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...Earlier this year, mutual-fund company T. Rowe Price tried to determine the optimum retiree portfolio - the mix of stocks and bonds that would produce the highest returns without the risk of the nest egg running out. To do this, the analysts ran something called a Monte Carlo simulation, which mimics the real-life ups and downs of the market. Most of the time, the market goes up slightly. But some years - ka-pow! - stocks and bonds do spectacularly poorly. What T. Rowe Price found should frustrate anyone who has spent time wondering if 25% of a portfolio should...

Author: /time Magazine | Title: Why It's Time to Retire the 401(k) | 10/9/2009 | See Source »

...bone smoothies, and hovercrafts. We’re also enjoying the running joke about Will’s alleged perm, although we were shocked at Sue's violence toward a senior citizen. Also, we’re tickled that Sue was born in the Panama Canal Zone and still ran for office twice. Admirable...

Author: By Luis Urbina | Title: Recap: "Vitamin D" | 10/9/2009 | See Source »

That was music to the ears of many Tories, straight and gay, who have been trying for years to modernize their party. In 2000 Christina Dykes launched Absolutely Equal, a conference event that ran for a number of years and was supported by several minority-rights organizations, in an attempt to broaden her colleagues' focus. "After the bad defeats in 1997 and 2001, the party closed in on itself," she says. "We were just talking to ourselves." Matthew Parris, now a prominent writer and broadcaster, served as a Tory Parliament member during the Thatcher era and remembers when organizers...

Author: /time Magazine | Title: Nasty No More? Britain's Tories Reach Out to Gays | 10/8/2009 | See Source »

...rights supporters was especially wide following the passage of legislation by Prime Minister Margaret Thatcher's government in 1986 to bar the "promotion of homosexuality" in schools, an act that was repealed only after the Labour Party came into power in 1997. Adrian Rogers, a Conservative who ran unsuccessfully in that year's election against an openly gay Labour candidate, declared homosexuality to be a "sterile, disease-ridden and God-forsaken occupation...

Author: /time Magazine | Title: Nasty No More? Britain's Tories Reach Out to Gays | 10/8/2009 | See Source »

...university Müller agitated for freedom of speech, a right increasingly difficult to come by under Nicolae Ceauşescu's dictatorship, especially for German-speaking Romanians. After graduation she became a translator at a factory, but she ran afoul of the secret police when she refused to serve as an informant and lost her job. She began writing fiction, and in 1982 she published a collection of stories called Niederungen, rendered in English as Nadirs. In spare, poetic, forceful language the stories describe cruelty and repression in a German-speaking village much like the one Müller...

Author: /time Magazine | Title: German Writer Herta Müller: Another Nobel Surprise | 10/8/2009 | See Source »

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