Word: pensioned
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...oath, "Do you believe colored people, generally, are truthful?" Army Inspector General Ernest Garlington replied, "I do not." When no soldiers confessed, he called it a "conspiracy of silence." The President agreed, and with no trial ordered on Nov. 5 that 167 of the soldiers be discharged without honor, pension or benefits. "Some of those men were bloody butchers," he later remarked. "They ought to be hung...
...large budget surpluses for the government, that Macquarie's chief executive, Allan Moss, who had joined the bank in the sleepy Hill Samuel days, saw his big chance. "Bond markets were drying up," recalls Gary Turner, a Sydney-based financial-services expert with Bain & Co. "At the same time pension funds, which were growing because of increasing compulsory contributions, had to invest somewhere...
...Enter Macquarie. In 1996, aiming to attract some of that pension-fund money, the bank bought a toll road from the New South Wales government. The road was put into a trust, which under Australian law doesn't have to pay taxes. Then Moss went a step further: he placed the road into a listed fund, the Macquarie Infrastructure Group, which Macquarie manages for an annual fee of up to 1.25%, depending on its market value. If this fund outperforms its benchmark, Macquarie also pockets a juicy incentive fee of 15% of the profits. "It's a hedge-fund model...
...Given Blagojevich's record of family and political scandals - feuding with his alderman father-in-law and a federal investigation into pension and hiring irregularities - it's no wonder that many critics and pundits wonder if the Governor's lofty goals are just posturing. The state's record on education and children's well-being, after all, isn't much to brag about. The state has some of the top public schools in the country, but ranks near last overall in education funding. And while the group Kids Count reported this week that Illinois shot up from near bottom...
...MOONLIGHT Under the same category as working longer, it may sound like a downer. "But I can't tell you how many clients I have who went back to work and love it," says Dew. The benefits include access to additional tax-advantaged savings in a Simplified Employee Pension (SEP) plan and tax deductions for things like travel and a home office. The trick is finding something you enjoy...