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...first, Occidental's union workers were not allowed into the plan. So when Ernie Lucantonio was offered a supervisor job in the fire-retardant division at Occidental, part of the reason he took it was to get into the 401(k). "The 401(k) forced you to save money, because you couldn't touch it," says Lucantonio. "I was making good money, but I wasn't saving anything. I had three kids going to college. So the 401(k) forced me to save, which I needed." (See pictures of the college dorm's evolution...

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

...This is a blatant violation of the Guinean constitution and a violation of African legality." - African Union peace and security commissioner Ramtane Lamamra, following Camara's rise to power (BBC.com...

Author: /time Magazine | Title: Guinean Leader Moussa Dadis Camara | 10/8/2009 | See Source »

...Insists it is his right as a citizen to run for President in elections scheduled for Jan. 31, despite his previous assurances that the government would return to civilian control. Has reportedly told foreign diplomats he intends to be a candidate, which would contradict his earlier pledge. The African Union has threatened sanctions if he runs...

Author: /time Magazine | Title: Guinean Leader Moussa Dadis Camara | 10/8/2009 | See Source »

...Conservatives from the ruling center-right Union for a Popular Majority backed Mitterrand. On Thursday evening, a close aide to Nicolas Sarkozy said the French President backed his Culture Minister and described the controversy around him as "pathetic." A few of Mitterrand's backers noted that while disturbing in parts, La Mauvaise Vie has been hailed by critics both for its literary boldness and its provocative examination of homosexuality. Mitterrand, who was tapped for the Culture Ministry job by Sarkozy in June, has long been open about his sexuality. His defenders note that the current hubbub over the book...

Author: /time Magazine | Title: Mitterrand: A Friend to Polanski — and Young Boys? | 10/8/2009 | See Source »

...concern should Venezuela be? Chávez delights in getting a rise out of the U.S., and his alliance with Iran and President Mahmoud Ahmadinejad is largely a calculated affront to Washington - his version of Cuba's Cold War partnership with the Soviet Union. It's little coincidence that Sanz made his announcement the same day the U.S. and its allies called Iran on the existence of a secret nuclear-fuel plant near the Iranian city of Qum. The U.S. and the U.N.'s International Atomic Energy Agency (IAEA) fear that Iran is on the verge of bolting the global...

Author: /time Magazine | Title: Chávez to Iran: How About Some Uranium? | 10/8/2009 | See Source »

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