Word: pensiones
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...long-suffering citizens are getting fed up with it all. Last week a riot erupted at Buenos Aires' Ezeiza airport when ground crews refused to unload baggage-including the wheelchair of a 14-year-old paraplegic boy. In another part of town, an enraged 65-year-old pension applicant whipped out a pistol and killed a go-slow clerk when she foisted still another form on him and suggested that he return in a few days; it was the fifth time he had been put off, and each refusal meant a 70-mile round trip from his home...
Breaking Bones. The girls have been skiing since 1949, when their parents left the French Riviera to open a small pension in the Alpine village of Val-d'Isère. By the time Marielle...
...little man may give the market a needed lift, but the market's future will still be determined largely by the huge and growing institutional investors. Last year the market was swelled by $2 billion from pension funds, $1.3 billion from such mutual funds as Massachusetts Investors Trust (see Management) and hundreds of millions more from other institutions. The institutions hold about 15% of the nation's $650 billion worth of common and preferred stocks, and such companies as G.M., A.T. & T., G.E. and IBM each have about 1,000 institutional investors. The institutions have more money than...
...hour package over four years (including a 36?-an-hour wage hike), which amounted to a 4.5% increase v. the 3.2% guideline recommended by President Johnson. The contract includes a fourth week of vacation for twelve-year employees, three more paid holidays (making twelve in all), pension increases, more health benefits and a guaranteed annual income of $5,800. This was a sweetener in return for the reduction in work crews from 20 to 17 men, recommended by Government mediators in October, and a "flexibility" clause that would permit employers to move cargo checkers from job to job during...
...result of all this is that money is piling up in banks, insurance companies, pension funds and savings and loan associations to an extent that gives them trouble putting funds to work both safely and profitably. Last week the U.S. Treasury took advantage of this situation to stretch out the national debt. It offered holders of $33 billion of federal bonds a chance to exchange them ahead of time for new bonds with much longer maturity dates and much higher interest rates. At week's end, indications were that more than $26 billion worth would be swapped...