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...long will it be before ordinary Georgians feel a material change in their daily lives? The first thing they should feel is that those services they are in contact with are not corrupt, or are less corrupt. That's already beginning to happen. We are paying salaries and pensions on time. Under Shevardnadze, pensions hadn't been paid since at least July last year. We plan a small pension increase in March - tiny, but a psychological boost. The important thing is to keep this dynamic pace of change. does georgia need a lot of financial aid? Absolutely. We are planning...

Author: /time Magazine | Title: 10 Questions | 1/11/2004 | See Source »

...tales of yet more drowned or suffocated would-be immigrants, that doesn't mean they are rejoicing when the immigrants make it. The irony is that in the long run, Europe needs immigrant workers to counter its low birthrates, keep its economy primed and help defuse its looming pension crisis. But most Europeans haven't yet meshed the need for immigrants with a willingness to integrate them into society. Across Europe, the political momentum is with those who want immigration stopped, period. Umberto Bossi, leader of the far-right Northern League, which is part of Silvio Berlusconi's governing coalition...

Author: /time Magazine | Title: I Hear You Knocking | 12/14/2003 | See Source »

Berman said the funding boost was in response to these surprisingly large pension and healthcare costs...

Author: By Stephen M. Marks and Zachary M. Seward, CRIMSON STAFF WRITERSS | Title: Corporation Votes To Loosen Belt | 12/9/2003 | See Source »

Increased costs for health care and pension benefits has led to a further disparity between revenues and expenditures, MIT’s website said...

Author: By Risheng Xu, CONTRIBUTING WRITER | Title: Facing Budget Crisis, MIT Slashes Costs | 12/2/2003 | See Source »

...month, a nonprofit group called Women's World Banking organized a three-day conference at Goldman Sachs that the hosts dubbed "Wall Street Meets the World of Microfinance." As a subset of socially responsible investing, microlending has a compelling "double bottom line": make a profit and alleviate global poverty. Pension funds, university endowments and large corporations have been sniffing around for opportunities, but all--understandably--want to see good track records first. That's starting to happen. Moody's, Fitch, and Standard & Poor's have begun either to rate microfinance transactions like bond issuances or to rate the institutions themselves...

Author: /time Magazine | Title: Globalization: Why Micro Matters | 11/24/2003 | See Source »

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