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McCain, Obama clash over causes, cures of crisis
Barack Obama and John McCain clashed repeatedly over the causes and cures for the worst economic crisis in 80 years Tuesday night in a debate in which Republican McCain called for a sweeping $300 billion program to shield homeowners from mortgage foreclosure.
Nations:Afghanistan North Korea Pakistan Russia People:Barack Obama John McCain Tom Brokaw Activities:US Election 2008 Source:(AP)
2008-10-07
Keep Wall Street Out of the Retirement Business
Remember the Bush Administration's push to partially privatize Social Security? The privatization advocates warned that insolvency loomed unless dramatic changes were made to the system. Social Security was also labeled a terrible investment. The Bush team's argument: Let people invest a portion of their payroll tax money with the financial wizards of Wall Street in an account reminiscent of a 401(k). Workers would get a higher rate of return on their Social Security money, and the economy would benefit from a higher rate of savings.
People:Ralph Nader Warren Buffett Activities:2007 Global Credit Crunch
2008-09-20
Obama hits McCain on Social Security
NEWARK, N.J. - Democratic presidential nominee Barack Obama criticized Republican John McCain's approach to Social Security on Saturday, saying it would undermine the government program aimed mainly at retirees.
People:Barack Obama John McCain Activities:US Election 2008 Source:(AP)
2008-09-06
Laboring longer is growing trend for Americans
CHICAGO - Americans are changing the game plan for retirement, with millions laboring right past the traditional retirement age and working into their late 60s and beyond.
Nations:U.S. Source:(AP)
2008-08-31
Billionaires say US debts need attention
OMAHA, Neb. (AP) -- Two billionaires used the screening of a documentary in theaters across the United States on Thursday to urge the country to come to grips with its staggering debt load.
People:Alan Greenspan Warren Buffett
2008-08-21
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