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...Saving more, another common prescription for fixing the 401(k), has its downside too. That's because of another unpleasant quirk of the 401(k), which was mentioned earlier: the older you are, the riskier a 401(k) gets. That's because contributions make up a very big part of the account's growth in the early years. Later on, once the account has grown, it is much more sensitive to market drops...

Author: /time Magazine | Title: Why It's Time to Retire the 401(k) | 10/9/2009 | See Source »

Suppose you won the lottery. What would you do with the money? Countries have faced similar questions. The most common example is a price commodity boom. A country exports a great deal of petroleum or copper or similar commodities. The price of this commodity zooms; the country’s revenues do as well. From Caracas to Lagos to Moscow and Tehran, governments whose countries have benefited from commodity price booms have rarely spent such a bonanza well. Chile witnessed a commodity price boom during this past decade, and it has set an admirable example for others...

Author: By JORGE I. DOMÍNGUEZ | Title: Investment for the Future | 10/8/2009 | See Source »

Last Thursday, at approximately 12:58 P.M., students could be seen casually kicking back in the citrus-colored common spaces chairs on the green in front of the John Harvard statue. At 1:03, to the shock of the tourists amongst them and unsuspecting students rushing to class, the sound of dance music shook the yard. For the next 15 minutes, the yard was awhirl with color and flailing limbs as students broke it down and then walked away like nothing had happened...

Author: By Kristen L. Cronon, CONTRIBUTING WRITER | Title: A Flash Dance in the Yard | 10/8/2009 | See Source »

Since TTT does not train its teachers - instead simply providing funding for them to be taught in any number of different schools or programs - there is no one pedagogical philosophy that links its teachers other than a military, mission-oriented mind-set. But that common background has translated into effective instruction and classroom management, according to William Owings, a professor of educational leadership at Old Dominion University who has worked on two studies of the program. "Principals and other supervisors have reported that these teachers worked better with problem children, worked better with parents and worked better with colleagues...

Author: /time Magazine | Title: From Iraq to Class: Turning Troops into Teachers | 10/8/2009 | See Source »

Despite the usual refusal of the left to deal with Le Pen, overlapping motives are driving the common offensive by traditional political enemies. "It's above all the first direct political consequence of the Polanski case, in which Frédéric Mitterrand became iconic of the élites defending [Polanski] by immediately thrusting himself to the heart of the controversy," says political commentator Alain Duhamel. "Some resent him as the living legacy of Mitterrand. The left is still furious at him for agreeing to serve under Sarkozy. Still others want to make him pay for his sophisticated...

Author: /time Magazine | Title: Mitterrand: A Friend to Polanski — and Young Boys? | 10/8/2009 | See Source »

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