Word: pension
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...past two years, a new band of buyers has flocked to the market: American institutional investors. Some U.S. pension funds, mutual funds and bank trust departments are putting a portion of their assets into bullion. Meanwhile, U.S. individuals, professional hedgers and a number of the larger multinational corporations are in the gold futures market. As a result, contracts representing 312 million ounces were written in the first four months of this year, and the level of futures trading in the U.S. dwarfs gold markets abroad. Individual Americans last year also bought at least 3.7 million ounces of gold coins...
...gear would not have to be moved very far. Nixon's $80,000 federal pension, plus royalties from memoirs and television appearances, still enables him and Pat to live quite comfortably. They will soon move just one mile from San Clemente to Cypress Shores. A $650,000 five-bedroom home in this private compound has been acquired by Pal Charles ("Bebe") Rebozo, who plans to sell it soon to his old friends from the pleasant days in Florida and Washington...
...Leibling's Earl of Louisiana (1961), in the chapter "Henry Luce's Shoestore," to get the quote right. In another case, 100 pages after Halberstam has convinced the reader that Kyle Palmer was the Chandlers' right hand in matters political, he reveals that Norman Chandler refused Palmer a pension when the latter was retired and destitute. Either Palmer wasn't as powerful as Halberstam makes out, or there was more to the Chandler/Palmer relationship than Halberstam would have us believe...
...blond, looking younger than his 57 years, he nonetheless seems put off balance by the schizoid demands of his position. Is his primary task to make profits for shareholders, who consist not just of the Rockefeller family (they control only about 1% of the stock) but also of union pension funds, investment trusts, and more than 600,000 everyday investors? Or is his main job, as Exxon's advertisements imply, to be a defender of the national security? As Garvin told TIME Correspondent John Tompkins, in an observation that no Exxon chief would have made as recently as five years...
...desheim, convenient to the Rhine and the wine country. A three-hour boat ride from Rüdesheim to Koblenz costs $15 in modern steamers with breath-catching views of castles at almost every bend. A double room in a decent hotel costs between $25 and $35 daily; a pension costs about $10 per person, with breakfast...