Word: trust
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Dates: during 1990-1999
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...addressed to Bill Clinton every day and slip it directly under the President's door. The people who know the code are Clinton's oldest friends and earliest allies. Few of them followed him to Washington, and maybe that is why they are the people he trusts to have his interests at heart. They are his private epistolary brain trust...
...cashier?s checks, to hospitals, universities and other organizations over the past 15 years. Only the recent sale of his business forced him to disclose his financial arrangements. Feeney, who had transferred all but $5 million of his $3.5 billion in assets to his Atlantic Foundation and Atlantic Trust, owns neither a house nor a car, and an associate said he always flies coach. As the largest single donor to Sinn Fein, Feeney, 65, who holds dual Irish and American citizenship, maintains that the more than $200,000 he gave the IRA wing was used to fund nonviolent functions. When...
...teams they played for, that brought free-agency to baseball and changed the game forever. Flood, traded to the Philadelphia Phillies after the 1969 season, refused to report, instead applying to Bowie Kuhn to be declared a free agent. He was denied. Claiming that baseball had violated anti-trust laws, Flood filed a lawsuit that reached all the way to the Supreme Court, which finally ruled against him in 1972. The legal battle cost Flood the 1970 season, and ultimately his career. But in 1975, an arbitrator granted free agency to Andy Messersmith and Dave McNally, in effect ending...
Social Security is scheduled to start spending more than it collects in about 2012, just as the huge baby-boom generation begins to retire. By 2029, even the so-called Social Security trust funds would be depleted. Thanks to men like Kerrey and investment banker Pete Peterson, president of the Concord Coalition, more and more Americans understand that the Social Security "trust fund" is a myth. Every week's collection of Social Security payroll taxes first goes to pay benefits to today's retirees; then the surplus (currently about $565 billion) is immediately used to finance other federal spending. What...
WASHINGTON: About the only thing that 13-member Social Security Advisory Council agreed on Monday in releasing its recommendations for shoring up the trust fund was that stock market is the answer. How best to do this was another matter; three competing solutions were proposed, ranging from having government money managers move some 40 percent of the trust fund into the stock market, to allowing workers to invest some money for themselves. Although all three plans would seek to build up the trust fund by investing it differently, the differences in the approaches were considerable. The first, called the "maintain...