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...PENSION PLANS HAVE BEEN UNDERFUNDED FOR YEARS. WHY IS REFORM SUDDENLY GAINING STEAM? Something has to be done. We now have legislation moving on the Hill, and I'm cautiously optimistic about the passage of the pension bill. Congress gave itself two years to come up with pension-reform proposals. We're now at the end of that period...

Author: /time Magazine | Title: 10 Questions for Elaine Chao | 12/14/2005 | See Source »

...least 2008. In 2004, however, China's leaders exercised their power to interpret the Basic Law to decree that those dates were no longer acceptable. Now, Hong Kong Chief Executive Donald Tsang, the man in the middle, is trying to bring the two sides together with a limited reform package scheduled for a vote in the Legislative Council on Dec. 21. For the 2007 ballot for a Chief Executive, Tsang, the current frontrunner, proposes doubling the electoral college from 800 to 1,600; for the 2008 legislative ballot, he wants to expand the number of directly elected seats from...

Author: /time Magazine | Title: Gridlock on the Road to Democracy | 12/12/2005 | See Source »

...interests at heart. After the Dec. 4 demonstration, he remarked: "I am 60 years of age. I certainly want to see universal suffrage taking place in Hong Kong in my time. My feeling and my wish is the same as most other people participating in the rally." But political reform is beyond his jurisdiction. That's Beijing's call. Its attitude to Hong Kong is: Trust us; you will, someday, get your democracy. For those who marched, their rejoinder is: Trust us by giving us democracy now; we are not out to overthrow you, we just want...

Author: /time Magazine | Title: Gridlock on the Road to Democracy | 12/12/2005 | See Source »

...challenge is to reform the nonprofit sector without crushing it. Critics say voluntary disclosure doesn't go far enough. "To think that disclosure by itself is going to stop abuse is being naive," says Pablo Eisenberg, founder of the National Committee for Responsive Philanthropy. "There is a need to ask big questions, to say, 'Are pieces of the charitable sector still legitimate?'" But few people, even regulators, are willing to saddle nonprofits with a version of Sarbanes-Oxley. California's Lockyer hopes states can help nonprofits develop better management skills rather than simply throw a raft of new rules...

Author: /time Magazine | Title: Philanthropy: Charity Fat Cats | 12/11/2005 | See Source »

...success in Ohio will further prove that “progressives everywhere can win office.” After describing what he called the “great progress” of the 20th century in terms of the creation of social security, collective bargaining rights, and healthcare reform, Brown reaffirmed his support of “working families” and “regular people.” He decried the current administration and Congress as undoing much of this progress by enacting policies that aim to “weaken environmental laws, cut back social services...

Author: By Paul G. Nauert, CONTRIBUTING WRITER | Title: Progressive Rep Hypes Senate Run | 12/11/2005 | See Source »

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