Word: retiree
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Dates: during 1970-1979
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In part, Trumania can be ascribed to nostalgia, the phenomenon that glamorizes everything in the rear-view mirror. But mostly it is the fallout from Watergate. After the chilling scandals of the Nixon regime, the little ex-haberdasher from Missouri seems fit for Mount Rushmore. Of recent Presidents, only Truman...
...American workers are now employed by companies that have institutionalized this assumption by forcing their employees to retire at age 65, if not earlier. The effects of this involuntary idleness can be traumatic. "One day they have life, the next day nothing," says Margaret Mead of unwilling retirees. "One reason women live longer than men is that they can continue to do something they are used to doing, whereas men are abruptly cut off-whether they are admirals or shopkeepers...
The large, tough public employee unions have managed to win salaries and benefits that on the average exceed those of any other city in the U.S. Almost all city employees can now retire at half pay after 20 to 25 years. This year the city had to raise $900 million...
Smithies--Ropes Professor of Political Economy and a long-time adviser in the Saigon bureau of the Agency for International Development--gave up his mastership--"certainly Harvard's best job," he says--last spring. ("You can stay on past 66 as a professor but you have to retire as a...
The fast-rising cost of malpractice insurance led to a new medical crisis last week. A group of doctors in New York's Suffolk County threatened to treat only emergency patients after July 1 unless they get reasonably priced malpractice coverage, which may soon be unavailable from private companies...