N Korea holds mass rally, vows more rocket launches






SEOUL: Hundreds of thousands of North Koreans held a mass rally on Friday to celebrate the nuclear-armed state's rocket launch, as its youthful leader vowed new launches.

Days before his first anniversary in charge of the isolated country, Kim Jong-Un upheld North Korea's "unshakable stand" that the rocket programme will continue despite UN condemnation and calls for new sanctions.

The huge rally in Pyongyang, shown on state television, came two days after the launch of the three-stage rocket and just ahead of the anniversary on Monday of his father Kim Jong-Il's death.

The huge crowd standing in organised ranks in Kim Il-Sung Square -- named after Kim Jong-Un's grandfather -- cheered as top officials hailed the success of the launch and praised the "bravery and wisdom" of the dynasty's scion.

Refuelling its criticism of Wednesday's launch, the US State Department said Kim had the chance as new leader "to take his country back into the 21st century" but instead was making the "wrong choices".

Unbowed, Kim stressed the need "to launch satellites in the future... to develop the country's science, technology and economy", according to the North's official Korean Central News Agency (KCNA).

It gave new details of the launch of the rocket to propel a satellite into space, which the United States, China and others on the UN Security Council said violated a ban on long-range ballistic missile tests by North Korea.

Kim had issued the final written order for the launch on Wednesday morning and "keenly observed" the whole process, KCNA said.

By placing a satellite in orbit, North Korea "showed at home and abroad the unshakable stand... to exercise the country's legitimate right to use space for peaceful purposes", Kim said according to the agency.

The UN Security Council held emergency talks on Wednesday after the North, already under international sanctions for nuclear tests in 2006 and 2009, ignored pleas from friends and foes and went ahead with the launch.

The council warned of possible measures over what the United States called a "highly provocative" act as countries including South Korea and Japan pressed for stronger sanctions against Pyongyang.

China -- North Korea's leading patron -- backed the UN statement but its foreign ministry also pushed back against the pressure for stronger action, arguing that any response by the international community should be "prudent".

Analysts say the symbolism of the launch was a prime motivating factor for North Korea as Kim, who is not yet 30, shores up his leadership credentials.

"The launch means the fulfilment of Kim Jong-Il's last wish," said Yoo Ho-Yeol, a political science professor at Korea University in Seoul.

"As such, it helps cement Jong-Un's grip on power and strengthens his authority over the North's military elites, securing their loyalty and a sense of solidarity under his leadership," Yoo said.

The rocket launch has been seen as a timely boost for Kim, laying to rest the humiliation of a much-hyped but failed launch of North Korea's Unha-3 rocket in April, when the carrier exploded shortly after take-off.

Outrage over the recent launch was mixed with concern that North Korea may follow past practice in following up a missile or rocket launch with a nuclear test.

The North's first nuclear test in 2006 came three months after it tested a long-range missile. On that occasion, Pyongyang announced the test six days before it exploded the device.

The second test, in May 2009, came a month after a rocket launch that North Korea claimed had put a satellite in space.

- AFP/xq



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Susan Rice: My withdrawal is better for the country






STORY HIGHLIGHTS


  • NEW: Sen. Harry Reid: Republican attacks on Rice's character were "shameful."

  • Susan Rice withdraws from consideration as secretary of state

  • Nomination would be "be lengthy, disruptive, and costly," she says in letter to president

  • Republican critics "respect" Rice's decision, vow to continue Benghazi inquiry




(CNN) -- Susan Rice, the U.S. ambassador to the United Nations who drew heavy criticism from Republicans over her statements after the September attacks on a U.S. diplomatic mission, withdrew her name from consideration for secretary of state on Thursday.


In a letter to President Barack Obama, she said "the confirmation process would be lengthy, disruptive, and costly -- to you and to our most pressing national and international priorities. That trade-off is simply not worth it to our country."


Obama acknowledged her letter in a statement that described her as "an extraordinarily capable, patriotic, and passionate public servant." He will meet with Rice Friday at the White House, National Security Council spokesman Tommy Vietor said.


