFJ is the only potential domestic...
...INDICATORS Economy Class United Airlines admitted it would "likely" scrap and replace its employee pension plans to help it exit bankruptcy. Meanwhile US Airways said it would ask authorities for the right to delay its own pension contributions as it seeks to prevent a second bankruptcy...
...group of 10 men and women, including educators, lawyers, a nurse, a social worker, a community volunteer, former Colorado Governor Dick Lamm and Colorado Republican chairman Don Bain. "As diverse as the group is," says Sandra Shreve, 62, a current board member who donates from her modest educator's pension, "we were all there with a common goal: to help our community by creating a circle of giving...