Word: pensionable
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...developments brought the Djilas affair back to full-and unexpected -life. From his enforced retirement in Belgrade (on a $165-a-month pension), Milovan Djilas last week took the extraordinary step of speaking out against the Tito regime. He called for the formation of a new "democratic-socialist" party to contest Tito's one-party rule...
...Filho recognized him at once, embraced him warmly. "Can I help you in any way, Manuel?" he asked. "No thanks, Joao," said the motorman. "I just wanted to see you. I like my job. It's steady work. Another five years and I'll retire with a pension." Mused Cafe Filho after Leopoldino departed: "Of the four of us boys, Manuel is the happiest. He has a steady job and no worries. I do not have a steady job, and I have plenty of worries. Maybe after my term is up, I'll apply...
Since few pension investors are interested in quick, speculative gains, the effect of this buying has been to bull up as well as stabilize the stock market. Most funds invest on the "dollar averaging" principle, i.e., assign a specific amount of money each year to buying a certain stock. If the stock rises, the fund can buy fewer shares; if the stock falls, it can buy more, thus tending to stabilize the market...
...their part, the pension investors defend the current program as neither too risky nor too conservative. Most portfolios are well spread out between Government and industrial bonds, preferred and common stock. As for concentrating on blue chips exclusively, they point to a recent survey showing that in the entire portfolios of 130 companies, only 100 owned five stocks in common. While established utility stocks are the first choice of most companies, their second and third choices are in such growing fields as electronics, oil and chemicals...
...future the trend of pension investment will be increasingly towards the newer growth industries. The current popularity of such blue chips as Standard Oil (N.J.), Detroit Edison, Du Pont, General Electric has already pushed prices to the point where the stocks in the Dow-Jones industrial average pay only 4.9% in dividends. As the blue chips grow too expensive, more and more pension money will go into new fields. Then businessmen will have to toe a fine line between their basic objective of protecting the workers' pensions and their responsibility to the U.S. economy as a whole...