Word: inertia
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...enrolled in 401(k)s when they're eligible. Companies would establish default settings to boost returns and make the portfolios safer as workers near retirement. People who worked for companies that didn't offer 401(k)s would be automatically enrolled in savings accounts. In other words, make inertia work for employees, not against them. However, a number of economists and policy experts think that while those changes would help, upgrading the 401(k) alone won't save the nation's retirement-savings problem. (See pictures of the recession...
...harsh language was intentional. "We talked about it beforehand and intended to deliver a message," says a senior Treasury official. Both on Capitol Hill and in the regulatory agencies, Geithner felt, the "searing experience" of last fall's near meltdown of the global economy was falling prey to inertia and in some cases lobbying. "The reality is that there are pretty powerful vested interests fighting this," says the senior Treasury official. "It's not the entire industry, but they have an interest in fighting change...
...This inertia of habit may ensure that after 50 years, even a debilitated ETA could be hard to eradicate. "Think of those communist parties in Western Europe, or neo-Nazi groups, who don't have the slightest chance of ever returning to power - they're still around," Sánchez-Cuenca says. "An organization is a lot harder to kill than an individual...
...financial crisis finally struck him and his 70 employees around the end of January. Orders from within Russia have fallen fivefold, he says, while combined foreign and domestic sales have fallen 30% to 40% this year. "Our sales were supported through the end of the year just on inertia," he says, adding that he doesn't believe that the government's attempt to bail out Russia's handicrafts industry will work. "I just think we will have to be patient for at least two years before we see a recovery. Nothing will help...
...this election. "Why should I bother to vote when my vote isn't respected?" a shopkeeper in eastern Tehran said to me. His wife, he said, was already hectoring him to vote. "She thinks it will make a difference. She'll probably make me in the end." Given the inertia and skepticism that reigned just a few months ago, the sudden energizing of public sentiment in the three weeks preceding the election was extraordinary. Seemingly overnight, Iranians sloughed their cynicism and began to follow the campaign avidly. Whatever you attributed this to - a delayed realization of what was at stake...