Word: pension
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...issues on which the parties disagree the most?pension reform and national security?could come to a head soon. The New Komeito made the preservation of a generous pension system its top campaign issue, and last week the Health, Labor and Welfare Ministry (headed by New Komeito Diet member Chikara Sakaguchi) submitted a plan calling for an increase in the government's share of pension financing, with the added expenses to be funded by canceling a series of income tax cuts. Many prominent LDP members claim that this scheme will put Japan's fragile economic recovery at risk. Japan...
...late-trading situations and three funds actually approved late trading. The scandal has so far implicated 11 prominent funds and 10 fund executives and brokers. Putnam Investments, a Boston firm embroiled in the scandal, lost $8.4 billion in assets pulled out since Oct. 29 by spooked investors and state pension funds. "We are disappointed by their decision and hope that we'll be able to manage their funds in the future," a Putnam spokeswoman says. The company has replaced its management and promised to reimburse losses to the fund...
...school councils and agriculture schools in Illinois. As a county executive, I worked with organized labor to improve conditions for the employees and the public. As a United States Senator, and as the first woman to serve on the Finance Committee, I passed laws for women’s pension equity, and for environmental remediating and alternative energy, for school modernization and restoration of the interest deduction for college loans. As Ambassador, I was credited with improving relations on behalf of the United States...
...made by Nokia's rival Siemens quickly showed up on a Siemens fans' website. Nokia plans to track down the hackers - so look for more explosions to come. Family Values Vs. Share Value Call it a family feud: At the BSkyB shareholders' meeting last Friday, Daniel Summerfield of U.S. pension fund CalPERS and British fund USS demanded that 72-year-old chairman Rupert Murdoch resign because of his recent installation of his 30-year-old son James as chief executive. Critics say BSkyB is a family affair too close to the elder's News Corporation. Murdoch Sr. allowed that there...
...auditor independence." He's voting to remove four BSkyB board members that he deems too close to News Corp. The National Association of Pension Funds wants to vote out the director who led the CEO search, Lord St. John of Fawsley, and opposes a payout to ex-CEO Tony Ball. A BSkyB spokesman says James is committed to dividends "in the future." If the Murdochs were to sell tickets to Friday's clash, they could pay dividends now. - By Mark Halper Will The Elves Unionize? L ong before Santa loads up this Christmas, the real work will have been done...