Word: pension
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...other ways the class-consciousness is helpful--it drives things like universal health care, a generous pension scheme and high levels of funding for public education. The have-nots are a cohesive force here, one that has pushed Labor into power and now demands their fair share of the economic rewards. The tally of jobs created is noted everyday, and unemployment is a constant concern, not a quarterly statistic. And unlike America, the poorest are the focus of the majority of the political energy...
...Champion of a simpler, flatter tax code, Dick "Short Form" Armey (R-Tex.) listed no assets and a meager teacher's pension as his only additional income... House Minority Leader Richard Gephardt (D-Mo.) is buried in student-loan debt... Sen. Chuck Hagel (R-Neb.), a former investment banker, is worth over $5 million... Sen. Jay Rockefeller (D-W.Va.), perhaps not surprisingly, is worth about $80 million... Rep. Spencer Bachus (R-Ala.) put himself through law school playing the markets and made about $75,000 trading in 1999. "I wouldn't do it if it weren't profitable," he told...
...which, when I was a teenager imagining the far, far distant coming of the new millennium, is exactly the horrifying age I figured I'd be.) If you're like the overwhelming majority of boomers, your career has hit a brick wall, you haven't saved enough, your pension is underfunded, your health is deteriorating, even the medical advances that will probably extend your life will, in an especially cruel paradox, probably mean that late life will be meaner and more spartan. You'll have a hard time selling the house that you considered your nest egg (the generation behind...
...best case would see the entire Sun Belt populated by a new cadre of semi-retirees, fit and healthy, working part time from their homes while enjoying the fruits of well-invested savings and well-funded pension plans. That's what the management is counting on at the headquarters of the Del Webb Corp. in Phoenix, Ariz., developers of the Sun City chain of retirement communities. Del Webb executives are quivering in anticipation of a flood of boomers pouring into the retirement-home market. LeRoy Hanneman, 54, Del Webb's CEO, stands on a hill from which...
...weaving his business success out of his political one, he has had other questions to answer. The Labor Department has examined his role in getting an old campaign pal in control of a union pension fund to join McAuliffe in a Florida land deal. The fund, which provided nearly all the capital in an equal partnership with McAuliffe, bought back his shares for more than $2 million--a move the department called imprudent but did not blame McAuliffe for. Likewise, when Prudential Insurance Co.--a generous donor to both parties--paid McAuliffe $375,000 to help secure a government lease...