Read Rice's letter to the President


She was thought to be a frontrunner for the post, which Secretary of State Hillary Clinton said she would vacate as soon as a successor is confirmed.


But Rice drew criticism for her description of the September 11, 2012, attack on the U.S. mission in Benghazi, Libya, which killed four including the U.S. Ambassador to Libya, Chris Stevens. On several television programs several days after the attack, she described a protest of an anti-Islam video outside the mission buildings.


She said her comments were based on declassified talking points, and sources within the intelligence community said the talking points were not modified by any other body, such as the White House.


She further explained her decision to withdraw and defended herself Thursday in a piece for the Washington Post, writing: "I have never sought in any way, shape or form to mislead the American people. ... Even before I was nominated for any new position, a steady drip of manufactured charges painted a wholly false picture of me."


Obama had defended her, describing the criticism from several key Republicans as "outrageous." "If Senator (John) McCain and Senator (Lindsey) Graham and others want to go after someone, they should go after me," Obama said at a White House news conference in late November. "When they go after the U.N. ambassador, apparently because they think she's an easy target, then they've got a problem with me."


She visited Capitol Hill in an attempt to answer what the legislators called "unanswered questions," but her visit there appeared to backfire. Senators who sat in on the meetings said her appearances raised more questions than they answered.


5 questions on Susan Rice


Her closed-door meetings "really hurt her," one knowledgeable Democratic source said. "She probably underestimated the club."


The longer Rice went un-nominated, the source said, the worse her prospects appeared. It was "better to get out now" so that Obama could begin announcing a national security slate as early as next week.


In a statement, Clinton called Rice "an indispensable partner over the past four years."


"From the National Security Council to the State Department to the United Nations, Susan has worked tirelessly to advance our nation's interests and values. I am confident that she will continue to represent the United States with strength and skill," Clinton said.


After Rice's Thursday announcement, Graham said in a statement: "I respect Ambassador Rice's decision. President Obama has many talented people to choose from to serve as our next secretary of state."


Senate Majority Leader Harry Reid described Republican opposition to Rice's possible nomination as "shameful."


"Ambassador Rice is eminently qualified to serve as Secretary of State and she could have been confirmed by the Senate. The politically motivated attacks on her character from some of my Republican colleagues were shameful," the Nevada Democrat said in a statement. "Their behavior was a disgrace to the Senate's tradition of bipartisan cooperation on national security issues and beneath the stature of senators with otherwise distinguished records on national security."


Rice's decision to not seek the post now leaves Sen. John Kerry, D-Massachusetts, as the presumed frontrunner for the spot. Defense Secretary Leon Panetta and other high-ranking officials are also expected to depart soon.


Kerry praised Rice as "an extraordinarily capable and dedicated public servant" in a statement after her announcement.


"I've known and worked closely with Susan Rice not just at the U.N., but in my own campaign for president. I've defended her publicly and wouldn't hesitate to do so again because I know her character and I know her commitment," he wrote. "We should all be grateful that she will continue to serve and contribute at the highest level. As someone who has weathered my share of political attacks and understands on a personal level just how difficult politics can be, I've felt for her throughout these last difficult weeks, but I also know that she will continue to serve with great passion and distinction."


Kerry's road to the State Department, should he be nominated, would appear to be smoother than Rice's. Senate Minority Leader Mitch McConnell said after Rice's announcement that Kerry would be a "popular choice with the Senate."


Another Senate Republican, Rob Portman of Ohio, named Kerry as one of Obama's "better choices" for the spot, according to The New York Times.


But despite his lauded role assisting Obama in preparing for the presidential debates this fall, Kerry is understood to be less of an Obama confidante than Rice.


Kerry is a decorated veteran who served two tours of duty in Vietnam before his career as a lawyer and then in the U.S. Senate. His assignments there include the chairmanship of the Foreign Relations Committee.


Should Kerry step down before his term ends in 2014, Gov. Deval Patrick, a Democrat, would appoint a temporary replacement to hold the seat until a special election could be held. The special election race would likely include Sen. Scott Brown, who won in a special election three years ago but lost his bid for a full term, as well as Democratic Rep. Ed Markey, who is seriously considering a bid should Kerry's seat open, a Democratic source said.


