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...offset those emissions, it wasn't yet clear how - not to mention that offsets are inherently dicey. The Tokyo show drew much of its electricity from an existing solar plant on the grid, but that meant that Tokyo homes and businesses normally supplied by solar would have needed to supplement their power from dirtier sources. That's a net loss for the environment. Many rock stars who sat out Live Earth felt the same way. "We're using enough power for ten houses just for lighting," Artic Monkeys' drummer Matt Helder told AFP. "It'd be a bit hypocritical...

Author: /time Magazine | Title: What Live Earth Really Meant | 7/8/2007 | See Source »

...problem with DB is that sponsors are prone to lowball or ignore the true cost. In the U.S., where corporate pensions provide a key supplement to Social Security, Congress has felt the need to pass multiple laws aimed at preventing companies from underfunding them. In response, some companies spent billions shoring up their funds; many others simply stopped offering pensions. Just since 2004, at least 66 big companies have frozen or terminated their DB plans, estimates Barclays Global Investors. Corporate DB has given way to individual DC plans like the 401(k) and IRA. But these put too much responsibility...

Author: /time Magazine | Title: Where Retirement Works | 6/14/2007 | See Source »

...Netherlands, like the U.S., has long relied on workplace pensions to supplement its government plan. The crucial difference is that these pensions were mandatory. Smaller employers had to band together to make a go of it, and industry-wide funds became standard. Run more as independent cooperatives than as captive corporate divisions, the Dutch funds were less prone to underfunding than their U.S. counterparts. When they nonetheless ran into financial trouble in 2002 after the stock market crashed and interest rates sank, the country came up with a unique response. The Dutch funds are now no longer on the hook...

Author: /time Magazine | Title: Where Retirement Works | 6/14/2007 | See Source »

...adventures of Tintin, a young reporter, were chronicled in 23 books published between 1929 and 1976, which have collectively sold more than 200 million copies worldwide. This was hardly anticipated when a crudely drawn Tintin made his first appearance on January 10, 1929 in a comic supplement to a Brussels newspaper in a story entitled "Tintin in the Land of the Soviets...

Author: /time Magazine | Title: Tintin Travels to Tinseltown | 5/21/2007 | See Source »

...player in the Thai league, the sport's most developed, will earn a rough maximum of $15,000 for a four-month season. A true god of the game like Thai veteran Suebsak Phunsueb-considered sepak takraw's top player for the past several years-might be able to supplement that with advertisements and media work, but he's still no Beckham. At the humbler end of the scale, semipros like Susumu Teramoto, a 31-year-old from Japan, will accept salaries of approximately $200 a month, plus food and lodging, for the privilege of competing against the best...

Author: /time Magazine | Title: By Leaps and Bounds | 5/17/2007 | See Source »

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