Word: pensiones
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...shots run." Chancellor Helmut Kohl voiced similar sentiments at a lunch with foreign journalists last week. Said Kohl: "While I have no sympathy for people shooting at the borders, it is insufferable that the string pullers are living comfortably and wondering how to get a pension...
...Kennedy School, like half of the academic institutions in America, has offered an invitation to Mikhail S. Gorbachev--you know, the former leader of the former Soviet Union. If I were Gorbachev, I'd take my forty-dollar-a-month pension, settle into my little dacha in the Crimea and play with my grand-daughter. I wouldn't want to brave the Boston winter to explain to 24-year-old gov jocks how I failed as the leader of the world's other "superpower." Even Freud wouldn't recommend that much self-awareness...
...There is decidedly a disadvantage for American producers. It's very simple. We're a much longer-established manufacturer with an older work force, a great number of pensioners. When you have a new Japanese transplant, the average age is much younger, with no pension cost and usually a healthier, newer work force. Even if we do better on our production side and do better on our material costs, we've still got that overhang of pensions and health care to take care of. That's something as a nation we'll have to address, because it's going...
...economic dream is post-capitalism -- a market economy plus civic responsibility, and a safety net plus spiritual contentedness. But what salvation will the free market bring to our elderly neighbor in Moscow, whose annual pension now equals a few dollars? What is freedom to travel if the lifting of price controls (as planned for the new year) raises the cost of a ticket to New York to more than twice Gorbachev's annual retirement pension...
...either a heart attack or drowning, or a combination of the two. But as investigators sifted through the mess he left behind, the suspicion grew that "Cap'n Bob" had deliberately abandoned ship. The most shocking discovery was that he had secretly and improperly "borrowed" $1 billion from worker pension funds to keep his companies afloat. While Maxwell's son Kevin struggles to manage what's left of the family holdings, most of the legacy is likely to be liquidated...