On Thursday, Sen. Kelly Ayotte, R-New Hampshire said she had "respect" for Rice's decision, "however, my concerns regarding the terrorist attack in Benghazi go beyond any one individual. I remain deeply troubled by the continued lack of information from the White House and the State Department. With four of our public servants murdered, it is critical that we get to the bottom of what happened."


Ayotte told CNN after the late November meeting with Rice, Graham, and McCain, "Certainly she misled the American public."


Former CIA Director David Petraeus, who resigned last month after admitting to an extramarital affair, returned to Capitol Hill to testify on the attacks, and Clinton is scheduled to testify next week.


Sen. Susan Collins, the moderate Republican from Maine, said through a spokesman that the Senate Homeland Security Committee, where she serves as ranking member, would continue its investigation into the Benghazi attack. She had raised her own questions about Rice's potential nomination after a private meeting with the ambassador.


The Thursday decision was Rice's own; she was not asked to step aside in the consideration process, a former administration official who had knowledge of her decision said.


"She has got a lot of honor, a lot of dignity, a lot of patriotism. This was a completely manufactured distraction, and she was determined to put her country first," the former official said. "No nominee for secretary of state has been subjected to such a sustained campaign of politicization and slander. And it is really troubling."


Madeleine Albright, who was the first woman to serve as secretary of state and has known Rice for decades, said Rice is "brilliant" and described her withdrawal from consideration as "sad."


"I think it is genuinely, genuinely sad because she is one of the smartest people that I know and completely dedicated to serving the United States," Albright told CNN. Rice "put the country and the president ahead of her own ambition. It just shows what a tremendously thoughtful and good and responsible person she is."


In her letter to Obama, Rice wrote "the position of secretary of state should never be politicized."


"As someone who grew up in an era of comparative bipartisanship and as a sitting U.S. national security official who has served in two U.S. administrations, I am saddened that we have reached this point, even before you have decided whom to nominate," she wrote. "We can not afford such an irresponsible distraction from the most pressing issues facing the American people."


Rice served in President Bill Clinton's administration on the National Security Council, eventually leading African affairs for the council and serving as a special assistant to the president.


She was confirmed by the Senate as the top diplomat to the U.N. in January 2009.


If Rice had been nominated, she would have faced criticism from religious leaders about her role in the Clinton administration's handling of the Rwandan genocide in the 1990s.


U.S. Rep. Mike Rogers, chairman of the Permanent Select Committee on Intelligence, said on CNN that Rice's decision was "probably for the best."


"I think Ambassador Rice was facing an uphill battle in the senate for any confirmation she may have received," he said.


Asked in an interview Thursday on NBC whether she wanted the top diplomatic post, Rice replied that she "would have been very honored to serve in that job."


She added, "But yeah, sure. How can you not want to -- in my field -- serve at the highest possible level?"


CNN's Jessica Yellin, Jim Acosta, Dana Bash, Gloria Borger, Elise Labott, Jamie Crawford, Paul Steinhauser and Gregory Wallace contributed to this report






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Donation-based hospital rescues Afghanistan's wounded

(CBS News) KABUL - In Afghanistan, an American soldier and two Afghans were killed by a car bomb Thursday.

It happened near the U.S. airbase in Kandahar, a few hours after Defense Secretary Leon Panetta left there to meet with Afghan President Karzai.

Taliban attacks have grown more frequent, causing a sharp rise in civilian casualties. There's one place where many of those lives are saved or lost.

The non-profit trauma hospital goes by one name: Emergency. It offers free treatment to the bruised and bloodied victims of this conflict. Every patient who arrives there is a casualty of war.


Dr. Gino Strada

Dr. Gino Strada


/

CBS News

Dr. Gino Strada is the chain-smoking Italian cardiologist who founded emergency in 1999. He told CBS News that he'll take in patients, regardless of whether they're Taliban or whatever their political affiliations may be.

"Otherwise, you're not a doctor anymore," he said, "then you're a judge."

