Word: pension
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...field of pure poetry, but Poe carried heavy weapons in journalism, which, to him, was a corpse-littered no man's land between art and business. By peddling and shamelessly pushing his articles and stories, by the needlework of his aunt and his grandmother's minuscule pension ($240 a year derived from Grandfather Poe's services during the Revolution), Edgar kept alive in the "literary snake pit" of 19th century U.S. letters...
Misogynist? In Milwaukee, County Auditor Robert Boos submitted the annual report of the annuity and pension board, commented, "There were fewer deaths among women service pensioners than expected. In other respects, however, the experience was favorable...
...great that trading had to be suspended for 1½ hours. When it was resumed, A.T. & T. sold at $225 a share, up $23. Earlier in the year A.T. & T. had another profound effect on the market. In September, it decided to put $260 million of its pension fund into common stocks. It was a signal that to one of the most conservative investors in the nation, stocks were not only respectable but prudent investments...
...funds are growing almost as fast. In 1940 there were only 68 mutual funds with $448 million in assets; today 149 funds hold $12.75 billion in assets, the great bulk of it stocks. Another $12 billion in stocks is held by other institutional buyers such as insurance companies and pension funds. Even such stiff-collared investment bankers as Lehman Bros. and Lazard Frères went into the fund business, unable to resist the clamor for shares. Lehman originally offered shares worth $37.5 million; demand was so great the issue was boosted to $198 million. Lazard also first thought...
...Naomi L. is breadwinner, father and mother to her brother, Julius, 10, who was born with a club foot. Naomi's father died suddenly in February of a heart attack. Her mother, Mrs. Annette L., 42, was unable to make ends meet on his small pension and Naomi took a clerking job after school to help...