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...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 by $1.6 billion), Johnson & Johnson ($1.5 billion), ExxonMobil ($1.4 billion), Macy's ($980 million) and Alcoa ($950 billion). "This is affecting the broad swath of companies that make up the fabric of what we call the 'real economy,'" says Mark T. Williams, a risk-management expert and finance professor at the Boston...
March 2005 Highest number on record...
March 2008 Highest so far this year...
...Power and Passion If key lacks intensity, that probably wouldn't bother many New Zealanders. While they take their politics seriously here - voter turnout in general elections has averaged nearly 90% since 1960, up there with the highest rates in the world among countries where voting isn't compulsory - they're also politically phlegmatic, saving their strongest emotions for more important matters, like rugby...
...increasing violence, which has 2008 on track to have the highest number of troop and civilian casualties in Afghanistan since the toppling of the Taliban regime in 2001, has prompted many in the Afghan government to consider reconciliation talks with moderate members of the insurgent group. Wednesday's bombing, however, may serve to dampen public enthusiasm for such talks. President Karzai, who was on his way to Turkey to attend the World Economic Forum on Europe and Asia, called the attack "heinous," saying "Our enemies are trying to undermine the recent efforts by the government for a peaceful solution...