Word: pensioners
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...rise in days of hospital care, a 280% growth in the number of nursing-home residents. Between now and the year 2000, a new 220-bed nursing home will have to be opened every day just to keep even with demand. Without a change in the present system, pension and health-care costs will account for more than 60% of the federal budget...
Crouse says she expects the university to continue to take a hard-line toward union demands when they meet to negotiate a new contract by August 31. The union will probably include a better pension plan and increased job security among its demands, Crouse says...
...billed as the high-tech investment strategy of the decade. Using computerized trading in esoteric investment vehicles like stock-index futures, the technique promised managers of pension funds or any other kind of investment pool the Wall Street equivalent of the Holy Grail: "insurance" for their portfolios against future downturns in the stock market. As the Dow Jones industrial average kept climbing to new highs through much of 1987, the value of the funds covered by so-called portfolio insurance swelled to an estimated $80 billion...
...thing the technique did not do on Black Monday was provide total insurance against a crash. One deeply insured investment fund, the pension plan of U S WEST in Denver, watched the value of its stock holdings shrink from $3.3 billion to $3 billion. Although the company estimates it might have lost an additional $400 million had it not been covered, it no longer insures its pension funds...
...different as the two markets are, they have become inextricably linked through the computerized trading strategies carried out by big brokerage houses, pension fund managers and other institutional investors. One variation is called index arbitrage, in which traders try to make swift, sure profits by taking advantage of temporary discrepancies between the prices of stock-index futures and the actual stocks that make up the index. A related gimmick is portfolio insurance, in which money managers sell stock-index futures during a market decline to guard themselves against losses. Heavy use of these strategies can produce violent price swings...