Word: trust
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Dates: during 1980-1989
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...panelists--paleontologist Richard Leakey, the director of Kenya's Wildlife Services, and Richard Garstang of the Endangered Wildlife Trust of Southern Africa--disagreed over the role of ivory trading. While the Kenyan elephant population is dangerously low, Garstang said, elephant overpopulation in South Africa makes that government's policy of state-run population control and ivory trading an appropriate solution...
Initiatives aimed at raising state revenue include a Medicaid reform package, a cap on additional benefits for welfare recipients and assessments of college trust funds...
...contributed to the system for a minimum number of years, regardless of how much other income they receive. These benefits are financed by payroll taxes on workers currently in the work force. That is, retirees are not just getting back money that they have paid into a trust fund. Social Security is not a savings plan, but a massive intergenerational transfer of wealth...
...expect the rate to increase further. Today, the ratio of people receiving benefits to workers paying for them is one to 3.3. By the time Social Security begins dipping into its imaginary trust fund in 2030, the ratio will be one to two. If benefits are not limited, the workers who foot the bill for our generation's retirees will suffer an unconscionable burden...
...Rockefeller Group deal is designed to diversify the holdings in the trusts that John D. Rockefeller Jr. created in 1934 for his heirs. As the Manhattan real estate boom swelled the value of the Rockefeller Group's properties from 25% of the trust's assets a few years ago to 50% today, trust administrators saw the need to spread the money around...