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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...

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

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...

Author: /time Magazine | Title: The Auto Bailout May Wind Up on Obama's Plate | 12/3/2008 | See Source »

...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...

Author: /time Magazine | Title: U.N. Ambassador: Susan E. Rice | 12/3/2008 | See Source »

...Ryan D. Zampardo, a senior in Mather House, the first difficulty in attending the upcoming presidential inauguration is getting a ticket. A Democrat from Michigan, he has contacted his local representative in Congress but has not yet received a response. But even if he succeeds, he will face a possibly more difficult situation than national politics: January 20, the day of the inauguration, is in the middle of the College’s final exam period, and Zampardo happens to have a test that day, one that counts for 40 percent of his grade for the class and may prevent...

Author: By Anita B. Hofschneider, CONTRIBUTING WRITER | Title: Students Protest Jan. 20 Exams | 12/2/2008 | See Source »

...really, there's no such thing as a "filibuster-proof 60-seat majority," even if Martin pulls off an upset and Al Franken wins his recount against Republican Norm Coleman in Minnesota and Joe Lieberman still counts as a Democrat. Senators don't always vote in partisan lockstep; President Barack Obama could succeed in recruiting Republicans on some issues with a 58-seat Democratic majority, and he could find himself stymied by defections on some issues with a 62-seat Democratic majority. In the Senate, even one determined naysayer is capable of grinding the institution to a halt...

Author: /time Magazine | Title: What's Really at Stake in Georgia's Senate Runoff | 12/2/2008 | See Source »

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