Word: pensioned
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...agrees with Bush about capital punishment. But he will vote Democratic this time because he fears that Reaganomics is ruining American industry. James and Martha Hurry are doing all right today; their snug bungalow was paid off many years ago, and they receive $20,000 a year in pension payments. But Hurry, 72, worries about being wiped out financially if he has to enter a nursing home. He repents his vote for Reagan because "ten years ago, I thought I was pretty well off for a poor man. Now they're talking about taxing Social Security and taking away medical...
...compete in this smile-button sweepstakes, his eerie grin had the spontaneity of a Dale Carnegie student practicing before the mirror. Asked why he did not appear more "likable," Dukakis felt compelled to launch into a petty aside disputing Bush's earlier attacks on his stewardship of Massachusetts' pension funds. Finally, as if he heard his handlers screaming, "Lighten up, Mike!" Dukakis claimed, "I think I'm a little more lovable these days than I used to be back in my youth." But he quickly added, "I'm also a serious guy. I think the presidency of the United States...
WHEN ZWEIG TALKS, PEOPLE LISTEN. Analysts who foretold the crash have achieved guru status. Chief among them may be Marty Zweig, 46, who publishes the Zweig Forecast newsletter and manages $1.3 billion in pension funds from his Manhattan headquarters. Zweig turned bearish in September 1987 and predicted that the Dow Jones average would soon plunge 1,000 points, to 1755 (the actual bottom: 1738). In the year since his prediction came true, with most newsletters sagging, his subscriber list has grown 90%, to 15,275 (at $245 a year...
...have yet to address the basic problems: excessive volatility, excessive speculation, excessive use of credit and inadequate regulation. This speculative behavior is not driven by individual manipulators, as was the case in the 1920s and '30s, but by institutions such as pension funds, insurance companies, banks and savings and loan associations backed, in many cases, by state and U.S. Government guarantees. Curbing speculation and promoting investment must be the objectives of reform...
...said it was "a simple solution. No newbureaucracies, no red tape. What it will do ispermit first-time homebuyers to invest their IRAsavings or their tax-deferred pension plans tomake downpayments on their homes...