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...recognition. What looked like safe stowaway spots where corporations securely tucked away assets for their employees' retirements now look like roller-coaster funds. In addition to sending shivers up the spines of employees who count on that income, the problem also threatens to haunt the bottom line at many major firms. Williams says some may be forced to consider mergers to accumulate bigger asset bases or may have to sell off strategic assets...

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

Pessimism is in vogue. As third-quarter earnings roll in, Wall Street's analysts are slashing prior estimates, predicting many dire months ahead for major American companies...

Author: /time Magazine | Title: A Dismal Earnings Outlook on Wall Street | 10/31/2008 | See Source »

Plus, with the Apple tax comes peace of mind. A major virtue of Steve Jobs' control-freak ways is that if something goes wrong with your computer, you know whom to blame. You call Apple or go to the Genius Bar at an Apple store. End of problem. With a PC, though, you have to try to figure out if you've got a hardware problem or a software problem. Invariably, you will be wrong, and the Microsoft-support rep will refer you to the PC manufacturer. Or vice versa. Repeat...

Author: /time Magazine | Title: Born to Hand Jive | 10/31/2008 | See Source »

...forced to say the line about spreading money around in student productions of The Matchmaker, taking innocent pleasure in the joke about manure while their little minds were being polluted with redistributionist propaganda. While I remember Wilder's plays as being flag-draped, I read in Wikipedia that his major theme was "the universality of the simple yet meaningful lives of all people in the world." Also, he was gay. So much...

Author: /time Magazine | Title: Obama, the Wealth Spreader | 10/31/2008 | See Source »

John McCain thinks Obama's "spread the wealth" comment is a major gotcha. He has locked his chops around this remark like a terrier around Obama's ankle and keeps repeating it. He regards it as self-evidently self-damning. On Meet the Press, McCain ducked Tom Brokaw's invitation to agree or disagree with Sarah Palin that Obama is a "socialist." But a day later McCain brandished a radio interview from seven years ago in which Obama had used the term redistributive change...

Author: /time Magazine | Title: Obama, the Wealth Spreader | 10/31/2008 | See Source »

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