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...market crash may be dealing that already waning concept a final, fatal blow. A new report from Goldman Sachs' Global Markets Institute illustrates that massive equity losses have resulted in S&P 500 companies' pension funds, which had been overfunded at the start of the year, fading so fast that they are now underfunded as a group. Instead of holding 108% of the assets they were promising to provide to retirees, they now hold just 91% (and falling...
...source of tension is that the media run so fast while politics moves so slow. By February, political observers doing the math saw where the Democratic primary was going--but it would take three months to get there. So the media revved their engines like a car in neutral: SexismRacismWrightBillaryBitterBowlingBosnia! While Hillary Clinton and Obama won their expected states with the precision of a German train schedule, the 24-minute news cycle played each victory as: Comeback! Counter-comeback! Counter-counter-comeback...
...most obvious solution--an Iraq-style surge--is unlikely to succeed. President Bush has promised to begin sending 8,000 more troops before he leaves office, and both presidential candidates have pledged at least an additional two brigades. But any troops are unlikely to arrive fast enough or in sufficient numbers. Afghanistan is a third larger than Iraq in size, and its terrain is a lot more difficult. Counterinsurgency expert John Nagl has estimated that there should be 600,000 troops--including Afghan ones--inside the country to quell the Taliban and al-Qaeda threat. Currently there are only about...
...part of a long-standing FM tradition, our third annual Fast Fashion Challenge tested the creativity and stamina of the six designers. With only 24 hours and 24 dollars, FM dared these intrepid couturiers to create inspiring looks based on six distinguished Harvard alumni...
...Fast Facts...