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...Where will all this lead? Companies that haven't done so already will likely move even more swiftly toward defined-contribution plans in place of defined benefits, because doing so reduces the potential scale of their future liabilities. The shift means firms will assure you, the employee, of how much they are putting into your retirement fund instead of promising how much you'll end up with. That latter amount will depend on how your investments perform rather than on the scope of your employer's pledge. "When my father was working, he knew what he would retire on," says...

Author: /time Magazine | Title: Pension Funds Weakened By Stock-Market Decline | 10/31/2008 | See Source »

...Masriadi has come to prominence so quickly that there has been little critical analysis of his work. "The art critics haven't caught up with the art market," says Ahmad Mashadi of Singapore's NUS Museum. And with about a week left to run on "Black Is My Last Weapon," his solo exhibition at the Singapore Art Museum, www.singart.com, you have a chance to see what the collectors have been fussing about. Expect to be amused and provoked...

Author: /time Magazine | Title: Black Humor | 10/30/2008 | See Source »

...loads of hoki stacked on the deck of his boat. He's also been let down by a helper who's scampered before the day's work is done. Which gets him started on how, as he sees it, the government favors certain types of people. "Basically, people who haven't got a lot," he says. "But I haven't got a lot either. I've got a big mortgage and I work really hard - 70 or 80 hours a week - and they take a helluva lot of tax from me. But I never seem to see much...

Author: /time Magazine | Title: Taking a Step to the Right? | 10/30/2008 | See Source »

...balance is right as it is, says Anne Dickson, a Maori single mother of five in South Auckland. "He's too hard," she says of Key. "Some of us are struggling. Some of us haven't got any skills." Through a government Family Assistance package, Dickson, 26, gets the rent paid on a three-bedroom house and $NZ350 a week in the hand. The money tends to run out by Mondays, two days before she's paid again. But she makes do by cooking stews that can be stretched over a couple of nights. She's grateful for what...

Author: /time Magazine | Title: Taking a Step to the Right? | 10/30/2008 | See Source »

...more potent Obama ground campaign. As more Democratic voters are checked off the list before Nov. 4, it allows his campaign to focus more of its energy and resources on the state's independents and undecideds. "You're simply able to throw that much more at the people who haven't voted yet," says Bishin...

Author: /time Magazine | Title: How Early Voting Could Cost McCain Florida | 10/30/2008 | See Source »

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