Word: pensionable
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...look at how fiercely investment banks have resisted changing their bonus structure. But I think one of the key reasons why the culture of Wall Street has not changed is precisely because we - as in most Americans - are so tied up in it. Our 401(k)s and our pension funds are tied up in Wall Street doing well, even if we don't think this particular system of short-term bonuses and liquid culture is a good long-term strategy. Wall Street's values have reached out to so many corners of people's daily lives that actually changing...
...then there are the long-term obligations - those big, hulking costs that, much as society may value them, eventually weigh on states' financial health. In New York, unfunded state pension liabilities average $2,633 per person. Massachusetts' tab is even larger, at $3,372 per capita, although that's nothing compared to New Jersey's $9,833. By comparison, California seems in something of a sweet spot, at $1,325. Still, that's hefty compared to Florida...
...typical line worker at a GM plant in Ramos Arizpe or Silao earns $2.80 per hour, a mere 10% of the $28 per hour (not including benefits) earned by his counterpart in Grand Rapids, Mich., or Oshawa, Ont. Add in GM's crushing legacy costs - pension and health-care obligations to retirees - which are only a minor consideration in Mexico, and it explains why the country is a cash...
...Within months, though, she was locked in acrimonious standoffs with everyone from farmers, who mobilized against her hikes in commodity-export taxes, to opposition leaders, who decried her efforts to nationalize private pension funds and her government's ties to a Venezuelan financial scandal. They also argued that Kirchner was still calling the shots from the presidential palace. Even her Vice President, Julio Cobos, last year cast the deciding Senate vote against her and for the farmers in a humiliating policy defeat...
...victims included high-profile celebrity names such as actress Kyra Sedgwick, actor Kevin Bacon, director Steven Spielberg, actress Zsa Zsa Gabor, actor John Malkovich, New York Daily News owner Mort Zuckerman and the family trust of DreamWorks CEO Jeffrey Katzenberg, as well as charities, universities, hedge funds, banks and pension funds around the world...