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...half that.) It wasn't until several years later that companies began to make 401(k)s available to most employees. Even then, the idea was to encourage saving and provide a tax shelter, not to substitute the plans for pensions. By 1985, assets in 401(k)s had risen to $91 billion, as more companies adopted plans. Still, the amount was only about one-tenth that in guaranteed pensions...
...work like traditional vehicles but can run on either gasoline or ethanol derived from sugar cane--a commodity in abundance in Brazil. Volkswagen, Ford, Fiat and GM all produce Flex lines. In May sales of Flex vehicles overtook gasoline models for the first time. By August, Flex sales had risen 61.7%. "I am hard pressed to think of any other technology that has been such a success so quickly," says Barry Engle, president of Ford Brasil...
...instance, figures cited by the Washington Post indicate that the university’s endowment increased from $29 million in 1994 to the current total of $262 million. The average SAT scores of entering freshmen have jumped from 1133 to 1285, and the average grade point average has risen from 3.2 to 3.5, according to The Post...
...Things don't look so desperate when you strip out volatile fuel prices. The core consumer rate has risen just 2% the past 12 months, even though overall consumer prices have jumped a more troublesome 4.7% in that period. The big fear is that the core rate will lift as companies raise prices to offset the higher prices they pay for energy. "Inevitably, we'll get some pass-through," says James O'Sullivan, economist at the brokerage UBS. Indeed, Clorox, Marriott, Carnival, Deere and FedEx have already raised or said they would raise prices because of the high cost...
...Sunnis come out to vote in large numbers in Saturday's referendum, the underlying tensions that have pulled Iraq to the brink of civil war aren't likely to disappear. Few Sunnis have faith in the U.S.-sponsored political process or the Shi'ite and Kurdish leaders who have risen to power in Baghdad. The vote on the constitution--which Sunni leaders oppose because it paves the way for a semiautonomous region in the south (like the one already created in the Kurdish north)--may serve only to heighten Sunni estrangement, since it will probably pass no matter how many...