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...Brief History of the 401(k) Congress was trying to close a loophole on executive bonuses when it created the 401(k). Most companies intended 401(k)s - which were originally called salary-reduction plans but then renamed for the portion of the tax code that makes them possible - to be a perk for highly paid executives, not a pension replacement. That's because lower-paid employees probably could not afford to defer a portion of their paychecks. So companies held on to their pension systems even as they added 401(k)s, which by law they had to make...
...that sleeping with minors is indeed a crime - and that if, as Mitterrand's book suggests, that is what he did, he should step down. But Mitterrand has always maintained his novel was intended as a kind of full disclosure of things he'd seen and experienced. While the portion of the book dealing with prostitution might worry some readers - "I got into the habit of paying for boys," he writes - Mitterrand argues that his use of the word boy referred to younger men rather than minors. Many older gay men use the expression in that way, he says...
Unlike Cambridge, which elects representatives to its nine City Council seats by citywide vote, New Haven votes for its thirty aldermen by district. As a result, Yale, which occupies a large portion of the city’s first ward, has historically been successful in putting an Eli on the board...
...Depression-era child malnourishment, allowed the government to buy surplus food from farmers and set minimum nutritional values for each meal. Its budget grew under Eisenhower and Nixon, but the Reagan Administration slashed it by nearly $1.5 billion - making up for the cuts by revising nutritional guidelines, reducing portion sizes and (infamously) attempting to categorize ketchup as a vegetable. (See nine kid foods to avoid...
Kristof spoke of the “dirty little secret of development”—that bad spending decisions are disproportionately made by men: 20 percent of daily income in Africa is spent by men on alcohol, tobacco, prostitution, and sugary drinks, and a portion of that spending could be shifted towards educating girls, he said. Educating girls also has a positive economic return over time, he added...