Word: pension
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...network marked a grim defeat for forces within the church organization who have staunchly supported large-scale media expansion. Harvey W. Wood, chairman of the church and chief proponent of the $250 million TV enterprise, resigned last week as the church disclosed that it had borrowed $41.5 million from pension funds to shore up the 24-hour news and public affairs channel as well as the troubled daily, Christian Science Monitor. The church says the Monitor Channel -- which costs $4 million a month to run -- will shut down by June 15 unless a buyer is found, an outcome analysts consider...
...Foley seems to be doing his best to ensure that Russ avoids paying a higher price for his failure. The Speaker has promised Russ that he can stay on for three months, probably as a "consultant." That is the amount of time he needs to become eligible for his pension...
...president of an international policy institute. She is trying to make ends meet. They still enjoy the comparative comforts of a country dacha, a limousine and 20 bodyguards, but life as private citizens has proved hard, the couple told a Sipa Press interviewer. Gorbachev's monthly pension is 3,900 rubles, once a princely sum but at current exchange rates worth only $60. Says he: "Last month we calculated we'd spent 3,900 rubles. That's all my pension...
...president of a small- town bank and a master plumber may have roughly the same income, but they are likely to look at the world differently. Further, middle-class attitudes and circumstances differ considerably between those over, say, 45 years of age, who may own a home, have a pension, health insurance and other stabilizing structures, and those who are younger, who may make the income but have found it impossible to buy a house. Those younger middle-class people may be much more vulnerable and volatile than their middle-class elders...
Nader also called for consumers to act as "watchdogs" of their interests, for "ethical whistle blowers" in American industry to be protected from company retaliation and for workers to have a say in how pension money is invested...