Word: lowes
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...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 a position of broad stability 12 months ago to having a hole of $280 billion in their pension plans," says Adrian Hartshorn, a lead analyst on the Mercer report. He added...
...Treasury Department's latest prescription for the ailing housing market could turn out to be more placebo than cure, and a costly placebo at that. Some economists question whether just lowering interest rates to a historically low 4.5% will be enough to boost housing sales or prices. What's more, the plan could end up costing $25 billion a year, using up valuable funds needed to fix the housing market and providing no relief to the millions of homeowners now facing foreclosure...
...Responsibility for the attacks remains unclear. According to the BJP, this is a clear-cut case: Muslim fanatics from Pakistan attacked India because they hate democracy and Hindus. It’s possible it’s that simple, but the odds are laughably low. Who knows? Much evidence points to Lakshar-e-Taiba, a covert fundamentalist group, but it’s complicated. Questions about the attacks abound: Why were the jihadist assassins were drunk and high on cocaine? Why did they deliberately murder Hemant Karkare, a man who ousted Hindu extremists as the real culprits in previous incidents...
...demonstrated the growth in their sophistication and capability last month when they seized the giant Saudi oil tanker Sirius Star some 450 nautical miles out at sea - well beyond the pirates' previous range. One of the men involved in that raid, 24-year-old Mohamed Dashishle described a distinctly low-tech operation, though organized by men he said had once trained in the Somali coast guard. One of the pirates' "mother ships" spotted the tanker and deployed three small skiffs to surround it. Dashishle told TIME that the pirates simply had to brandish their rocket-propelled grenade launchers to intimidate...
...Suez Canal that requires their vessels to pass the Somali coast, and instead route them around South Africa. "As long as there is no firm deterrent, attacks will continue," said Noel Choong, chief of the International Maritime Bureau's Piracy Reporting Center in Kuala Lumpur. "The risks are low, and the returns are so high." And not only for the pirates, either...