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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 29, 1990
Page
9
The Labor Department notes only one in four company pension checks kept pace with inflation in the late 1980s. Many firms shifted to defined contribution plans with lower or delayed retirement income, while keeping traditional defined benefit plans smaller and less common.
Gorbachev urged calm as Soviets confront rising anxiety over the Supreme Soviet review of the market reforms. He defended plans for a phased price liberalization and state asset privatization, while promising aid for the needy and retraining for workers. Bread prices are forecast to triple with other foods doubling, and about 60 percent of state enterprises may move to private hands by 1995.
U S and Soviet officials argued over ruble to dollar conversion for travelers with a compromise at 8.75 percent of space on U S airliners bought with rubles convertibles. Delegations met in three sessions totaling six hours while other disputes include missiles, bombers, and test allowances.
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