GM Healthcare Costs

Today, G.M. and Chrysler must submit a government-mandated recovery plan to Congress.  The N.Y. Times reports that G.M is trying get the United Auto Workers to agree to cutback in its employee and retiree health care benefits.  “[G.M.] has to address how a company that lost more than $20 billion last year can afford $5…

Who should be responsible for your retirement?

The Economist reports that Argentina has recently passed “a law to nationalise the country’s private pension system.”  Is this a good thing? With the stock market in the tank, many individuals yearn for the security of a government-funded retirement plans compared to private, individual investments in stocks and bonds.  However, public pensions may not be so…