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Employees at Procter & Gamble and Coca-Cola, for example, had 80% or more of their retirement wealth in those stocks before they tanked. Corzine, Kennedy and others want to make sure such wipeouts will not befall others. Democratic Senators are pushing a pension-reform plan that would prevent you from buying your company's stock for your 401(k) if the company also contributes stock. You could buy, or it could contribute, but not both, unless there's a separate, traditional pension offered...

Author: /time Magazine | Title: When One Stock Is Enough | 4/1/2002 | See Source »

...Omen Alarmed that young people aren't procreating, the Japanese government issued a report calling for "structural reform in lifestyle"-meaning less work, more babies...

Author: /time Magazine | Title: Starting Time | 4/1/2002 | See Source »

...movements. The high profile trials of Tommy Suharto, House Speaker Akbar Tandjung, 18 military officers accused of human rights abuses during East Timor's transition to independence, as well as a handful of ordinary corruption cases have served as symbolic reminders that she stands for-or used to, anyway-reform and clean governance, long the rallying cry for populist Indonesian politicians. The defendants themselves seem to have been chosen as much for what they represent-Tommy Suharto=Suharto-ism, House Speaker Akbar= Corruption-as for the real charges against them. Megawati had trumpeted the opening of the trials to reavow...

Author: /time Magazine | Title: Mega's trials | 4/1/2002 | See Source »

...Thursday, when Bush signed the “Bipartisan Campaign Reform Act of 2002,” Representative Martin T. Meehan (D-Mass.) got a very different reception. The indefatigable House sponsor of the bill—who, with Republican sponsor Christopher M. Shays of Connecticut, worked for years to craft the language of the bill, and then months to get the requisite number of signatures to discharge the measure from committee—got only a phone call from an aide as the president rushed off to a fundraising event in South Carolina. The press was not even allowed...

Author: By The CRIMSON Staff, | Title: A Win for Democracy | 4/1/2002 | See Source »

Despite the cold shoulder Bush gave the measure, campaign finance reform represents a significant effort at getting the all-powerful big donors out of politics. The new law bans the hundreds of millions of dollars that corporations, unions and individuals contribute to national political parties in unregulated “soft money” and doubles the amount of “hard money” that individuals are allowed to give directly to campaigns. More controversially, the law also bans the broadcasting of thinly-veiled “issue ad” television commercials that often disparage one candidate?...

Author: By The CRIMSON Staff, | Title: A Win for Democracy | 4/1/2002 | See Source »

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