Word: certaines
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Remember those defined-benefit programs through which companies promised a certain amount every month to retirees? The market crash may be dealing that already waning concept a final, fatal blow. A new report from Goldman Sachs' Global Markets Institute illustrates that massive equity losses have resulted in S&P 500 companies' pension funds, which had been overfunded at the start of the year, fading so fast that they are now underfunded as a group. Instead of holding 108% of the assets they were promising to provide to retirees, they now hold just 91% (and falling...
Seven years ago, as Brokaw pointed out, McCain himself was sounding redistributionist, complaining about President Bush's tax cuts. Campaigning against Bush in 2000, he said that "when you ... reach a certain level of comfort, there's nothing wrong with paying somewhat more." Obama has said no more than this, except to set the "level of comfort" at $250,000, which is pretty comfortable. McCain is free to argue that Obama will raise taxes on people making less than $250,000. My bet is that whoever wins the election will be forced to. But his apparent belief that the very...
...entirely right to investigate Hamas and to hold it to account for the brutal killings carried out in its name. But to a certain extent we all missed another, crucial part of the election story. Such was the despair amongst Palestinians at the poor leadership of Yasser Arafat and his officials over the previous decade that they were prepared to vote for Hamas in large numbers, despite the consequences...
...times, the speakers were unsure of their candidates’ stances on certain issues and were hesitant to put words in their nominees’ mouths. When asked by an audience member about the Golan Heights—a piece of land disputed by Israel and Syria—Healey declined to answer...
...Almost as astonishing to people of a certain age is the fact that Obama’s main rival in the Democratic primaries was a woman. Here too it is worth recalling a few facts to remind those under 25 how much the world has changed since their faculty were young...