Word: pension
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Yeltsin added to the public humiliation of his old rival by offhandedly telling the press that the ex-President would be well taken care of: he would receive a pension of 4,000 rubles a month (roughly $40 at the present exchange rate), the use of two official cars and the services of a staff of 20. In private, overzealous Russian bureaucrats reportedly told Gorbachev's wife Raisa to pack up and vacate the presidential dacha for more modest housing no later than midnight on the day of his resignation...
City dwellers get little sympathy out in the provinces. "Muscovites talk about a crisis because they are finally going hungry," contends Yaroslavl Deputy Pushkar. "But this is the way the rest of the country has always lived." Olga Ivanova supplements her meager monthly pension of 205 rubles ($2.28 at the current tourist rate) by selling eggs on a Yaroslavl street corner. She vaguely recalls buying smoked ham in a state-run shop six or seven years ago, but the only meat available now sells for 40 rubles (44 cents) for 2 lbs., or 20% of her income, at the free...
...investigators probe the wreckage of the Robert Maxwell empire, the mess just gets uglier. British investigators believe that the late media mogul looted some $1.5 billion from the pension funds and coffers of public companies under his control, about twice the original estimate. Auditors also found that debts owed by Maxwell's private companies exceed $3.3 billion, up $830 million from earlier estimates, and that Maxwell allegedly schemed to bolster the stock price of one of his companies by illegally paying investors to buy shares...
...spotlight now is on Maxwell's sons. Last week a British judge revoked Kevin and Ian Maxwell's passports and froze up to $813 million of Kevin's assets after the disclosure of his "substantial" involvement in questionable transfers of pension assets...
...other side of the Atlantic, workers at the Daily Mirror expressed dismay and anger after it was revealed that Captain Bob, as the swashbuckling Maxwell was dubbed years ago by the British humor magazine Private Eye, had looted their pension fund and treasury in order to prop up his personal fiefdom. The transactions, which took place in the months before he died, are being probed by British authorities. Last Friday SFO agents raided the family headquarters at Maxwell House in search of documents relating to the missing pension funds. Still, bemoans Ossie Fletcher, the former editor of the Mirror Group...