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...Palace intrigue isn't the Dear Leader's only headache. Launched in 2002, North Korea's half-hearted economic reforms have failed to fix its flat-lining economy. Instead, they have fueled rampant inflation and an uptick in public discontent. The country will require outside help to feed more than a quarter of its estimated 23 million people next year, the World Food Program warned last week, despite the best harvest in 10 years. Economic reforms have cut subsidies to households and factories while millions remain out of work. With inflation running at more than 100%, even many people with...
...that famous Harvard graduate John Kennedy once said, “the time to fix the roof is when the sun is shining.” Unauthorized file-swapping is a viral threat that we must bring under control now—before it becomes “acceptable” to new generations of computer users. Individuals must realize that there are real consequences when you steal copyrighted works...
Bush has in hand a 2001 blue-ribbon President's commission report that concluded that personal accounts can work as part of a long-term fix. The commission's work is expected to be the starting point for reform discussions. A member of the commission, Robert Pozen, CEO of mutual-fund firm MFS Investment Management, says he believes future benefits must be cut to fix the system. He endorses personal savings accounts as "the sugar to get people to accept some slowdown in the growth of benefits." So far, advocates of reform have promised that people near or at retirement...
...savings accounts emerged as a Social Security component in academia as far back as the 1950s, but the idea remained dormant until the 1980s, when Ronald Reagan ignited a Republican revolution and the recently formed libertarian think tank the Cato Institute latched onto personal accounts as a free-market fix. Retirement savings, in the free marketeers' view, should be seen as dynamic investments rather than welfare-state safety nets. Indeed, the Cato economists and others concluded that Social Security just wasn't a good investment, based on what taxpayers put in and what they ultimately get out. The President...
...others to pay for his choice: "We simply ask society for the right to have the children we want to have, and to be able to live in decent conditions." Francesco Billari, a professor of demography at Milan's Bocconi University, says large families are the only way to fix Europe's dangerous population slide. In Italy, he says, "even a three-child family is considered completely deviant. That notion has to be avoided; otherwise you can't ever achieve [population] equilibrium." As Europe looks for new ways to convince couples to have more children, it might start by helping...