One night a friend

One night a friend lent me a book of short stories by Franz Kafka. I went back to the pension where I was staying and began to read The Metamorphosis. The first line almost knocked me off the bed. I was so surprised. The first line reads, “As Gregor Samsa awoke that morning from uneasy … Read more

Imagine if the pension

Imagine if the pension funds and endowments that own much of the equity in our financial services companies demanded that those companies revisit the way mortgages were marketed to those without adequate skills to understand the products they were being sold. Management would have to change the way things were done. Eliot Spitzer

The backwoodsmen are muttering

The backwoodsmen are muttering about making Britain’s draconian union laws – already among the toughest in Europe – harsher still. And parts of the media will continue to attack public service pensions, as if school meals staff, refuse collectors and healthcare workers have no right to a decent retirement. Frances O’Grady

The system is not

The system is not intended as a substitute for private savings, pension plans, and insurance protection. It is, rather, intended as the foundation upon which these other forms of protection can be soundly built. Thus, the individual’s own work, his planning and his thrift will bring him a higher standard of living upon his retirement, … Read more