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...many policy experts say some type of change to our retirement-savings system is coming. First of all, given the market carnage, there is some backing for the idea - not to mention anger and disappointment among retirees who can't really retire. Recent opinion polls show that people would be willing to give up the flexibility of a 401(k) for a guaranteed return. What's more, the fact that ERIC supports a guaranteed plan is encouraging. "Whether the 401(k) is a perfect plan or even the right plan is something that is being questioned in Congress," says Democratic...

Author: /time Magazine | Title: Why It's Time to Retire the 401(k) | 10/9/2009 | See Source »

...Back at the golf course, Shively is not the only former Occidental employee toiling away in his retirement. There are three other former Oxy Pete workers among the staff. All would be better off today - and probably playing the course as opposed to working it - had Occidental stuck to its pension system. Still, Shively says he is not mad at his former employer. And so far, he hasn't found working in retirement to be too bad. Let's hope we all think the same...

Author: /time Magazine | Title: Why It's Time to Retire the 401(k) | 10/9/2009 | See Source »

...that may be starting to change. On Monday, the Presidents of two African countries, Thomas Boni Yayi of Benin and Blaise Compaoré of Burkina Faso, will be among a cluster of international dignitaries and industry experts who will make an international call for action against counterfeit drugs in Cotonou, Benin. The initiative is the brainchild of Jacques Chirac, the former French President, who wants to make the Cotonou declaration the first step of a worldwide campaign aimed at raising awareness of the problem and persuading governments to impose tougher penalties and improve routine testing of medications. The larger goal...

Author: /time Magazine | Title: How to Stop the Counterfeit-Medicine Drugs Trade | 10/8/2009 | See Source »

Kennaugh recently retired from his post as an oncologist at HMS and his appointment at the Beth Israel Deaconess Medical Center in Boston. Kennaugh and Amadio had over 100 pieces in their collection, according to Amadio, and works by Matisse, Rembrandt, Miro, Renoir, and Pollock are among the art that the two allege was stolen...

Author: By Elyssa A. L. Spitzer, CRIMSON STAFF WRITER | Title: Suspects Identified in Art Theft | 10/8/2009 | See Source »

...District of Columbia City Councilman David Catania introduced legislation legalizing same-sex marriage. The measure enjoys overwhelming support among City Council members, two of whom are gay, as well as the support of Mayor Adrian Fenty, virtually guaranteeing its passage. However, due to an archaic and unjust constitutional clause granting congressional veto power over all of DC’s local legislation, the bill’s fate is far from determined...

Author: By The Crimson Staff | Title: Let the People Decide | 10/8/2009 | See Source »

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