Word: pension
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Harvard has asked the secretary of Labor to postpone for a year the effective date of some of the provisions of a 1974 pension act. Personnel Office spokesmen said yesterday...
...judge in Hong Kong, and Wodehouse and his three brothers spent their boyhoods with relatives in England. He went to Dulwich College, a good but not famous public school near London; he was all set to attend Oxford, when the Indian rupee, on which his father's pension was pegged, collapsed. Instead, he got a job at the London office of the Hong Kong & Shanghai Bank. Unhappy at the bank, he began writing. In 1902 he published his first novel (The Pothunters) and left banking to write a humor column for the now defunct London Globe. He also took...
...month period of federally subsidized transition is ending for former President Richard Nixon on Feb. 9, and with it a fleet of Government cars, caretakers, telephone operators, and the salaries for much of his staff. He will now have to get along on his $60,000 annual pension, plus $200,000 a year to operate an office, and whatever he can earn by writing about his unique career in politics. Nixon has received part of his $175,000 advance from Warner Paperback Library, the publisher of his memoirs...
...traders usually do behave that way: share prices so often drop before a recession begins and then turn back up before a recovery starts that they are classed as a leading indicator of the economy. One factor, however, will serve to limit any rally: institutional investors, such as banks, pension funds and insurance companies, have become nearly as disillusioned with common stocks as individual investors. They may ride any rally to the point at which they recover recent stock losses, then sell some of their holdings in order to buy bonds and real estate. Their selling will tend to temper...
...NATION'S prosperous scent another Depression in the wind, people like Whitney, the golden boys of the financial world who've always had it easy, are beginning, again, to jump from high windows along Wall Street, and when they do, they take pension funds and life savings with them. If their demise meant the demise of the system in which they've failed, that would be one thing--and might be applauded as leading to genuine change. But even after the fall of a capstone as central, as public, as Whitney, the system managed to regroup and restore its shattered...