Word: pensioners
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...opinions. “States can’t make foreign policy,” said J. Daniel O’Flaherty, vice president of the National Foreign Trade Council.O’Flaherty also criticized a bill pending in the Massachusetts legislature that would divest state pension funds from select companies doing business with Sudan. “Our point is to defend the prerogative of executive and federal government to wage a unitary foreign policy,” O’Flaherty said. Last month, a federal judge declared unconstitutional a similar law, from Illinois, that would have...
...Franks' successor, John Abizaid, is by all accounts a fine Army officer, but one who spent years stressing the need for a "light footprint" inside Iraq that dragged out the death and dying on both sides. He'll retire soon to praise and pension. And General George Casey, Abizaid's underling and overall commander inside Iraq for the past 30 months, has just won promotion to Army chief of staff...
...Meanwhile, in his first four months in office, Prime Minister Shinzo Abe has seemed out of touch with the national mood. While Japanese say they're most worried about stagnant wages, a fragile pension system and growing social disparities, Abe has chosen to prioritize plans to revise Japan's pacifist constitution. While parents fret about declining academic standards, Abe's response has been to pass a reform bill that will attempt to make children more patriotic, and may bring back physical punishment to schools. "I'm not sure that constitutional revision should be the No. 1 issue," says Sadakazu Tanigaki...
...were still deep in recession? "I'm trying to cut back on spending," says the 36-year-old Tokyo accountant, who received a meager raise of less than $75 a month nearly two years ago and hasn't had another one since. Adding to her worries, Nobata doubts the pension system will be in place by the time she retires. "I feel like I need money for saving and insurance rather than for spending and enjoying life. I don't feel confident the economy will continue to grow...
...will hit retirement age. If nothing is done to alter the equation, a shrinking supply of workers will struggle to support a growing number of retirees, while Japan's national debt means the government may be unable to provide a strong safety net. "People have lost confidence in the pension system," says Diet member Kono, who connects this fear to depressed consumer spending...