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...rest of your life. Your annuity commitment would have to be large enough that the monthly proceeds plus your Social Security check would keep you at least above the poverty line. Any money left over in your personal account could be used as you wished--taken as a lump sum, drawn down over time, added to your annuity or even left invested to continue growing. By most estimates, if a personal account earned annualized investment gains of 3% (after inflation was factored in), it would produce roughly the same retirement income as Social Security provides under existing rules. Investment gains...

Author: /time Magazine | Title: The 4% Solution | 2/6/2005 | See Source »

...negative effect of this system for blacks collectively. As more students were encouraged to make their “Marx” in the classroom, a subtle devaluation of black worth occurred alongside a hoisting of white life on the pedestal of social consciousness. This was a zero-sum game that reaffirmed the superior/inferior binary nature of the races. It was not only that the cultural and historical experiences of blacks were devalued; it was that this devaluation resulted in the displacement and segregation of black life and thought outside of the realms of what people deemed...

Author: By Lawrence Adjah and Senait Tesfai, CRIMSON STAFF WRITERS | Title: Black History Is Your History | 2/3/2005 | See Source »

...greater than the sum of those sites, and other ones like them, are two in particular...

Author: By Pablo S. Torre, CRIMSON STAFF WRITER | Title: 'BLO IT RIGHT BY 'EM: World Wide Wonders Abound | 2/3/2005 | See Source »

Among the ones to watch were those of three brothers from Florida who were attending their first haute-couture parade. Just one day after buying the house of Christian Lacroix from the French luxury group LVMH for an undisclosed sum, Simon, Jerome and Leon Falic took their seats at their new employee's show. It was among the most anticipated events on the week's calendar, not just because of Lacroix's reputation as one of fashion's most intriguing talents but also because talk of the LVMH-Falic deal had been circulating since early January. The Falics...

Author: /time Magazine | Title: Crisis on the Catwalk | 1/31/2005 | See Source »

...just burning out" became mini-mantras. While the band occasionally showed a hint of depth (2000's Warning had more diverse instrumentation and was vaguely political), its popularity gave it no incentive to evolve. But over the past few years, younger outfits like Good Charlotte and Sum 41--who admit a musical debt to Green Day--began siphoning off the aimless-adolescent market. By the time Superhits! was released, Green Day's sales were declining, and Armstrong, Dirnt and Cool, all barely 30, felt very...

Author: /time Magazine | Title: Green Party | 1/24/2005 | See Source »

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