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The 401(k) gets its name from a section of the Internal Revenue Code that, a clever benefits consultant discovered in 1980, could be used to build tax-sheltered employee retirement plans. It was at first seen as a supplement to the existing system of workplace pensions, but during the...

Author: /time Magazine | Title: Should the 401k Be Killed? | 12/4/2008 | See Source »

Despite changes in the school’s tailgating policy, the 125th Harvard-Yale game resulted in a few alcohol-related health and disciplinary incidents amongst student-fans, according to Harvard University Police Department officials. This year’s game resulted in nine alcohol-related medical transports, according to...

Author: By Edward-michael Dussom, CONTRIBUTING WRITER | Title: Tailgate Changes Fail To Curb Alcohol Incidents | 11/26/2008 | See Source »

Cheap NYC Sleeps. It's near impossible to find a decent hotel room under three figures in Manhattan, but now there's The Jane. The hotel is famous for having sheltered the survivors of the Titanic, and the rooms do sort of resemble ship's berths, with a mere 50...

Author: /time Magazine | Title: Travel News: Teeny, Tiny NYC Hotel Rooms for $99 | 11/14/2008 | See Source »

This year's BMF was a wholly global affair, with fourteen corporate sponsors that included such multinational giants as Audi, Credit Suisse, UBS and American Express. Performers came from across Europe and the Americas. Germany alone sent two complete opera companies - a massive mobilization that involved 420 people and 16...

Author: /time Magazine | Title: Bernstein in Beijing: China's Classical Music Explosion | 11/6/2008 | See Source »

Xu Lejiang says it's already happening. He's chairman of Baosteel, one of China's giant steelmakers, and since August, he has had to cut prices twice as demand suddenly cooled off in what had been a booming industry. The era of rapid growth for Chinese steel "will soon...

Author: /time Magazine | Title: Behind the Global Markets' Meltdown | 10/8/2008 | See Source »

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