Word: pension
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...Many are political strikes, promoted by leftist unionism," he said during a rare television interview. He also described recent surveys showing that Italians are pessimistic about the economy as "just lies." Berlusconi swept into office in 2001 with a much ballyhooed "Contract with Italians" that promised lower taxes, higher pension benefits and a long list of new public-works projects. But he has struggled to deliver. He is also getting heat from his coalition allies - a disparate mix of post-Fascists, former Christian Democrats and the once-secessionist Northern League - who have been bickering among themselves, and with Berlusconi...
...year John F. Kennedy hangover. He has a weakness for "ask not" rhetorical switchbacks: "Right now, most Americans are working for the economy. We need an economy that is working for Americans." This flourish can be deconstructed--working people are underpaid and don't receive sufficient benefits (health, education, pension) from the world's most powerful economy--but the language is abstract and overly fancy. It creates a distance between the candidate and the audience, as does Kerry's frequent use of "and I say to you" and "and you know it, and I know it and everyone in this...
...lineup, GM is also improving financially. Although the company has relied heavily on buyer incentives to hold on to its 28% market share, it is still turning a profit. In 2002 GM earned $1.7 billion on sales of $187 billion. By keeping production costs in check and reducing its pension liability with a more risk-averse portfolio, GM impressed investors enough to end 2003 with its stock price up 37%. GM also boasts the highest productivity of the Big Three, requiring 36.7 worker-hours to build a vehicle, compared with nearly 40 at Ford, according to a Deutsche Bank report...
...SIMPLE plans also rise by $1,000 to $9,000 ($10,500 for those 50 or older). If you are self-employed and set up a Solo 401(k), you can sock away $41,000, or 25% of compensation up to $41,000 if you have a Simplified Employee Pension (SEP) plan. If you're covered by a retirement plan at work, you can still get a deduction for contributions to a traditional IRA if you make less than $55,000 a year ($75,000 for a married couple filing a joint return...
...kick butts. Last year, the number using nicotine patches grew by 30% to 2 million; antidepressants prescribed for quitting smokers rose by 20%. A big year for France 's tough-love tax. - By Bruce Crumley Work Longer! Troubled Commerzbank, Germany 's third-largest bank, announced an end to company pension schemes for its 26,000 employees by 2005. Meanwhile, German insurer Gerling plans cuts of up to 50% in retirement plans for around 5,000 of its own employees...