Word: pension
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...says. A member of the ruling Ba'ath Party since she was 12, she was married just three months when her fighter-pilot husband was killed in 1981, an early victim of the Iraq-Iran war. Ever since, she's been wedded to the state, drawing her husband's pension, teaching 'home science' at a government-run high school for girls, and volunteering at the General Federation of Iraqi Women. Her daughter Sabreen, 21, studies journalism at Baghdad University, and Muntaha hopes she will one day work for the state-owned newspaper Al-Iraq...
...close enough to the presidential coterie to be rich. Between her salary and her husband's pension, Muntaha makes 48,000 Iraqi dinars ($20) a month, and she only gets by because she lives in the home of her older brother, Mohammed Zaki. But she does have some influence in the women's federation: as deputy director of a Baghdad field office, she's responsible for planning and logistics across a quarter of the city. Oh, and she's met Saddam four times. "The president's door is always open to his people," she says, lapsing again into officialspeak...
...ambitious antipoverty program. The team's gesture reflects, for the moment anyway, a rare sense of unified national purpose in Brazil. Last week's headlines also included all 27 of the country's state governors pledging to help Lula and his Workers' Party (PT) achieve crucial tax and pension reforms that will make it easier to fund his social projects - and even Brazil's dysfunctional Congress looks poised to cooperate. "I have to prove I'm capable of doing what previous Brazilian Presidents couldn't," said Lula, who took office Jan. 1. Lula's challenge is to make Brazilian government...
...keeping 2003 inflation to single digits. Lula won praise across the political spectrum when, instead of trying to please everyone, he postponed the purchase of fighter jets in order to boost funding for Zero Hunger. Perhaps the most important - and most immediate - steps that Lula needs to take are pension and tax reform. Brazil has a millstone public bureaucracy: its salaries and pensions take more than 8% of the nation's $1 trillion gross domestic product. Reining in the corrupt pension system, simplifying Brazil's baroque tax code and combatting massive tax evasion could help Lula drop interest rates...
...hard night out. But Britain's loss might be France's gain - a separate, but probably not unrelated study also found that Britain now leads the world in sales of imported wine. INDICATORS What A Drag It Is Getting Old New research from CSFB shows that the 1113 billion pension fund deficit at Britain's top companies equaled 93% of last year's profits. One of the worst hit is defense contractor BAE, which holds talks this week to try to avert a strike by employees being asked to pay more toward their own retirement. This Just...