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What's valued at more than $231 billion? Answer: the assets of some 3.8 million current and former federal employees, everyone from letter carriers to U.S. Senators, whose retirement funds are socked away in the Thrift Savings Plan (TSP), one of the largest and fastest-growing 401(k)-style funds in the U.S. If Senator Joseph Lieberman of Connecticut has his way, the TSP will soon radically alter the way it picks some of its stocks. Lieberman told TIME he will introduce legislation to give all TSP participants the option to disinvest in companies that do business in or with...
...site of the "Titanic Quarter," a shiny new residential and business district on the edge of Belfast Lough. The 185-acre development is the biggest regeneration project in Northern Ireland's history and would be the largest waterfront redevelopment in Europe. Its centerpiece would be the Titanic Signature Project (TSP), a tourist facility dedicated to the ship's construction. Developers estimate the TSP will draw 400,000 visitors each year, which would make it Northern Ireland's most popular urban attraction...
...memory of the ill-fated ship is being asked to do more than bring in tourists, however. "It's all to do with breaking down barriers", says Brian Ambrose, Chairman of the Titanic Foundation, the company overseeing the TSP. "We want to change Belfast's image abroad with a landmark building, but also restore local pride." The Titanic Quarter's promotional literature describes the ship as the pinnacle moment of Belfast's industrial heyday - when it was launched in 1911, it was the largest moveable man-made object on the planet. The fact that this achievement was soon eclipsed...
...decades, the Titanic was a taboo topic", says Una Reilly, chairman of the Belfast Titanic Society, during a tour of the TSP site. "There was almost a sense of shame that it had been built here." But Reilly, whose great-grandfather worked as a cabinetmaker on the Titanic, is convinced that this ghost from Belfast's past is the perfect vehicle for the city's future. "The Titanic was at the cutting edge of technology when she was built. That's the kind of innovation Belfast should be striving for today...
...Project's bid for just under $50m in funding from the U.K. National Lottery was beaten out by rival contenders last October. If the project is to be completed by the 2011 deadline - the centenary of the Titanic's launch - those missing millions, just under a third of the TSP's estimated cost, will have to be gathered at a rate of knots, largely from Northern Ireland's private sector. "Belfast people can be hard to impress", says Ambrose. "But the TSP will rival the best attractions in the world. After 30 years of bad press, that's a huge...