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So , in particular , they would be mandatory and when you get to retirement , you would be required to take out all your money in the form of an annuity a payment that lasts as long as you live . The rest of the company , interested in the extent of our play , had abandoned their own cards , and were standing around us as spectators . Erzo Luttmer ’ s work here at the Kennedy School shows that people who live around poor people of different races are much less sympathetic towards welfare whereas people who live around poor people of the same race as themselves are much more sympathetic towards welfare . Kissam , of Brunswick , Maine , appears to me , I confess , a little apocryphal , for several reasons ; although there is nothing either impossible or very improbable in the statement made . Jerusalem 's longtime mayor , Teddy Kollek , died on Tuesday . This approach , however , was still impetuous in the extreme ; and it soon became alarmingly certain that , although I had probably not [ page 43 :] been deceived in the expectation of an atmosphere dense in proportion to the mass of the satellite , still I had been wrong in supposing this density , even at the surface , at all adequate to the support of the great weight contained in the car of my balloon . I think the second thing — and this came out of our research — is that the process of adopting children from state agencies is rather difficult . Kollek served simultaneously as mayor of Jerusalem and head of the Jerusalem Foundation , which raised hundreds of millions of dollars for the city . In today ’ s economy an outstanding graduate of a leading business school earns a substantially higher salary than a potential Nobel prize winner graduating with a PhD in biology .