Word: congresses
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Ultimately, many companies will have to boost contributions to their pension plans to recover from this year's loss. How that occurs is partly governed by the Pension Protection Act. But experts say some companies will lobby for Congress to relax some aspects of the act, arguing that being forced to significantly increase contributions to pension plans may force them to file for bankruptcy. When President Bush signed the Pension Protection Act in 2006, companies won cost-savings concessions, such as the ability to use a higher interest rate in computing lump sump pension payouts. But the savings from those...
...India's Katrina There is one glaring discrepancy in comparing the Taj to the Twin Towers. Americans of all political stripes came together on 9/11 and during its aftermath. In India, the feud between the ruling Congress Party and the opposition Bharatiya Janata Party (BJP), composed of Hindu nationalists, never paused. On Nov. 28, while Mumbai was still in the grip of terror, the BJP released a campaign ad for coming state elections that said, "Brutal terror strikes at will. Weak government: unwilling and incapable. Stop terror. Vote BJP." Narendra Modi, the Chief Minister of Gujarat who has been widely...
...with the hope that they would work together for the common good. And for decades, most of these politicians have acted like spoiled, self-interested toddlers. "Change we can believe in"? Our needs are much simpler than that. At this point, we would settle for someone who can persuade Congress to act like adults - and maybe even share. If not, we will be interviewing for a new day-care provider in 2012. Patrick Hester, CARY...
Instead of bailing out an auto company that has not been competitive or innovative in years, why not give the funds to car companies that are doing well? Congress could require that the companies invest in the U.S., but other than that, let the market decide. Instead of throwing good money down a sinkhole, let's reward businesses that are innovative and give customers what they want. That used to be called capitalism. Carlos Gonzalez-Najera, BURLINGTON...
...precise truth of the matter matters little. The facts may never be uncovered, and certainly never released to the public. Faced with an election in May, the Indian National Congress, currently in power, will never attribute the deed to Indians, be they anti-modern Indian Muslims in a global terror network, or Hindu extremists funded by BJP. They will continue to blame rogue Pakistani nationals, but not the Pakistani state. Even if the assassins weren’t really rogue Pakistani Muslims, public discourse will remain framed in terms of Indian-Pakistani security relations. By blaming rogue extremists, the usual...