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Gold/Mining/Energy : Gold Price Monitor
GDXJ 93.03+3.0%Nov 7 4:00 PM EST

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To: Zardoz who wrote (46035)12/17/1999 7:14:00 AM
From: long-gone  Read Replies (1) of 116753
 
And are we seeing an overall change in attitude toward investing in the market?
How Wall Street Is Taking Over Workers? Pensions

By James Ridgeway

In the Huntingdon, Pennsylvania, fiberglass plant owned by the French firm, Groupe Porcher, workers in their off moments are encouraged to use nearby computer terminals and check out the stock market.

Like those in thousands of other plants and offices across the nation, the 450 workers here at the former Owens Corning plant are in the midst of a seismic change. They are being nudged ? some would say pushed ? into a new-fangled 401k pension scheme and away from the old reliable pension plan. Under the old plan workers were assured of a set payment every month. Under the new scheme, the payment depends upon how well they can play the market. If they?re smart, maybe they can make a million and retire. (cont)http://www.igc.apc.org/dollars/1999/225ridgeway.html
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