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...pension crisis will likely aggravate an already bleak financial outlook for many companies, and may stimulate a debate about retirement policy in this country. Already, President-elect Barack Obama has moved swiftly to address the worsening economic and financial crisis. Now, a key question is how, or if, President-elect Obama delivers on his campaign proposal to require companies that don't offer employee retirement plans to enroll workers in a direct-deposit IRA account, which may help many low- and middle-income people participate in retirement programs for the first time. "You can't have companies going from...
...last year, the funded status of the pension plans Mercer analyzed has fallen from an estimated 104% (a surplus) to 80% (a deficit). Now, companies are scrambling to determine how to make up the difference. There are two key ways to do that, with the easiest being a stock market recovery. But there's no telling when that will happen...
Stavins said that while costs will not be imposed on developing countries in the short term, the key is to ensure that they are part of the international climate architecture...
While it's unlikely that the military or ISI leadership would have been aware of, let alone sanctioned, the attack in Mumbai, India will see the Pakistani intelligence service as key to resolving a problem it had a strong hand in creating. Nor is the ISI's current orientation entirely unambiguous: the CIA recently confronted Pakistan with evidence of direct involvement by elements of the ISI in a July terror attack on the Indian embassy in Kabul. In response to the pressure resulting from the 2001 India parliament attack, the Pakistani security establishment appears to have tried to stand down...
...been impossible to independently verify the police account of Kasab's confession, and that is one of the reasons Pakistan has yet to act on the incendiary implications. The details are key, and they seem to fluctuate depending on who is narrating the tale. Indian media have even given the surviving attacker conflicting last names. Some say it is Iman, not Kasab. "There are many doubts that people will have," says Bhushan Gagrani, a Maharashtra government spokesman. "But I don't see a reason not to believe the police...