Word: pensioned
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Dates: during 1970-1979
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...that Wall Street was still geared to a bygone age of relatively slow trading by individual investors dealing in 100-share lots; the stock exchanges could not cope with the demands of a new era in which big-block trading by institutions THE NEW YORK such as mutual funds, pension funds, university endowment funds and insurance companies regularly pushes volume on the New York Stock Exchange over 15 million shares daily...
Resettlers Welcome. Polish-born pensioners who have spent most of their lives in the U.S. are allowed to re-establish residence in Poland without having to give up their American citizenship or even their Social Security benefits. They can take in their belongings, including cars, duty-free. Through special banks and stores dealing only in hard currency, they have access to goods and services unavailable to other Poles. Most Poles have to wait five to seven years for an apartment; "resettlers," as the emigrants-come-home are called, can buy a modern flat immediately for about $2,500. Most important...
John Maynard Keynes called profits "the engine which drives enterprise." Millions of Americans depend on that engine to a great degree not only for their jobs but also for financial growth through profit-sharing funds, pension funds and dividend payments. Profits are used to enrich not merely a relatively few corporate managers and big shareholders but also masses of wage earners. When profits are perking up, a company's management is more willing and able to grant wage and salary increases to its employees. High-profit companies can be expected to spend more than low-profit firms to invest...
...small communities throughout the state. Consumer complaints are pouring in to Denenberg's office at an annual rate of 50,000, up from 25,000 in 1971. He has conducted televised hearings and investigations on just about every topic remotely connected with insurance, from auto repairs to pension funds. "Our game plan is simple," he explains. "We just give the public the facts, and they're appalled. I'm accused of being a publicity hound, but my job is to get publicity, to communicate. Until insurance becomes a matter of breakfast-table conversation in this country, nothing...
...running the mutual funds is not Price's biggest business. The firm manages almost twice as much money -about $3 billion-in private portfolios. Until recently these belonged to individuals rich enough to make a $1,000,000 minimum investment, or to the pension funds of such corporations as American Cyanamid, Bristol-Myers, Duke Power and Ford Motor...