Word: pension
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...Forming a team is one thing. Winning is another. The question is whether Abe?having "plucked the low-hanging fruit," as Kingston puts it, by taking a tough stance on North Korea?can transfer his momentum to domestic issues such as pension reform and economic inequality, bread-and-butter concerns that will likely push foreign policy off the front pages long before next July's critical upper-house elections. Many analysts are doubtful, not least because Abe has yet to set out his domestic agenda. His maiden Diet speech contained a lot of rhetoric about the need to make Japan...
...Estimated yearly pension to which the spouse of former Massachusetts Congressman Gerry Studds, who retired in 1997 and died two weeks ago, is entitled...
...decade ago to $13 billion, and will hit $160 billion over the next few years, according to estimates from the investment firm Bernstein Research. There are about 50 life-settlement firms, which either hold onto the policies for their portfolio or package them for resale to Wall Street. Pension and hedge-fund managers are snapping up these investments, eager to lock up returns that are not correlated to the stock market...
...basic strictures of demographics, declining numbers of workers combined with rapidly rising numbers of retirees, virtually all of the pension or social security schemes currently in place in the European Union, and to a lesser extent, the United States, will have to undergo significant changes in order to remain solvent. Few politicians, however, seem to want to be the first to tell the elderly that, in the interest of society, they need to take a large cut in their benefits, delay retirement, or both...
...nears conclusion with Moss's eventual appointment as department head and it also-in a marvelous final twist-relates a fall of sorts. During his career, Moss kept his employer at arm's length not only emotionally but contractually, turning down opportunities to join the government's "permanent and pensionable establishment" in favor of remaining on ad hoc terms. This meant that he retired, at 58, without the comfortable pension that a long-serving official could expect. Neither had he saved the bonuses that were payable at the end of each of his contracts. "I had treated my gratuities...