Word: pensioned
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Dates: during 1980-1989
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...Many may go to the Jefferson Avenue assembly plant, a nearby facility that will produce Chrysler's new front-wheel-drive small cars for next fall.) Wanda has worked at Dodge Main for nearly all of the past 31 years, and soon will qualify for a lifetime monthly pension of $770. In the meantime, she and all of her co-workers are guaranteed either unemployment benefits that can add up to 95% of normal take-home pay, or else Trade Relocation Act funds that pay up to $250 a week for workers whose jobs have been lost because...
...date, the market's big spenders have been cash-rich institutions such as pension funds and the trust departments of banks. More and more their managers are coming to regard stocks as good long-term bets. For one thing, at their present depressed values, at least some blue-chip companies are paying dividends of anywhere from 7% to 10%, making them increasingly competitive with top-quality bonds; utility stocks are offering yields of up to 12%, neck and neck with the money-market funds themselves...
Colonel George Robertson, who commanded the Infantry Brigade of the Riverine Force on the Giao Thong the night of Compella's death, is retired at Sea Island, Ga., living gently off his pension and his wife's inheritance. His mind is free to pursue W.H. Auden and Thomas Love Peacock, but his soul, forged at West Point, still hears distant thunder. "Leadership is never good when it is self-conscious," he says. "The President should respond instinctively to events -but the instinct is really educated intellection, and it has to be harnessed to a natural appetite for decision...