While Republican presidential hopefuls are talking about pink slips and the joys of firing people, many agencies in the Obama administration are quietly paying employees to leave their jobs. Buyouts and early retirement programs are the scalpel Uncle Sam uses before he has to turn to the hatchet of layoffs. Read full article > >

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Federal agencies tighten belts with buyouts, early retirements

Paul Scholes comes out of retirement and will play for Manchester United until the end of the season.

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Scholes comes out of retirement

Many older unemployed people — nearly two million over age 55 — must make tough decisions about how to make up for lost income.

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Your Money: Laid Off, With Retirement Almost in Sight

VATICAN CITY — The pope has accepted the early resignation of a Los Angeles bishop who recently acknowledged being the father of two teenagers. Los Angeles Auxiliary Bishop Gabino Zavala, 60, resigned Wednesday under the code of canon law that lets bishops step down earlier than the normal retirement age of 75 if they’re sick or for some other reason that makes them unfit for office. Read full article > >

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California Catholic bishop resigns after admitting he has 2 teenage children

Almost nine years into the basketball legend's retirement, a new version of Michael Jordan athletic shoes can still send fans into a mad frenzy: Stores nationwide were the scenes of violence and police officer injuries Friday, authorities said.

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Air Jordans incite shopper violence

A light rain was falling, so two-time Olympic kayaker Scott Parsons tugged on a vinyl jersey before hauling his kayak down a steep hill that runs next to his rental apartment in Bethesda. He crossed the Clara Barton Parkway in his bare feet, walked gingerly down a gravel path, then slid his kayak into the Feeder Canal on the Potomac River to train. ¶ Seven years after his first retirement, and three years after his second, Parsons is back in his boat, driven once again by the nagging sense that he never got to finish his career properly. He finished sixth in the 2004 Summer Games in Athens. He missed the final at the Beijing Games in 2008 after a crushing late penalty pushed him from third place to elimination. ¶ He looks to the 2012 Summer Games in London for an Olympic medal, and closure. He hopes, most of all, to find the validation and satisfaction missing on previous Olympic trips. Read full article > >

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London 2012: Kayaker Scott Parsons is back for a final shot at medal

Mitt Romney’s retirement deal with Bain Capital has been worth millions of dollars each year since 1999.

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Retirement Deal Keeps Bain Money Flowing to Romney

With deeper budget cuts looming, the Pentagon is starting to cut back by trimming the Defense Department’s civilian workforce. The Army said Thursday it is moving forward with plans announced in July to cut about 8,700 positions, using a mix of early retirement offers, buyouts and attrition to trim the jobs by the end of the fiscal year in late September. Read full article > >

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Army slashing 8,700 jobs as budget cuts begin

The change reflects demographics, in part, but also government cost-cutting that has resulted in less generous pay and benefits.

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More Public Sector Workers Are Retiring

BOSTON — Carlos Rafael, who owns a fleet of boats that trawl New England waters for scallops and fish, offers a terse assessment of how Barney Frank’s coming retirement will hit local fishermen. “It’s a disaster,” he said. Frank is known nationally as Congress’s first openly gay lawmaker, co-author of a massive bill to regulate Wall Street or bane of conservatives. But to the region’s battered fishing fleet, the Massachusetts Democrat has been a steady and effective ally who can’t be quickly replaced. Read full article > >

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Barney Frank is fishermen’s friend in Congress

Church members, residents of a retirement home and a library knitting group come together to knit a community Christmas tree.

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Community knits Christmas tree

The morning after his retirement announcement, Rep. Barney Frank scored an interview on NBC’s “Today” show , gaining the opportunity to act as an elder statesman in front of a TV audience of millions. Instead, the Massachusetts Democrat chose to quarrel with the interviewer. “You said that your district has been redrawn in a way that would make it more difficult for you to win reelection,” host Savannah Guthrie said. Read full article > >

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Barney the bully: Congressman Frank’s other legacy

Politicians are often obsequious speakers, and their responses to even the most outrageous affronts are typically, well, politic. Not so Barney Frank. The longtime Massachusetts Democrat, who reportedly will announce his retirement after more than 30 years in the House, has a tongue that’s more acid than silver. Read full article > >

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Barney Frank’s quips: He might be retiring, but his rhetoric never was

Robert W. Klotz spent 25 years policing protests in Washington — a city he calls the “demonstration capital of the world.” He was in charge of the special operations division of the D.C. police from 1977 until his retirement as deputy chief of police in 1980 and since then has continued to work as a consultant on police practice and crowd control. On Wednesday, one day after police in New York cleared Zuccotti Park of Occupy Wall Street demonstrators , Klotz talked about the challenges of policing Occupy D.C. and speculated about what might lie ahead in McPherson Square and Freedom Plaza . Read full article > >

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Occupy Q&A: Robert Klotz, former D.C. police official, talks protests, then and now

The founding president of the UK’s Supreme Court, Lord Phillips, has defended the Human Rights Act as he announces his retirement.

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Retiring top judge defends rights