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Last year, almost a dozen cities and states divested from their holdings in companies that do business in South Africa. This year, more than 20 state legislatures will consider divestiture of funds held by state pension plans and similar programs In a series of interviews last week, leading officials at nearly a dozen organizations working for divestiture expressed a common anticipation that, with pressure from the Coalition, next year will be even better than the previous...
...appears that local organizations did much of the work and were helped by national groups only indirectly. In Massachusetts a group called MassDIVISI, a coalition of local groups, spearheaded a recent successful lobbying effort to secure legislation in the Massachusetts House. The House voted to completely divest all state pension funds from companies operating in South Africa. Officials of the organization dismiss the importance of national groups in the success, saying it was primarily a local effort...
...cause of the expected debate is a bill now pending in the City Council of Washington, D.C. Introduced by Councillor John Ray, a Democrat, the bill calls for immediate divestiture of the $30 million that the city's pension funds now invests in companies operating in the apartheid state, Washington, D.C.'s pension funds total more than $330 billion...
...billion. That proposal would still mean that 1986 defense outlays would be 72% above the 1982 level. Big cuts in nondefense spending, Greenspan suggested, might come from curbing Medicare benefits to people Other high incomes. Medicare is expected to cost $79 billion in 1986. Other prime employees include pension and disability payments for federal employees ($27 billion in 1986), income support for farmers ($13.4 billion) and loans from the Export-Import Bank to foreign customers of U.S. businesses ($3.8 billion...
...Former Presidents Act of 1958, seeking to rectify such instances of national neglect, provided a $25,000 annual pension and $50,000 a year for office and taff, sums that have steadily escalated. Now each ex-President is entitled to a lifetime annual salary equal to that of a Cabinet Secretary (currently $80,100). Widows get $20,000 a year. The retiree also gets $150,000 for a staff during the first 30 months and $96,000 a year thereafter, unlimited nonpolitical postage and a furnished office. The expenses are flexible. "The law says the office must be 'suitably...