Word: k
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...recasting of the American Dream. "Right now, the people going through this tragedy are in the process of reordering their lives, re-evaluating their place on earth, and trying to find a larger meaning," says a New Paltz, N.Y., psychologist indirectly hit by Madoff. Let's call him Dr. K. His parents, who live in Boca Raton, Fla., had their retirement millions wiped out. "My parents are now grateful for the things they do have," he says. (See the top 10 scandals...
...K flew down to Florida last week to help his parents sort out their new reality. "My mother is the practical one, she says, 'If we have to live this way now, we will. Those who will make it through this are those that don't identify themselves with their bank accounts, they will transcend this. Those whose egos and self are wrapped up in their assets will be lost...
...Want My 401(k)! I read Justin Fox's article with horror [Dec. 15]. The basic premise: a government-run pension is more secure than my 401(k). Curiously, I saw no mention of a current government program called Social Security - one the government has handled so expertly I probably will never get to collect from it. Now those same people think they can do better with retirement funds? It is easy to make decisions when the rules don't apply to you. No members of government will have to worry about their pension or medical care. The market works...
...previous days had the President-elect reliving the pastimes of his youth. On Sunday he joined three friends at 12:30 p.m. for a round of golf at the Olomana Golf Links, a public course near the beachfront vacation home where he is staying. Peter K. Yamashita, general manager of the golf course, said Obama's childhood friend Bobby Titcomb called and told him the President-elect wanted to play a round. Yamashita was worried that the recent wet weather that brought 14 inches of rain to Oahu in one 12-hour period would make it an unattractive place...
...read Justin Fox's article with horror [Dec. 15]. The basic premise: a government-run pension is more secure than my 401(k). Curiously, I saw no mention of a current government program called Social Security--one the government has handled so expertly I probably will never get to collect from it. Now those same people think they can do better with retirement funds? It is easy to make decisions when the rules don't apply to you. No members of government will have to worry about their pension or medical care. The market works; government does not. Charles...