Word: pensioners
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Gold is also a traditional safe haven from a weak dollar, which many (including Warren Buffett) are betting on. Dollar pessimists point to the massive U.S. budget deficit, which if uncorrected should weaken the buck over time. With that in mind, insurers and pension funds have begun allocating 2% to 5% of their portfolios to precious metals and other commodities...
...Gorby Talks Considering the debt that millions of people owe Mikhail Gorbachev [April 10] for his unique and enormous contributions to peace, it is unconscionable that he is living on a government pension of about $1,400 a month. We should create a special fund for him. For a start, I will gladly contribute half my pension. Cedric Vendyback Kelowna, Canada...
...responsibilities as well as power." We Americans need to change our posture as soon as possible. Bob Schieck Antioch, Illinois, U.S. Considering the debt that millions of people owe Gorbachev for his unique and enormous contributions to peace, it is unconscionable that he is living on a government pension of about $1,400 a month. We should create a special fund for him. For a start, I will gladly contribute half my pension. Cedric Vendyback Kelowna, Canada I was amazed to read that Gorbachev's government pension is only 40,000 rubles a month, about $1,400. I wish...
...victory is likely to be partial for other reasons, too. The same combustible sequence of events that killed Prime Minister Dominique de Villepin's contested youth job bill has played out in identical fashion twice before in the past decade. Huge protests confronted the government's attempt to overhaul pensions in the mid-1990s, and they broke out again when it tried to shake up the Finance Ministry in 2000. In both cases, the government also backed off, with serious consequences. The 1996 climbdown by then Prime Minister Alain Juppé helped bring a socialist government to power the following...
...amazed to read that Gorbachev's government pension is only 40,000 rubles a month, about $1,400. I wish U.S. Presidents and politicians received similarly meager pensions...