Visit to military hospital shows extent of Syrian conflict
U.S. serviceman killed in Afghanistan just after Panetta visit
Children give graphic account of Afghan murders

Strada said he's seen a dramatic shift in the types of injuries he treats: Fewer bullet wounds and more from roadside bombs and heavy weapons.

"The weapons which are now used are much more powerful and destructive than those that were available ten or fifteen years ago," Strada said.

This year, the hospital has treated nearly two thousand patients -- an all time high. The vast majority are civilians.

Five-year-old Shayr Mohammed's wrist was fractured and his arm burned when he was hit by shrapnel.

His injuries have healed well. But not all children are so lucky.

Another young boy had picked up what he thought was a toy and it exploded in his pocket. By the time he arrived at Emergency, there was nothing the doctors could do.

"We live in a place where insurgents and police are shooting at each other all the time," his uncle said.

Strada said the fighting is coming closer to the capital and the fighting is becoming more intense.

"This is very worrying because it's very difficult to predict what's going to happen in the near future," he said.

As NATO troops prepare to pull out in 2014, there are fears that the security situation could deteriorate further and that Afghanistan's healthcare system will be overwhelmed.


A patient at the Emergency hospital in Kabul, Afghanistan.

A patient at the Emergency hospital in Kabul, Afghanistan.


/

CBS News

The U.S. has spent nearly a billion dollars on health care in Afghanistan the last ten years. But Strada said there is little to show for it.

"What worries me is particularly is corruption in the health sector. When you look at the amount of international aid that has come to Afghanistan for health, you would expect to find fantastic hospitals everywhere. And you don't see one," Strada said.

But there's no shortage of patients, and the war outside Emergency's walls rages on.

Donations to Emergency are accepted at the links below:

www.emergencyusa.org
www.emergency.it/en-index.html

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Health-Exchange Deadline Looms













All of the Affordable Care Act, also known as "Obamacare," doesn't go into effect until 2014, but states are required to set up their own health care exchanges or leave it to the federal government to step in by next year. The deadline for the governors' decisions is Friday.


The health insurance exchanges are one of the key stipulations of the new health care law. They will offer consumers an Internet-based marketplace for purchasing private health insurance plans.


But the president's signature health care plan has become so fraught with politics that whether governors agreed to set up the exchanges has fallen mostly along party lines.


Such partisanship is largely symbolic because if a state opts not to set up the exchange, the Department of Health and Human Services will do it for them as part of the federal program. That would not likely be well-received by Republican governors, either, but the law forces each state's chief executive to make a decision one way or the other.


Here's what it looks like in all 50 states and the District of Columbia:



20 states that have opted out -- N.J., S.C., La., Wis., Ohio, Maine, Ala., Alaska, Ariz., Ga., Pa., Kan., Neb., N.H., N.D., Okla., S.D., Tenn., Texas and Wyo.






Charles Dharapak/AP Photo











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Washington, D.C., Gridlocked as Fiscal Cliff Approaches Watch Video





Several Republican governors have said they will not set up the exchanges, including Chris Christie (N.J.), Nikki Haley (S.C.), Bobby Jindal (La.), Scott Walker (Wis.), John Kasich (Ohio), Paul LePage (Maine), Robert Bentley (Ala.), Sean Parnell (Ark.), Jan Brewer (Ariz.), Nathan Deal (Ga.), Tom Corbett (Pa.), Sam Brownback (Kan.), Dave Heineman (Neb.), John Lynch (N.H.), Jack Dalrymple (N.D.), Mary Fallin (Okla.), Dennis Daugaard (S.D.), Bill Haslam (Tenn.), Rick Perry (Texas), and Matt Mead (Wyo.).


3 States Out, but a Little More Complicated -- Mont., Ind. and Mo.


The Montana outgoing and incoming governors are both Democrats, but the Republican state legislature rejected the Democratic state auditor's request to start setting up a state exchange. So a federal exchange will be set up in Montana as well.


The Indiana outgoing and incoming governors are both Republicans and outgoing Gov. Mitch Daniels deferred the decision to governor-elect and U.S. Rep. Mike Pence, who said his preference is not to set up a state health care exchange, paving the way for the feds to come in too.


