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...1990s, the city of Hoeryong, North Korea, bore testament to the privations of life under the country's Stalinist regime. Untold numbers of locals starved to death during a famine that may have killed some 2 million or more nationwide. But the outlook has brightened considerably for the estimated 100,000 residents, due to the arrival of a force the North Korean government has spent almost 60 years trying to keep out: capitalism...

Author: /time Magazine | Title: Cracks in Kim's World | 2/13/2005 | See Source »

...Bore Me Stiff. Chronologically, they're both in their late fifties, but spiritually and psychologically, Charles and Camilla appear to be somewhere in their early nineties. They were born this way, one senses, which may be why they fell in love originally and why their affair has been able to survive so much noisy public disapproval and so many years of relentless tabloid controversy. Slowly, steadily, and relentlessly, their plodding, undemonstrative tortoise love has numbed the public and put the critics to sleep, neutralizing scandal through sheer boredom and reminding us that marriage is not the only way to turn...

Author: /time Magazine | Title: Regrets Only | 2/12/2005 | See Source »

...investment accounts for Social Security. Over the past quarter-century, most Americans have moved from traditional pension plans into retirement savings plans funded by employer and employee contributions. Those are private investment accounts, and all involve risk. Individuals own those accounts and manage them. At one time, the employer bore the risk and responsibility in a pension plan, but now the employee does. I find comfort in having Social Security as a defined benefit, a guaranteed amount, one not dependent on the whims of the market. Eric Saunders Philadelphia Bush misled our country into going to war when he claimed...

Author: /time Magazine | Title: Letters | 2/8/2005 | See Source »

...investment accounts for Social Security. Over the past quarter-century, most Americans have moved from traditional pension plans into retirement savings plans funded by employer and employee contributions. Those are private investment accounts, and all involve risk. Individuals own those accounts and manage them. At one time, the employer bore the risk and responsibility in a pension plan, but now the employee does. There are no guarantees of good investment outcomes. I find comfort in having Social Security as a defined benefit, a sure amount not dependent on the whims of the market...

Author: /time Magazine | Title: Letters: Feb. 14, 2005 | 2/6/2005 | See Source »

Talking with reporters recently about Iraq's elections, President Bush bore witness to a quintessential American faith. "If people," he said, "are given a right to express themselves in a ballot in the ballot box, in the public square, and through a free and open press, it'll lead to peace...

Author: /time Magazine | Title: The Truth About Elections | 1/23/2005 | See Source »

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