Word: baddings
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...have expelled members whose tumors metastasized, lest they bring the other members down. In the workplace, employers culled "negative" people, like those in the finance industry who had the temerity to suggest that their company's subprime exposure might be too high. No one dared be the bearer of bad news. The purpose of work, at least in white collar settings, was to flatter and reassure the boss, who had in turn probably read enough of the business self-help literature to believe that his job was to motivate others with his own relentless and radiant optimism. (Read "A Primer...
...defenders say bad markets don't make the accounts a bad idea - and that it's still too soon to tell whether they work. Many companies adopted them less than 20 years ago. Even then, most firms (including mine) still provided pension plans to their workers. So boomers retiring now were never focused on piling money into 401(k)s. In order for the plans to succeed, workers have to stash savings regularly for about 30 years. Most accounts haven't been around that long...
...cost would be enormous, and the expense makes them less competitive globally. "There are people in the Obama Administration who are supportive of some kind of guaranteed system," says Dean Baker of the Center for Economic and Policy Research. "People should not have to shoulder the risk of a bad turn in the market...
...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...
...They were pretty bad at it. It didn’t hurt very much,” said Mao. His shouts attracted the attention of neighbors, who called the police...