Word: pensions
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Dates: during 1950-1959
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...necessarily a good indicator of business conditions: "Continued economic recovery must not be jeopardized by overemphasis of speculative activity." ¶ Labor strife might become a problem this year: "History tells us that industrial disputes have usually been more frequent in periods of expansion than in periods of contraction." ¶ Pension plans, which now cover 12 million workers and absorb $3 billion a year, are a growing sociological and economic influence. Government studies, said the report, may learn more about their impact on worker mobility, spending habits and investment trends...
...later, Gauguin took off for Paris with one child, leaving his wife and the other children behind. "When my sabots echo on the granite," he said, "I hear the sound, dull and strong, that I'm looking for in painting." Thanks to the generous mistress of a Breton pension, Gauguin painted in peace on a full belly. Restlessly driven back to Paris and semi-starvation, the man who had once speculated so brilliantly on the stock exchange was now looking for common stock in El Dorado...
...from disapproving Teacher Ryan's tactics, Mayor Robinson wrote to thank her and her fellow teachers for their "civic-minded interest." But Mary Ryan herself is not through yet. At the risk of job and pension, she intends to continue the fight until the political gag on her colleagues is removed entirely. Said her attorney: "The board is obviously not going to meet our challenge. But we're going to keep peppering them with this thing. We may even make a legitimate endorsement of a candidate for mayor when the time comes and the various candidates are known...
...lucky were new recruits. Last week President Eisenhower issued an executive order cutting off. for those recruited after Jan. 31, many veterans' benefits added after the start of the Korean war. Included were: educational allowances, G.I. loan guarantees, and pension payments for non-service-connected disabilities...
Aside from the surging public confidence, the greatest force for stock-market stability was the confidence of the big professional investors-the huge pension funds, insurance companies and mutual funds. Out of the $148 billion worth of shares listed on the New York Stock Exchange, an estimated 46% had already been tucked away by the funds and insurance companies, and more were being sopped up every day. Pension funds were growing at the rate of $2 billion a year, and about $400 million of that was being invested in common stocks. Mutual funds were growing almost as fast. While...