Word: pensioned
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Your report about companies leaving South Africa [WORLD, Nov. 3] says "at least 15 states, including New York ... have either completed or announced plans to sell their stock in companies with South African holdings." The $32 billion New York State pension fund has not sold any stocks and bonds of U.S. companies doing business in South Africa. Rather, we have been leaders in what you describe as an effective "relentless campaign" of using shareholder petitions to force company withdrawal from that country to protest apartheid. Edward V. Regan New York State Comptroller Albany...
...nations that have adopted the euro is expected to be 2.6% in 2006, an unusually strong showing for the continent. The European recovery is uneven, though, with Italy and France faring less well. And Germany has only begun to tackle some of the politically unpopular reforms of its health, pension and labor systems that economists say are needed to boost long-term growth. Still, "Europe is going to have a great year," reckons Harvard's Rogoff...
...country (GDP per head in 2005 was $1,700, compared with $42,000 in the U.S.) whose leaders face so many problems that it is reasonable to wonder how they ever sleep. The country's urban labor market recently exceeded by 20% the number of new jobs created. Its pension system is nonexistent. China is an environmental dystopia, its cities' air foul beyond imagination and its clean water scarce. Corruption is endemic and growing. Protests and riots by rural workers are measured in the tens of thousands each year. The most immediate priority for China's leadership is less...
...institutional investors like pension funds, with obligations 15, 20 and 40 years out, 9% isn't that bad. They also like the idea that hedge funds provide a cushion in down markets since they don't closely mirror returns from stocks or bonds. David Hsieh of Duke University's Fuqua School of Business studied hedge funds before and after 2000 and found a general decrease in risk...
...worry that a big hedge fund (or funds) could melt down, as Amaranth Advisors did in September when it vaporized $6 billion in a week by making a bad bet on the future price of natural gas. Among the fund's investors was the $7.7 billion San Diego County pension fund, which was out nearly $90 million...