Word: todays
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Dates: during 2000-2009
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...than $200 billion into these accounts each year. But retire rich? Don't bet on it. The average 401(k) has a balance of $45,519. That's not retirement. That's two years of college. Even worse, 46% of all 401(k) accounts have less than $10,000. Today, just 21% of all U.S. workers are covered by traditional pensions, and the number shrinks every year. "The time may have come to consider returning 401(k) plans to their original position as a third tier of retirement planning, behind pensions and Social Security," says Alicia Munnell, who heads...
...expect, many - but surprisingly not all - elements of the KMT are portrayed as malevolent and capricious, and the CCP justly triumphs (of course!). Yet Founding goes beyond routine propaganda. What's striking is how the film exposes - intentionally, we would assume - some of the thinking of the Chinese leadership today. (Read "China at 60: The Road to Prosperity...
...First came the period of ceaseless revolution, with all the widespread turmoil and suffering it perpetrated. Then the time of gradual reform, which has brought greater prosperity and freedom than China has ever known but which is still characterized by grave corruption and terrible injustice under a stern authoritarianism. Today China is many things, often contradictory: rich and poor, open and closed, liberated and oppressed, confident and insecure. But it decidedly isn't Marxist - or even Maoist. (See pictures of modern Shanghai...
...needs a capitalist to provide him with a cigarette; he and his cohorts admit they are ignorant about economics, which they acknowledge is essential to running the country. The message: Mao was great at consolidating the nation under the communist banner, but he was clueless about development; it's today's CCP that made the new new China - modern, strong, feared...
...Romanian-born German poet and novelist Herta Müller is the winner of the 2009 Nobel Prize for Literature, the Swedish Academy announced today. The academy describes Müller as a writer "who, with the concentration of poetry and the frankness of prose, depicts the landscape of the dispossessed." She is the 12th woman to win the prize in its 109-year history...