Word: pension
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Because love is there, Queen Allen is also the most esoteric rage in sophisticated London. Bridget, an art student, found her three years ago, moved in to look after her, and last year, in hopes of raising money to supplement Queen's $37-a-month-old-age pension, invited some art teachers in to look at the small, neatly sewn quilt-pictures that the old lady had made. Within two months, London Dealer Crane Kalman was staging an exhibition of them...
Unconcerned, the Fed's chairman delivered another lecture, this one against speculative trading by institutions. "Increasingly," said Martin, "managers of mutual funds, and portfolio and pension-fund administrators are measuring their success in terms of relatively short-term market performance. In effect, they set a target on a growth stock, attain that target, unload, and then seek other opportunities for quick capital gains." Given the size of their buying power, said Martin, such activity "may virtually corner the market in individual stocks," at the least cause undesirable price fluctuations. "Practices of this nature" said he, "contain poisonous qualities reminiscent...
...confiscated all his property and money. "I no have anything except my family and my freedom," said he, "but that is good now." It got better when the Los Angeles Dodgers announced that they were signing Sandy on for five days to let him qualify for a major-league pension...
...King Saud so mismanaged Saudi Arabia's affairs that when his own family forced him into exile in 1964, it gladly agreed to pay him a pension of $600,000 a year just to be free...
Even though Saud had refrained from any political statements until last week, Feisal cut off Saud's princely pension as soon as he arrived in Egypt and embraced Nasser. His three-day triumphal "state visit" to Yemen was all the more ironical because it was Saud who in 1962 pledged Saudi Arabian support for the royalist guerrillas, who now hold two-thirds of the country and are waging a bloody civil war against Sallal's republicans and the 40,000 Egyptian troops allied with them. Now Saud ridicules the royalists as "conceited fellows," denounces Feisal, who gives them...