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...pension crisis will likely aggravate an already bleak financial outlook for many companies, and may stimulate a debate about retirement policy in this country. Already, President-elect Barack Obama has moved swiftly to address the worsening economic and financial crisis. Now, a key question is how, or if, President-elect Obama delivers on his campaign proposal to require companies that don't offer employee retirement plans to enroll workers in a direct-deposit IRA account, which may help many low- and middle-income people participate in retirement programs for the first time. "You can't have companies going from...

Author: /time Magazine | Title: Pension Funds Take Another Pounding | 12/5/2008 | See Source »

When President-elect Barack Obama met with America's governors earlier this week, he got an earful about the recession-induced budget crisis they face. On Thursday those words of woe were backed up by a fresh report on the rapidly deteriorating condition of state finances. Revenues are dropping so fast that state budget cutters can't keep up, according to a report released by the National Conference of State Legislatures (NCSL). States that collectively cut $40 billion in spending to balance their budgets over the summer are now facing an additional $32 billion shortfall as tax receipts come...

Author: /time Magazine | Title: States' Financial Outlook: Getting Worse Fast | 12/5/2008 | See Source »

Himmelstein said that the study represents additional evidence to support such a health care system, and he criticized President-elect Barack Obama’s health insurance reform proposals for not going far enough because it continues to rely on private health insurance companies...

Author: By Danielle J. Kolin, CONTRIBUTING WRITER | Title: HMS Sees Inequity in Organ Donations | 12/5/2008 | See Source »

...When you have Barack Obama in the running, you could argue he had a bigger impact on the world,” Reeve said...

Author: By William N. White, CONTRIBUTING WRITER | Title: Melton Second in Online Poll for Time Magazine Award | 12/5/2008 | See Source »

...seen to be responding to the Mumbai atrocities; at the same time, it has to prevent a confrontation with Pakistan that jeopardizes the U.S. effort in Afghanistan; and finally, it must avoid provoking a domestic political crisis in Pakistan that could bring down Zardari's civilian government. President-elect Barack Obama has made clear his desire to resolve the India-Pakistan conflict as a basis for stabilizing democracy and eliminating terrorism in Pakistan. The Mumbai massacre, however, may make crisis-management, rather than resolution, the order of the day for quite some time to come...

Author: /time Magazine | Title: After Mumbai, Can the US Cool India-Pakistan Tension? | 12/4/2008 | See Source »

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