Word: saving
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Dates: during 2000-2009
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Over the past 30 years, the way we save for retirement has come to be dominated by one plan: the 401(k). But the financial crisis and resulting market meltdown showed the 401(k) to be far from perfect. A number of academics and others have proposed either changes to the 401(k) system or scrapping it altogether. Roger Ferguson Jr., chief executive of the investment firm TIAA-CREF, is one of the few financial executives who have backed changing the system. Ferguson's opinion is sure to have some sway. He is a former vice chairman of the Federal...
What's wrong with the 401(k)? The goal of a retirement system should be to help people save safely while they are working, and then to provide an amount of income in retirement that they can't outlive and that is sufficient to their needs. The 401(k) doesn't do that. It was never meant to be the nation's primary retirement system...
...good-guy stuff really misses the point. Energy made us great long before it made us vulnerable. Clearly there have been severe unintended consequences. We have an obligation to hold ourselves accountable, and there is a certain humility that comes with that. (See pictures of new ways to save energy...
...Their goalie made an amazing save at the end of the half,” Harvard coach Ray Leone said...
...Says he provides the cheapest prisoner meals in the U.S., at just 15? each. He also reduced meals in the country's prisons to two a day, to save on labor costs. Inadequate meals were one reason a federal judge ruled against Arpaio and the county in 2008, finding that they violated prisoners' constitutional rights by depriving them of appropriate health care and housing them in unsanitary conditions. The judge noted that many inmates were forced to eat moldy bread and rotten fruit...