Word: pensionable
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Dates: during 1950-1959
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...lives in a two-room Budapest apartment with his wife, two daughters and two grandchildren. Wearing an old grey sweater, as grey as his face, and smoking too much, Ordass manages to speak serenely despite the fact that he is obviously ill. He may or may not get a pension from the government. But his wife, who is suffering from asthma, recently learned how to make artificial flowers, and the family is expected to live on the proceeds of that work. Lajos Ordass is an unforgettable figure, reading his Bible at a desk that is cluttered with scraps of colored...
What about Chiwaro, the African helper whose find led to the discovery of the emerald treasure? He has not been forgotten. The millionaire prospectors have promised him a lifetime pension of $420 a year...
...Said Edmund W. Tabell, top market analyst of Walston & Co., Inc.: "Prices are not determined by earnings but by supply and demand. Pension funds and institutions are buying right along. Last July, institutions stopped buying stocks and bought bonds, but today they cannot buy bonds at such attractive yields...
...against them. Socialists gained six seats but fell short of a majority in the 231-seat lower house, will still need the help of the minuscule Communist Party (five seats) to maintain their welfare state, and put through a new program to pay everyone in retirement a pension that is two-thirds of the average of their 15 best years' salary. The election showed a hardening of opposition to this expensive outlay. Agrarians and Conservatives, who are most opposed to the idea, picked up at least 14 seats, fj In Belgium the country was almost evenly divided...
Wall Street's experts laid much of the reason for the jump to increased buying pressure from such big investors as mutual funds (which now hold some 4% of all shares on the New York Stock Exchange) and pension funds. Another major reason was that the analysts themselves were changing their gloomy tune and encouraging many a holdout bear to hurry into the market for fear of missing it altogether. In the subtle psychological change, the weight of opinion was against any sharp break back to the recession lows. Instead, Wall Street's shrewd professionals speculated that...