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...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, the 401(k) isn't either...

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

...board that sets ECB monetary policy seems to be divided over the best way to deal with the financial crisis. When asked about the discussion behind closed doors, Trichet would say only that the board reached a "consensus" on its decision. But consensus does not mean unanimous and there is plenty of reason to believe that some members think the ECB is going too far, too fast...

Author: /time Magazine | Title: Is Europe's Central Bank Missing the Crisis? | 12/4/2008 | See Source »

...letter called for the murder of Van Gogh’s co-producer, Ayaan Hirsi Ali, a Dutch Parliamentarian and former refugee. Hirsi Ali was forced to spend the next several years in hiding until she moved to the U.S., where she still requires a great deal of security because of continued threats on her life. [SEE CORRECTION BELOW...

Author: By Lucy M. Caldwell | Title: Lessons From Mumbai | 12/3/2008 | See Source »

...While offering little return on investment to the United States, missile defense has cost America immeasurably in the diplomatic arena. In 1986, Ronald Reagan and Mikhail Gorbachev were on the verge of agreeing to a “double-zero” deal in which both the U.S. and the Soviet Union would eliminate their entire nuclear stockpiles—and with them the specter of nuclear war at large. But Reagan’s refusal to surrender his “Star Wars” missile defense shield scuttled the agreement. More recently, the Bush administration?...

Author: By Dylan R. Matthews | Title: The First Cut is the Deepest | 12/3/2008 | See Source »

...China firmly opposes any contacts with the Dalai Lama by foreign leaders in whatever form," Qin said in a statement released by the state-run Xinhua news agency. "We hope that France could fulfill its commitments, and properly deal with China's major concerns in earnest so as to create conditions for the steady development of bilateral relations...

Author: /time Magazine | Title: Why China Keeps Picking on Sarkozy | 12/2/2008 | See Source »

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