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...people who shared their financials with us would have been better off in a pension. And nearly all of them, save possibly Maul, do not have the resources they need to live another 20 years in financial comfort. "It's the biggest scam ever put over on the American people," says Dennis O'Neil, a former human-resources executive who worked for Occidental for 29 years...

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

...idea that we could ever save enough to pay for 30 years of leisure is a relatively recent invention. An entire profession, financial planning, is dedicated to telling people they can, and must, pay for their own retirement. A 401(k) is usually a central part of those plans. Even for people who don't have enough money to send their kids to college or buy a home, building their 401(k), they are told, is their first priority. It's not terrible advice. The accounts grow tax-free, though you have to pay Uncle Sam's levy when...

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

After Mather's IM teams missed a number of games this season, chaos erupted over the ever entertaining Mather-open list last week...

Author: By H. Zane B. Wruble | Title: Mather Will Forfeit No More | 10/9/2009 | See Source »

...member states. The last time the U.S. tried to pass the nuclear-test-ban treaty, under President Bill Clinton, the then obscure junior Senator from Arizona, Jon Kyl, launched a successful effort to undermine passage. Now Kyl is the No. 2 Republican in the Senate and more powerful than ever...

Author: /time Magazine | Title: Why the Prize Is Premature | 10/9/2009 | See Source »

...Discretion and innovation in the world of toilets are probably not a surprise to anyone who has ever used a bathroom in Japan, where Toto - the Japanese company that manufactures johns that can do everything but your taxes - is omnipresent and the "sound princess," a fake flushing noise to disguise that of urination, is installed in virtually every public restroom. Nevertheless, ANA has apparently decided to spare its non-Japanese-speaking customers the potential embarrassment of preboarding potty talk. Though the Japanese-language announcement video at the gate for domestic departures politely advises travelers to use the bathroom before boarding...

Author: /time Magazine | Title: Go Early: Japanese Flyers Get Some Bathroom Advice | 10/9/2009 | See Source »

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