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'Retirement Heist': How Firms Trimmed Pensions

As companies have moved away from traditional pension plans, they've been shifting employees to 401(k)s that transfer the cost — and the risk — to workers. Companies have claimed for years that old-style pensions were unsustainable. But author Ellen Schultz says the shift has helped firms boost their bottom lines.
NPR

Fed Dissenter Thomas Hoenig Retires

Thomas Hoenig, the president of the Federal Reserve Bank of Kansas City, retires this week. He sticks out among members of the Open Markets Committee. He's voted against low interest rate policy years, and he's spoken against it, though in a decorous way. With just a couple of days left on the job, he's speaking more forcefully now.
NPR

Saving For Retirement: How Much Do You Need?

The amount can be confusing and depressing, so many Americans never calculate it. Experts offer their formulas, and say you'll be far happier later if you pinch pennies now.
NPR

More Trouble In Greece Ahead Of Debt Inspections

Athens is hit by another wave of protests as international inspectors are due to return to Greece to weigh whether it has done enough to secure crucial bailout funds. Meanwhile, German Chancellor Angela Merkel hints that a second Greek bailout package might have to be renegotiated.
NPR

Cain's Catchy 9-9-9 Tax Plan Draws Interest, Doubters

The Republican presidential candidate proposes a flat 9 percent income tax, corporate tax and national sales tax. It attracted the attention of Republican voters in Florida's straw poll, where Cain took first place. But economists wonder how well it would work.
NPR

Recession A Tougher Hit For The Middle-Aged

They face more financial demands than other age groups, like supporting a family or paying for their kids' educations, and they're too young to retire. Middle-management positions that were cut during the recession are slow to come back, making competition fierce for those jobs, economists say.
NPR

The Dream Of Europe And The Bailout Of Greece

For many Germans, the debate over the Greek bailout gets at what it means to be German, and what it means to be European.
NPR

The Hard Economics Of High Holy Days

As synagogues head into High Holy Days, they're finding that the economy is fundamentally affecting their finances. Some rabbis are giving away tickets for people who can't afford them, and others face deeper financial problems not seen since the Depression.

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