Word: pension
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...government. Much of those funds are coming from people making enormous sacrifices. Waiting patiently in line at the Red Cross Society of China office in Beijing on May 19 was Liang Baoying, a 63-year-old retired teacher. Clutching an envelope containing $287 - the equivalent of her monthly pension - Liang tearfully said she could no longer watch news of the quake on TV because it is too sad. "I believe in this national tragedy, so we have no choice [but to give]. I'm sure the Red Cross will use the donation properly...
...wealthy citizens; many of those donating are poor Chinese making enormous sacrifices. Waiting patiently in line at the Red Cross Society of China office in Beijing on May 19 was Liang Baoying, a 63-year-old retired teacher. Clutching an envelope containing the equivalent of $287--her monthly pension--Liang tearfully said she could no longer watch news of the quake on TV because it was too sad. "I believe this is a national tragedy, so we have no choice but to give. I'm sure the Red Cross will use the donation properly...
...Indeed, almost every bipartisan bill in the last seven years has had Kennedy's signature on it, from No Child Left Behind and the Medicare Prescription Drug Program, to pension reform and a collective bargaining bill for first responders passed by the Senate just last week. Kennedy's legislative belief has always been to "never let the perfect be the enemy of the good," as he's said on many occasions. Even with bills that had major flaws, such as immigration reform, he believed it was better to pass something and then work to fix it later...
...That you're-on-your-own ethos is already beginning to change - a little. In 2006 Congress passed a law that has brought positive changes to the 401(k) savings plans that for many Americans have replaced pensions. But the majority of private-sector workers in the country aren't offered a 401(k) or a pension, according to the Employee Benefit Research Institute. All three candidates have talked of creating a new system of portable retirement accounts for those who don't get one through employers, with Obama's plan the most ambitious...
...Rules of Disengagement" failed to illustrate that all divestment models are not necessarily "terror free" [May 12]. Despite hundreds of foreign companies' doing business with Iran yearly, Iran divestment bills passed by California and Florida targeted fewer than 30 energy firms. Furthermore, loopholes allowed their pension funds to continue holding these companies in other public portfolios. By contrast, terror-free investing is comprehensive and accounts for the financial well-being of pension funds. That is why terror-free models use prescreened investment products excluding all foreign firms doing nonhumanitarian business with Iran, North Korea, Sudan and Syria. This ensures high...