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...Society of Professional Asset-Managers and Record Keepers says nearly 73 million Americans, or just under 50% of our working population, now have a 401(k). And collectively we pour more than $200 billion into these accounts each year. But retire rich? Don't bet on it. The average 401(k) has a balance of $45,519. That's not retirement. That's two years of college. Even worse, 46% of all 401(k) accounts have less than $10,000. Today, just 21% of all U.S. workers are covered by traditional pensions, and the number shrinks every year. "The time...
...Lowdown: Three decades after industry deregulation, flying has transformed from a luxury into an egalitarian necessity, with real ticket prices dropping by half and new routes offering exposure to once provincial cities. But the corollary of viability has been increased frustration, with on-time performance plunging to near record lows. As you might have guessed, "there is no silver bullet" to fix the problem, the authors write. But they posit an array of sensible suggestions that could help curb soaring delays. Among the ideas are congestion pricing, airport privatization and high-speed rail systems as an alternative to flights shorter...
With an ongoing preservation initiative, the cemetery plans to record the inscriptions of all its 19th century inhabitants, from Victorian hotshots (like poet Henry W. Longfellow, cookbook author Fannie Farmer, and clergyman and Harvard alum Phillips Brooks) to its less notable grave-dwellers...
When Lance Armstrong won his record-breaking seventh Tour de France championship in 2005, Chris Hong was playing the violin, not giving a moment’s thought to cycling. Now, four years later in Hong’s senior year at Harvard, his stringed instruments have been pushed to the wayside for handlebars and a saddle, and cycling has become his new, and favorite, tune...
...Berlusconi has plenty of experience fighting charges. He sarcastically boasts that he is "the most prosecuted" man in Italian history never to be convicted. His criminal record is indeed clean, thanks to a string of not-guilty verdicts as well as expired statutes of limitations and modifications to laws through his control of Parliament. In 2003, he became the first Italian Prime Minister to testify in a case against him, rousing a packed courtroom with a nearly hour-long defense in a Milan corruption case in which he was eventually acquitted. (See pictures of Italy...