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Dates: during 2000-2009
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...solution: a new type of insurance. Retirement savings, it turns out, are exactly the type of asset we need insurance for. We need insurance to protect against risks we can't predict (when the market collapses) and can't afford to recover from on our own. "People tend to meld savings and insurance in their mind, but they are not substitutes," says Nancy Altman, a former Harvard professor and the author of The Battle for Social Security. "It's fine to have a savings plan as a supplement but not as the main retirement protection for everyone." She says...

Author: /time Magazine | Title: Why It's Time to Retire the 401(k) | 10/9/2009 | See Source »

...many policy experts say some type of change to our retirement-savings system is coming. First of all, given the market carnage, there is some backing for the idea - not to mention anger and disappointment among retirees who can't really retire. Recent opinion polls show that people would be willing to give up the flexibility of a 401(k) for a guaranteed return. What's more, the fact that ERIC supports a guaranteed plan is encouraging. "Whether the 401(k) is a perfect plan or even the right plan is something that is being questioned in Congress," says Democratic...

Author: /time Magazine | Title: Why It's Time to Retire the 401(k) | 10/9/2009 | See Source »

...concern spectators raised during the event was Khazei’s lack of political experience. Colin J. Motley ’10, president of the Harvard Republican Club, said, “people who hold state offices...have a step up” in this type of campaign...

Author: By Andrew Z. Lorey, CONTRIBUTING WRITER | Title: Democratic Senate Candidate Speaks in Adams House | 10/9/2009 | See Source »

During either type of declared emergency, a local public health authority . . . may exercise authority...

Author: By H. Zane B. Wruble | Title: Mass. Government Goes Militant | 10/9/2009 | See Source »

...will allow the two countries to prepare the groundwork for a much-anticipated "comprehensive partnership" that could be announced while he is here. A resumption of the Peace Corps is expected to be announced, along with other promises of financial aid. "This is going to be a new type of relationship and will have some meaning like 'Most Favored Nation' would in terms of trade," says Arian Ardie, a member of the American Chamber of Commerce. "I also think it is great that he wants to spend more time here and introduce his family to a place that helped shape...

Author: /time Magazine | Title: Indonesia Will Wait Longer for Obama | 10/9/2009 | See Source »

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