Word: wrongfully
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...Still, as she sat at the witness table on Oct. 7 at a hearing of the House Committee on Education and Labor, running through the litany of what's wrong with the 401(k) and other defined-contribution retirement plans - they have high fees, for one - Ghilarducci didn't think she was courting controversy. "I was saying things that seemed completely milquetoast," she recalls. Ghilarducci did bring up a bold proposal to replace the 401(k) with a mandatory, government-run pension plan and suggested that Congress immediately allow retirees to swap 401(k)s battered by the stock market...
...throes of the Benevolent Manufacturing State, however, have been costly. GM alone has paid out $103 billion in pension and retiree-health-care costs over the past 15 years. "The legacy costs were designed in an era when people retired at 65 and died at 66. We weren't wrong to give it to them 30 years ago. Now they retire early and live longer," says Conway...
...aware that a group of Disney employees, likely balding middle-aged men in their fifties, has somehow managed to tap into the pleasure portions of my brain. And it’s admittedly terrible stuff. It’s cheesy, unrealistic, and incredibly sappy.But what’s wrong with that?Here’s how I imagine a conversation between i-Pod boy and his friend probably sounds like:“What are you listening to, man?”“The Sad Porcupines...
...There wasn’t time even to develop a coherent list of questions to ask Treasury about what it’s doing and what it plans to do—and whether either of those are likely to address what’s going wrong,” she said. The panel will present the first stage of its findings to Congress on December 10th. According to Warren, the report will outline “the central questions that Treasury should be addressing as it spends the taxpayers’ money...
...spent if the program continues until 2012. The yearly $10 billion program budget alone is more than twice the yearly State Department budget for the Foreign Service. When more funds are being allocated to failed weapons systems than to the nation’s diplomatic corps, something has gone wrong...