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...appropriately dubbed "Pension Palpitations" report details, the S&P 500's pensions are now collectively underfunded by at least $115 billion. The problem stretches far beyond the finance sector. Five of the companies with the highest dollar amount of pension underfunding, according to the report, are Raytheon (underfunded by $1.6 billion), Johnson & Johnson ($1.5 billion), ExxonMobil ($1.4 billion), Macy's ($980 million) and Alcoa ($950 billion). "This is affecting the broad swath of companies that make up the fabric of what we call the 'real economy,'" says Mark T. Williams, a risk-management expert and finance professor at the Boston...
...year, pension funds at big companies have been battered beyond recognition. What looked like safe stowaway spots where corporations securely tucked away assets for their employees' retirements now look like roller-coaster funds. In addition to sending shivers up the spines of employees who count on that income, the problem also threatens to haunt the bottom line at many major firms. Williams says some may be forced to consider mergers to accumulate bigger asset bases or may have to sell off strategic assets...
Plus, with the Apple tax comes peace of mind. A major virtue of Steve Jobs' control-freak ways is that if something goes wrong with your computer, you know whom to blame. You call Apple or go to the Genius Bar at an Apple store. End of problem. With a PC, though, you have to try to figure out if you've got a hardware problem or a software problem. Invariably, you will be wrong, and the Microsoft-support rep will refer you to the PC manufacturer. Or vice versa. Repeat...
...Boone Pickens. I don't think I'm like anybody else. Both Nader and Perot had some good ideas. But I'm still the only person in America with an energy plan. To date, there isn't anybody in Washington that I've found who really understands the energy problem...
...jihadi group. Sreeradha Datta, of the Institute of Defense and Security Analysis in New Delhi, sees the influence of Harkat ul Jihad ul Islami, which is based in Bangladesh and has ties to ULFA, or some other jihadi organization operating within India. "This is part of the larger terrorist problem which has gripped India recently," Datta says. "They [ULFA] belong to Assam. They don't want to antagonize the Assamese...