Word: revamping
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...plan to revamp the Social Security system runs up against the same hard truths. In 13 years retirees will be taking out more than working people are putting in. About 25 years later, the trust fund set aside for that gap is projected to disappear. Whether or not that expected shortfall is an immediate crisis, at some point we will have to tip the scales to set things right. That means putting in a little more (higher taxes) or taking out a little less (smaller benefits). The last major overhaul, in 1983, did a bit of both. The plan favored...
...Kellogg Co., the $9 billion behemoth that makes Frosted Flakes and Froot Loops--plus other consumables like Pop-Tarts, Nutri-Grain bars and Eggo waffles--lost its first-place cereal market share to rival General Mills. Carlos Gutierrez, who became CEO that year, led a massive revamp of the company that restored sales, morale and the No. 1 position. But in November, Gutierrez was poached to take over the Commerce Department, leaving board member Jim Jenness at the helm of Kellogg. The question is whether Jenness, who has never held an operational role at the company, based in Battle Creek...
...Swarovski shed its image as the source for animal miniatures by teaming up with trendy fashion designers like Alexander McQueen on the runway. Now the century-old crystal company wants to revamp lighting. "The chandelier is this luxurious, celebratory lighting fixture," says Nadja Swarovski, 34, who runs communications for the firm. "We challenged designers to reinvent it for today." Twenty-seven of them accepted the dare, and last month seven of the collection's 17 pieces?including Yves B?har's Nest, above, a glowing cyclone suspended by strands of crystal, and Matali Crasset's Plexiglas Sky?were displayed...
...comfort with an internet connection in every seat Take a Hike Destinations to restore your sense of wonder Swarovski shed its image as the source for animal miniatures by teaming up with trendy fashion designers like Alexander McQueen on the runway. Now the century-old crystal company wants to revamp lighting. "The chandelier is this luxurious, celebratory lighting fixture," says Nadja Swarovski, 34, who runs communications for the firm. "We challenged designers to reinvent it for today." Twenty-seven of them accepted the dare, and last month seven of the collection's 17 pieces - including Yves...
After supporting President Bush's controversial prescription-drug plan, the AARP is lining up on the opposite side of his latest ambitious legislative proposal: to revamp Social Security by allowing workers to divert a portion of their payroll taxes into private investment accounts. The mighty advocacy group for older Americans will launch a $5 million newspaper-ad campaign this week arguing that the plan is too risky...