Word: pensioneer
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Which leaves the alternative suggested by Partnoy and several economists: cleansing the federal code of its reliance on bond ratings. Among the simplest fixes would be removing the ban on pension funds' holding debt securities rated lower than BBB. The funds can make far riskier investments in stocks and hedge funds, after all. Bank-capital requirements do have to take into account the quality of securities, but there are market-based measures that could at least partly replace ratings...
...jobs last year. Americans are wary of unions for good reason. After shooing workers into Big Labor’s arms, Obama will shame businesses with the Patriot Employer Act. It offers a one percent tax credit to companies, but under a heap of conditions, including a pension plan that matches five percent of worker contributions for every employee and payment of 60 percent of each worker’s healthcare premiums. Worst of all, businesses’ foreign divisions will have to pay the U.S. corporate tax rate, instead of their host countries’ rates. At 35 percent...
...with cousins and re-creating Civil War battles on a Ping-Pong table covered with fake grass and tiny trees in the basement of his Carmel, Ind., home. He joined the Army Reserve in 1992, and the Indiana National Guard in 2003, intending to serve 20 years, get a pension and then retire to teach junior-high history. He served in Bosnia in 2004. And in April 2006, when the Army called, Cassidy left his landscaping job for Iraq. "Some guys had gone to Iraq three times at that point, and he hadn't gone," Melissa says. "He felt...
...deflating. New polls confirm the precipitous drop in Sarkozy's approval rating, from his near-record high of 65% in July 2007 to 41% this month. That low matched the February 1996 score of former President Jacques Chirac, after a bitter three-week national strike derailed a proposed pension reform - and led to the left's return to power the following year. Pollsters ascribe Sarkozy's descent to the defection of older and traditional conservative voters resentful of his high-profile love life and unabashed materialism, and to still undelivered promises to rev up France's sputtering economy...
NORWAY: Government Pension Fund...