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Boomer retirees face uncertain future, Pension Benefit director says
Americans are living longer, healthier lives, but many retiring baby boomers haven't saved enough to guarantee a financial secure future, Pension Benefit Guaranty Corp. Director Joshua Gotbaum said Wednesday at a Newsmaker briefing. About10,000 Baby Boomers turn 65 each day, but many don't have enough money to retire, Gotbaum said. “When (John F. Kennedy) was president, the average retiree didn’t live to see their 80th birthday,” he said. “Today, the average retiree will live well into their 80s and a quarter will reach their 90s. People are living longer but that means retirement will cost…
Type: News
NewsHour's serious approach to news more relevant than ever, PBS newsman Lehrer says
PBS' NewsHour is facing major financial problems with the sudden steep decline in corporate underwriting, but its mission is more critical than ever as the public tries to make sense of a flood of information, the NewsHour's founder Jim Lehrer told host Marvin Kalb on Monday in the latest edition of The Kalb Report. "Corporate money dropped just like that." Lehrer said with a snap of his fingers. "We have to deal with it.” Looking to raise new money, PBS created “Friends of the NewsHour” to tap into the loyal audience that has followed the show for years, he said. But he insisted that the…
Type: News
Republican lawmakers say Pakistan tramples Balochistan, supplies Taliban
Pakistan suppresses the rights of people in its Balochistan province and supports enemies of the United States, three Republican congressmen said Tuesday at a Newsmaker press conference. Republican Reps. Dana Rohrabacher of California, Louis Gohmert of Texas and Steve King of Iowa co-sponsored a resolution in the House that calls for self-determination for Balochistan. Gohmert accused Pakistan of supplying the Taliban through Balochistan, which borders Afghanistan. Supporting an independent Balochistan could close of that supply route, he said. “The enemy of my enemy should be my friend,”…
Type: News
Portugal needs entrepreneurial spirit to dig out of crisis, finance minister says
For Portugal to emerge from its economic troubles, the Eurozone country must create an environment that encourages entrepreneurship and adjust is financial regulations, Finance Minister Vitor Gaspar said March 19 at a Newsmaker event. While most Portuguese lead a "reasonably comfortable life", Gaspar said he is disappointed in the nation's slow economic growth. He said the government's new privatization efforts will aid the recovery. Portugal's export base is growing, which will also improve the country's international competitiveness, he said.
Type: News
Steve Jobs may have reinvented journalism, biographer Isaacson tells 'Kalb Report'
The late Steve Jobs may have created the technology that will revive the news business, his biographer, Walter Isaacson, told host Marvin Kalb on the latest edition of “The Kalb Report” at the National Press Club March 20. Jobs' creation of the iPad offers is a new way of distributing news, Isaacson said. And the creation of apps, he added, provides a new way to sell news to subscribers, which will bring new revenue to journalism. The app, he said, allows for “enormous creativity” and provides a good business model. “The glory of the digital age is you have thousands of ways to get…
Type: News
Islam scholar advocates merging Islamic values with democracy for success in Tunisia
Tunisia represents the best hope for a successful transition to democracy in the Arab world, provided it succeeds in merging secular democracy with Islamic values, according to Radwan Masmoudi, president and founder of the Center for the Study of Islam and Democracy. He spoke at a March 20 Newsmaker. Although free elections in October, 2011, produced a coalition government headed by the moderate Islamic party An-Nahdha, Masmoudi said he worries that an increase in activity by radical Islamic groups could hinder progress. He expressed concern over an increase in radical Islamic, Salafist,…
Type: News
Iran expanding influence in Latin America, think tank scholar tells Newsmaker
Iran is "making inroads and provoking worries" in Latin America in an attempt to "project an image of global power...far beyond its actual impact," according to a report by the Center for Strategic & International Studies (CSIS) released at a March 16 Newsmaker. The author of the report, Stephen Johnson, senior fellow and director of the Americas Program at the Washington-based think tank, told the Newsmaker that Iran is seeking foreign partners in the region in an effort to "expand trade, intertwine its finances more tightly into the international banking system and forge political…
Type: News
Two former congressmen launch ‘civil rights’ drive for mentally ill, drug addicted
Former U.S. congressmen Patrick Kennedy and Jim Ramstad called at a March 14 National Press Club Luncheon for a nationwide crusade to ensure that the millions of Americans with mental illness and/or drug addiction problems receive parity in the nation’s insurance and health-care system. The two former legislators, both recovered substance abusers, came down hard on insurance companies and other providers that continue to stigmatize mental illness and drug addiction, thus robbing victims of the care they need. At the same time, Kennedy and Ramstad reached out to insurance companies and health…
Type: News
Rocker, author, environmentalist Leavell says growth can be smart
Rocker-Environmentalist and now author Chuck Leavell says rapid U.S. population growth with lead to environmental calamity if people fail to build more efficiently and take better care of the country's natural resources. Leavell, a late-blooming environmentalist who is also a well-known keyboardist with rock groups including the Allman Brothers, Eric Clapton, and the Rolling Stones, co-founded the popular website Mother Nature Network. He spoke Tuesday at a National Press Club Newsmaker about his new book Growing A Better America. Population growth "puts a tremendous amount of pressure on our…
Type: News
FBI's growing portfolio requires new leadership, Graff tells NPC book rap
As the Obama administration chooses the next FBI director, it should look for someone with strong managerial skills _ a chief executive rather than a law enforcement or intelligence official, Garrett M. Graff told a National Press Club audience Tuesday. The bureau “is now a $9 billion a year organization, 34,000 employees, equivalent to a Fortune 300 company, larger than Visa, larger than Campbell Soup, roughly the size of E-Bay. This is a big organization. Operations in 80 countries, 106 joint terrorism task forces here at home. This is a huge portfolio – everything from bank robberies to…
Type: News