Word: financees
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As the appropriately dubbed "Pension Palpitations" report details, the S&P 500's pensions are now collectively underfunded by at least $115 billion. The problem stretches far beyond the finance sector. Five of the companies with the highest dollar amount of pension underfunding, according to the report, are Raytheon (underfunded...
Corporate fear stems in part from sliding consumer confidence, which this week hit its lowest point ever recorded. "Consumers have been impacted by a serious downturn in every form of wealth and income that supports consumer spending, and battered by high levels of volatility in their stock accounts," says Stuart...
There has been progress, of course. More Afghan children are in school today than at any other time in the nation's history, and the private sector is growing. But such good news is easily undermined by the increasing insecurity and Afghanistan's rampant corruption. Ashraf Ghani, a former Finance...
But the growth in the ranks of those who pay no income tax does raise an important question that both Obama and McCain failed to fully answer during the current campaign: How the heck are we going to finance our government? The question has been looming for a while because...
So President McCain would find himself alone in hostile territory, beset by foes of every variety. Just the way he likes it. If any politician in recent memory could find success in that environment, it might be McCain. All his greatest hits as a Senator are variations on the same...