Word: fergusonism
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...Adam Ferguson's excellent photography brought it all back home [Oct. 12]. Medevacs removing the wounded, sentries monitoring the perimeter, soldiers shaving with whatever was available--Vietnam all over again. Until the U.S. leadership looks at our history, we will never learn from our mistakes. I was in the eighth grade when the first Tennessee soldier was killed in Vietnam in 1962, and 10 years later I was fortunate to return from service with the 1st Air Cavalry Division in Vietnam. Let's hope the decision makers review Ferguson's work while examining the war in Afghanistan...
...retirement has come to be dominated by one plan: the 401(k). But the financial crisis and resulting market meltdown showed the 401(k) to be far from perfect. A number of academics and others have proposed either changes to the 401(k) system or scrapping it altogether. Roger Ferguson Jr., chief executive of the investment firm TIAA-CREF, is one of the few financial executives who have backed changing the system. Ferguson's opinion is sure to have some sway. He is a former vice chairman of the Federal Reserve and a member of President Obama's Economic Recovery...
Unsurprisingly, his solution is the one his company already sells - a 401(k)-like plan that Ferguson says has done a better job of boosting retirement savings than the original. The 3½ million retirement accounts in the TIAA-CREF system have an account that is on average 50% higher than the average 401(k). Ferguson pitched his company's solution to the retirement-savings problem to TIME. (Listen to TIME's Financial Toolkit: Should We Scrap...
...August, photojournalist Adam Ferguson, who has visited Afghanistan repeatedly to document the lives of U.S. infantrymen, landed there again, this time on assignment for TIME. His mission was to join Apache company, a detachment of 102 soldiers who had arrived a month earlier to establish a combat-operations post in the Tangi Valley, not far from Kabul. An incongruous strip of greenery between two bone-dry mountain ranges, the valley has become a flash point for the Afghan insurgency. By the time Ferguson got there, 26 men of Apache company had been wounded in the seven weeks since their arrival...
...hear more about Adam Ferguson's photographs, go to time.com/ferguson