Word: pension
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...market's long fall. In a sense the decline has hit harder than that of the Great Depression: only about 1,500,000 Americans owned shares then, compared with 31 million now. All together, 100 million Americans have some stake in the market through their holdings in pension funds, profit-sharing funds, variable annuities and endowment trusts. Even people who do not have such interests have been damaged. The stock drop has affected the psychological climate ?and thus the spending plans?of all kinds of businesses. Moreover, as stockholders have felt the pinch, the decline has brought hard times...
...participants in the murder, as Z suggests, they have nonetheless provided some intriguing postscripts to the trial that would be worthy of inclusion in the film. They reinstated and promoted the six police officers who had been sacked for their part in the murder and then retired them on pension...
...younger generations? Or would they be pushed out of power and wander around, bitter and disgruntled, unable even to talk the same language as their juniors, like Swift's awful immortals, the struld-brugs? Would conflict between generations supersede hostility between classes and races? How could insurance and pension plans continue payments for decades longer? Will aging control become as vital an issue as birth control? In short, the changes resulting from a drastic extension of the lifespan, or even from a series of life-extending bonuses, may eventually exceed those brought about by splitting the atom...
Delicate Positions. Salomon Bros, began as a bond trading house in 1910 and later diversified into other activities. Last year it traded some $135 billion worth of bonds-an average of $530 million every working day. The bear market caused many pension funds and trust departments to dump bonds, but Salomon was able to find enough mutual funds, other banks and individuals to buy them...
Salomon Bros.' most spectacular specialty is "positioning," the delicate art of arranging the sale and purchase of exceptionally large blocks of stock. In such a transaction, Salomon usually buys a block of stock from one or more institutions-mutual funds, pension funds, banks or insurance companies-and sells it to another institution or group of them. With $65 million in capital and great borrowing power, Salomon can buy almost any block of stock offered...