Word: pensioned
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Dates: during 1980-1989
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...rhetoric, like his loose talk of rolling back Communism in the Soviet Union. On the Democratic side, there has been no direct criticism of Jackson's cavalier proposal for Draconian cuts in defense spending. Similarly, no Democrat has asked Jackson to explain how he could tap the nation's pension funds for a massive public works program without jeopardizing the income of retirees or providing expensive federal guarantees...
...world's most financially successful nations, its citizens worry about their futures as if they were impoverished. They fret over high tuition bills for their children, over the cost of buying a new house and especially over having enough money once they retire. Corporate pensions have nearly risen to the level of other industrial nations, but most Japanese consider such benefits inadequate. When Matsuoka reaches Honda's mandatory retirement age of 60, for example, he can expect a company pension of about $1,500 a month (with no cost of living increases). "I can't live on that," he says...
...concern is a common one in Japan. Says Johsen Takahashi, chief economist of the Mitsubishi Research Institute: "We have a strong feeling that we have to take care of ourselves. The pension system, while greatly improved in recent years, is still not trusted. Many Japanese fear that a change in government or severe inflation would sweep away their future...
Perhaps the greatest failure of the summiteers was their unwillingness to deal with the major entitlement and Government pension programs, such as Social Security, which accounts for 20% of federal outlays. Various ideas were floated, including setting a limit on cost of living adjustments, delaying them for a few months or taxing Social Security benefits for wealthy recipients. Peter Peterson, a former Commerce Secretary and one-time head of the old Lehman Bros. Kuhn Loeb investment house, said that by limiting Social Security COLAs to 2%, the summiteers could have saved the Government $150 billion by the year...
...movement was highly successful. It did not bring down apartheid, but many universities, including Harvard, divested from companies that did business in South Africa. Many companies did, in fact, pull out of South Africa. The U.S. Congress imposed economic sanctions, and many state legislatures divested pension funds...