A rooftop pool with an image of a $100 bill at its base. That’s the first symbol of cold opulence seen in the new film, “Tower Heist.” The story pits a corrupt financial investor against a group of employees at a residential high-rise. The employees had invested their pension funds with the investor and when he turns out to be a thief, they decide to steal their money back
At a recent National Speakers Association convention, agewave.com futurist Ken Dychtwald shared a startling fact, "Two-thirds of the people who have ever lived past 65 throughout history are alive today." That's not surprising when he reports that that for 99% of human history life expectancy was 18 years of age. By 1900, it was only 47.
The company is locked in a showdown with its lenders, and they hold the cards. To keep them at bay, the company needs to raise cash, primarily through the sales of assets and legacy businesses.
I am attempting to figure out just how deep in the hole Greek pension plans are. I have not had any luck finding plans or asset holdings but there are a few things we know and some assumptions we can make.