Traditional pensions are an endangered species. They’re not extinct.
For decades now, companies have been killing off their defined-benefit pensions. Instead of the promise of a monthly check from an employer in their old age — however long that lasts — workers get access to a voluntary 401(k) contribution plan. Those plans sometimes come with matching contributions from employers, but all the risks of saving enough for a long retirement fall entirely on workers. Continue reading
Martin Lawrence Show: “Hollywood Swinging” (Part 1)
Martin Lawrence Show: “Hollywood Swinging” (Part 2)
The Economist, a weekly magazine that prides itself on tearing down “an unworthy, timid ignorance obstructing our progress,” has taken the rather extraordinary step of retracting a book review that criticized a historical account of slavery for depicting African-Americans as victims and whites as victimizers. Continue reading