Word: baracks
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...That leaves the question of just what the best retirement-savings system for working families might look like. There have been several proposals (including one by Barack Obama during the campaign) to create modestly subsidized, automatic IRAs, at least for the more than 50% of private-sector workers who don't have access even to 401(k)s. Ghilarducci wants more - a government-run plan, financed in part by the end of the 401(k) tax deduction, that would guarantee a 3% return above inflation. Don't think that's a good deal? Fine. But remember that for most Americans...
...Bachus, the ranking Republican on the Committee on Financial Services, got the House hearings going. The incoming Administration is not holding out much hope that Congress can find a solution in the coming weeks. Instead, it is looking at what options - and pots of money - will be available once Barack Obama takes office...
President-elect Barack Obama's Administration-in-waiting is quietly exploring options for negotiating a bailout of the ailing auto industry when the Democrat takes office in January. While no one is ruling out the possibility that Congress will appropriate money next week, a senior Obama aide told TIME, there is a sense that a comprehensive solution is unlikely to come from whatever legislative action Congress may take before the end of the year...
...Susan knows the global challenges we face demand global institutions that work. She shares my belief that the U.N. is an indispensable and imperfect forum." - Barack Obama, on Rice's appointment, Washington Post...
...paper, President-elect Barack Obama's choice for United Nations ambassador has much in common with another boundary-breaking, African-American, Stanford-affiliated, female foreign policy expert with the same surname. But the similarities with Secretary of State Condoleeza Rice end there. Susan Rice brings to the U.N. job a career devotion to African affairs and eight years of experience in the Clinton administration...