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In March, 2000 the party has ended, but, of course, many have not wanted to believe in it. And still slowly but surely the true has started to emerge on a surface. In the first paragraph of the leading article itBusiness Weekit from February, 25th, 2002 very intelligible picture is drawn:Further the author of article sums up:
Approximately 100 million investors it about half of all adult population of America it can subscribe under it. They represent a new class, the class of the investors which have appeared last decade. Mainly people with average incomes and inhabitants of suburbs, these bebi-bumery "were bought" on a fairy tale that the stock exchange will make them more richly. They had fun during long itthe market of bullsit in 1990. But since the spring of 2000 when explosion of the companies dotcom became the beginning of the second it on weight of consequences since the Second World War of "the market of bearsit, they have lost five billions dollars, or 30 percent of the market status, And it was not money from game in "Monopoly"; it was money for a life in an old age, on education of children, on payment of medical bills.
The problem becomes more
The rich daddy has explained to me as there was this problem:
it When in 1900 America became world power, migration of millions hands from agriculture sphere in cities where it was possible to get highly paid job at new factories and factories has begun. Factories and factories have very quickly gained in strength, but have simultaneously created a new problem: it was not known that to do with old workers.
it That is why during Great depression the Law on social security has been passed, it I have interrupted, having remembered that the program itSocial Securityit has been accepted in 1930. It It is ready to argue, it has brought pleasure to many old men.
it Yes, has brought, it the rich daddy has agreed. It also continues to bring now. But when the Second World War has burst, factories and factories have restored former power, and the industrial boom in America proceeded even after war. In these conditions many trade unions have started to demand for the workers pension after dismissal on age. Trying to please trade unions, the corporate management has agreed and has started to create pension plans of category DB.
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