Word: pensions
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Dates: during 1940-1949
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...failing eyesight and hearing, and the pangs of near-poverty. Andy's lawyer pleaded that a prison term would bar him from ever holding public office or practicing law again in his native state. (His lawyers did not mention that May, despite his conviction, gets a lifetime federal pension of about $3,400 a year for his 16 years in Congress.) His doctor was even more persuasive. He told the court that a prison term might actually kill old Andy...
...billion, almost double what it was at war's end, and the Federal Government is running into the red at the rate of $5.5 billion a year. Too many houses are being built on too slim security, said he, and the new corporation pension plans, which he flatly called "a big mistake," will keep prices high. He thought that the time had come for FRB to tighten up on credit and thus discourage inflationary borrowing...
...eight, that's what." But the king, it was plain, was no longer above timid, hesitant reproach. It wasn't too safe to criticize him openly: the old men didn't dare risk being blackballed by the union; they were too near pension time. And a coal miner's wife in Cinderella, W. Va., who wrote a letter to the editor protesting that John Lewis was "far too old and power mad," had bricks and rocks thrown through the window of her company bungalow last week...
...January, when $2.8 billion of insurance refunds is paid out to veterans, there would be a lot more money around. Pondering this, along with the Federal Government's whopping deficit and higher industrial costs created by 1949's pension settlements, Brookings Institution's President Harold G. Moulton last week warned: "You might as well forget about much cheaper manufacturers' products." Although he predicted a drop in business next spring, the U.S. was currently in "a period of creeping inflation...
...Should pension systems be set up for all U.S. industrial workers? Last week, after a survey of 1,000 industrial executives, Mill & Factory magazine reported that 78% of them would go along with some sort of company pension plan. Only 6% think the company should bear the entire cost. As for federal pensions, 89% would rather install company plans than pay for a major expansion of the Government's Social Security program. Growled One Midwest manufacturer: "Our whole system is degenerating to the point where something for nothing is a fad . . . The mad scramble...