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...Committee on Education and Labor, running through the litany of what's wrong with the 401(k) and other defined-contribution retirement plans - they have high fees, for one - Ghilarducci didn't think she was courting controversy. "I was saying things that seemed completely milquetoast," she recalls. Ghilarducci did bring up a bold proposal to replace the 401(k) with a mandatory, government-run pension plan and suggested that Congress immediately allow retirees to swap 401(k)s battered by the stock market's collapse for monthly payouts from the government. But she had floated both ideas before, to little...

Author: /time Magazine | Title: Should the 401k Be Killed? | 12/4/2008 | See Source »

...badly hit Colaba district. All the other shops were still closed, but these men and women stacked up their tomatoes and eggplants, breathing that first bit of life back into the city. The siege was far from finished, and they couldn't know what that new day would bring, but they were there to be part...

Author: /time Magazine | Title: India: After the Horror | 12/4/2008 | See Source »

...system from collapse. (And anyway, it hasn't worked.) The purpose of a stimulus is to get the entire economy moving again. Put money in people's pockets and let them spend it. Or, even better, let's spend it together on national projects like fixing the highway system. Bring on the earmarks! Hey, Sarah--where did we stash those plans for that Bridge to Nowhere? (See pictures of the global financial crisis...

Author: /time Magazine | Title: Stimulus Nation: Pump It Up | 12/4/2008 | See Source »

...hope, then inevitability, it is now uttered with a sense of urgency--and among some, alarm. Under the terms of the status-of-forces agreement ratified on Nov. 27 by the Iraqi parliament, U.S. troops must leave no later than the end of 2011; a referendum next summer could bring that deadline even closer. As the drawdown gathers speed, it will diminish the U.S.'s ability to influence Iraqi affairs. "Very soon, we will no longer have foreigners to blame for our problems--or to solve them," says Amar Fayyad, a political scientist at Baghdad University. "Iraq will be walking...

Author: /time Magazine | Title: When the U.S. Leaves, Will Iraq Strut or Stumble? | 12/4/2008 | See Source »

...years called him "the Lion King" and drew sketches of his manhood in all its naked glory. That did not stop him from seeing her through three abortions and being, in his alarming words, "very violent with her for two days with my hand," but it does bring home how women could see something redeeming and inchoate beneath the mask of a curmudgeon who seemed determined to play Evelyn Waugh in brownface...

Author: /time Magazine | Title: V.S. Naipaul's Other Life | 12/4/2008 | See Source »

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