Word: lowests
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...either don't participate or don't set aside enough money to give them a shot at a comfortable retirement. Those who do save enough often bungle their investment choices. Those who choose well pay higher investment fees generally than pension funds do. Even participants in the best-run, lowest-cost retirement funds face the risk that the market will tank - as it has done this year - when they're close to retirement. At retirement comes another issue: pensions insure against the risk that you'll outlive your money, because they pay until...
...face of the economic erosion under way. The Bank of England cut its key rate by one percentage point to 2% today, while Sweden's central bank cut its key rate by 1.75 percentage points. The U.S. Federal Reserve's main lending rate now stands at 1%, the lowest level in five decades...
...good times, however, are gone. Last year the government allocated zero irrigation to the basin's farmers, and they produced just 18,000 metric tons of rice, the lowest yield since 1927. "No one around here has ever seen conditions like this," says rice grower Les Gordon, standing on the cracked ground of his 4,000-acre farm near the town of Barham...
...DiGiovanni said GM's number crunchers estimated new vehicle sales, on per capita basis, had dropped to the lowest level since the recession of 1958. "2008 will go down as unlike any other year in the industry, and thus, comparisons to 2007 sales have become irrelevant," said Jim Press, Chrysler chairman...
...Across the country, energy companies are quickly cutting their exploration efforts. On Tuesday, oil fell to $46.85 a bbl., its lowest price in 3 1/2 years, down significantly from the $140 it traded for this past July. Natural-gas prices are well off highs too. And that is causing energy executives, recently determined to drill in places long considered uneconomical, to rethink their plans. "Oil and gas companies are going to meaningfully cut their budgets next year," says Larry Nichols, chief executive of Devon Energy, one of the nation's largest exploration companies. "And that includes us." (See TIME...