Word: pensioned
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Dates: during 1970-1979
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...NATION'S prosperous scent another Depression in the wind, people like Whitney, the golden boys of the financial world who've always had it easy, are beginning, again, to jump from high windows along Wall Street, and when they do, they take pension funds and life savings with them. If their demise meant the demise of the system in which they've failed, that would be one thing--and might be applauded as leading to genuine change. But even after the fall of a capstone as central, as public, as Whitney, the system managed to regroup and restore its shattered...
...figure is "totally misleading." Ever since President Theodore Roosevelt broke up the Standard Oil monopoly, he said, the Rockefellers have exercised only marginal control over the oil industry. Family influence hardly compares with that of other groups. "The three major American insurance companies invest $156 million a week. The pension funds of the country invest $200 million a week. The Arabs in a week are accumulating more money than my family has after three generations of work...
...Tony") Boyle, a Montana local chief who came to the Washington headquarters in 1948, succeeded to the presidency in 1963. He tightened the dictatorship. But the union became a shambles, membership fell off, and corruption and terror tactics grew. Boyle and his cronies milked the union's pension and health funds for their own purposes. Bob Wingrove of Moundsville, W. Va., a Boyle opponent, recalls: "I was threatened many times. They used to call up my wife and ask, 'Are your kids in school? Are you sure?' Then when I'd come home, my wife would...
...companies told you that coal dust didn't hurt you." Ultimately, suffering from black-lung disease, he switched to another mine-one so wet that it brought on his arthritis. In 1970 he finally became too sick to work, but he was too young for a pension...
With consistent skill and forcefulness, but with a knack for compromising at the right moment, he has led the fight for bills for aid to education, consumer protection, liberal trade policies, pension reform and restriction of the President's warmaking powers. Legislative aides have voted him the second most effective Senator (after Democrat Henry M. Jackson) and the most intelligent. But in the aftermath of Watergate, his virtues have the appearance of vices to some outraged citizens. A cautious, scrupulous politician, he rarely speaks out on an issue until he has absorbed all the facts...