Word: pensiones
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...almost as quickly as it came, that new era is over. A scandal surrounding one of Japan's most critical problems-its drastically underfunded and byzantine public pension system-has thrown the entire government into chaos. Public outrage over lawmakers' failures to pay into the national pension system has tainted dozens of politicians, claimed the careers (at least temporarily) of some of its brightest stars, including Kan himself, and left the opposition party crippled...
...began when pension talks between the national journalists' union and employers broke down. Revolving Door POLAND Prime Minister Marek Belka lost a parliamentary vote of confidence just two weeks after taking up the post. Lawmakers now have two weeks to put up an alternative candidate, but few expect a successful consensus to be reached. Safe Haven SOUTH AFRICA The government announced it would grant temporary asylum to ousted Haitian President Jean-Bertrand Aristide, who fled his country at the end of February in the face of an armed revolt. Pretoria also said it would support an investigation into Aristide...
...RESIGNED. YASUO FUKUDA, 67, trusted adviser to Japanese Prime Minister Junichiro Koizumi and the government's top spokesman; from his position as Chief Cabinet Secretary after he admitted failing to pay his national pension premiums for 105 months from 1976 to 1995; in Tokyo. Fukuda's resignation came amid revelations that seven Cabinet members, and the head of the opposition Democratic Party of Japan, have failed to meet their pension payments, despite a recent government campaign exhorting the public to do so. Announcing his resignation, Fukuda apologized for "intensifying people's distrust in politics...
...years until his cost-cutting skills sucked the life out of recent acquisitions, including Dominick's in Chicago and Genuardi's in Philadelphia. Revenues at the 1,800-store chain edged up 2%, to $35.6 billion last year, as the company logged $170 million in losses. With several big pension funds calling for his head, Burd embarked on a two-week road show last month to convince investors that his performance (Safeway's share price has dropped nearly 60% from 1999) is at least on par with his peers'. He also maintains that his tough stance on labor negotiations--which...
...world order. He just wants it to work more fairly. Though corruption allegations against top aides and economic troubles have caused Lula problems at home, he has become the developing world's new spokesman, a pragmatic populist who matches his anti-Yankee bluster with economic sobriety. His successes with pension and tax reforms have made Wall Street want to samba. Lula is often cited as the first leader to apply the social activism cum fiscal realism of Europe's "third way" to places where it is more needed. Brazil, for example, has one of the world's most inequitable distributions...