Word: democratization
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Dates: during 2000-2009
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...balance, there's widespread agreement among those who study retirement matters that the 401(k) has so far proved a less-than-adequate replacement for disappearing corporate pensions. "It may be a good tax-free-savings system for wealthy individuals," sums up George Miller, the California Democrat who chairs the Education and Labor Committee and plans to spearhead a re-examination of the 401(k). "It may not be the best retirement-savings system for working families...
...Senators on the panel did agree on one thing: that any money would not come without some strings. "It's happening with the [$700 billion bank-bailout] program, where there is no strategy, and we're just throwing money out there," said Senator Bob Menendez, a New Jersey Democrat. In addition to monthly updates on the Big Three's progress, many members of Congress want an oversight board or a single trustee to be empowered to win concessions from employees, retirees, dealers and creditors that are essential for any long-term restructuring plan to work...
...three said they had carpooled or drove themselves and planned on driving back. "Where'd you stay? What'd you eat?" Dodd, a Connecticut Democrat, quipped...
President-elect Barack Obama's Administration-in-waiting is quietly exploring options for negotiating a bailout of the ailing auto industry when the Democrat takes office in January. While no one is ruling out the possibility that Congress will appropriate money next week, a senior Obama aide told TIME, there is a sense that a comprehensive solution is unlikely to come from whatever legislative action Congress may take before the end of the year...
...battle we face is not of Republican versus Democrat but of the indifferent versus the committed." - on prioitizing the needs of Africa, as President George W. Bush was coming into office, Associated Press...