In Missouri, Gov. Jay Nixon is a Democrat, but Prop E passed on Nov. 6, which barred his administration from creating a state-based exchange without a public vote or the approval of the state legislature. After the election, he sent a letter to the Department of Health and Human Services saying he would be unable to set up a state-based exchange, meaning the federal government would have to set up its own.


1 State Waiting for the White House -- Utah


Utah already has a state exchange set up, a Web-based tool where small-business employees can shop and compare health insurance with contributions from their employee. In a letter Republican Gov. Gary Herbert sent to the White House Tuesday, he asked for its exchange, called Avenue H, to be approved as a state-based exchange under the Affordable Care Act as long as state officials can open it to individuals and larger businesses.


Norm Thurston, the state's health reform implementation coordinator, says authorities there "haven't received an official response" from the White House, but "we anticipate getting one soon."


There are some sticking points that don't comply with the exchanges envisioned by the Affordable Care Act and Utah would like to keep it that way.






Read More..

Today on New Scientist: 13 December 2012







Violent beauty at the end of an Alaskan glacier

You can almost hear the crash of ice on water in this stunning image of an ice sheet calving off the Chenega glacier in Alaska



Overeating now bigger global problem than lack of food

The most comprehensive disease report ever produced confirms that, for the first time, there is a larger health problem from people eating too much than too little



In search of the world's oldest cave etching

Strange markings on the walls of a cave in Australia's vast Nullarbor Plain could have been a tactile code for ancient Aboriginal flint miners



Higgs boson having an identity crisis

Six months on from its announcement, the mass and decay rates of the particle thought to be the Higgs boson are proving hard to pin down



Go forth and print: 3D objects you can print yourself

We pick our favourite objects to 3D-print, including a mathematical cookie cutter, a wormhole and a New Scientist holiday tree ornament inspired by fractals



Laser drills could relight geothermal energy dreams

High-powered lasers that can drill through igneous rocks may make reaching oil and geothermal sources much easier



Robots should be cleaning your home

Tech investor Dmitri Grishin explains why the time is right for sleek, versatile robots that will be our everyday helpers rather than factory equipment



Welcome to the personal drone revolution

Sophisticated, affordable drones could soon be so commonplace that they will become our personal servants, says Michael Brooks



Finding dangerous asteroids, before they find us

Near-Earth Objects: Finding them before they find us by Donald Yeomans is a fascinating tour guide of the asteroids we should worry about



World's loneliest bug turns up in Death Valley

A microbe that survives deep below Earth's surface without the sun's energy has reappeared, in California



Search for aliens poses game theory dilemma

The complex question of whether to risk contact with ET may be navigable with a new spin on the "prisoner's dilemma"



'Robot ecosystem' in sight as apps get a cash boost

The first company dedicated to investing in consumer robotics stakes $250,000 on robot apps



First results from James Cameron's trip to the abyss

It's not Pandora, but the Mariana trench holds life just as strange as that in James Cameron's film Avatar



UK government urged to consider relaxing drug rules

A parliamentary report calls for a fresh programme of research to monitor the effects of European drug legalisation




Read More..

Asian markets mostly up after Fed move






HONG KONG: Asian stock markets mostly rose Thursday as the US Federal Reserve announced fresh monetary easing and said it would not lift interest rates until unemployment was under control.

However, the gains were capped after the central bank's chief Ben Bernanke said the looming fiscal cliff of huge tax hikes and deep spending cuts was already hitting the economy.

The yen continued its slide ahead of the weekend's general election in Japan that is expected to see a victory for the opposition, whose leader has vowed to press for more aggressive measures to kickstart growth.

Tokyo climbed 1.15 per cent, lifted by the weakening yen, Hong Kong gained 0.22 per cent, Sydney added 0.10 per cent and Seoul was 0.60 per cent higher, but Shanghai lost 0.36 per cent.

After a two-day meeting the policy committee of the US central bank said it would replace its "Operation Twist" bond swapping programme with $45 billion a month in straight bond buys, on an open-ended basis.

That comes on top of the $40 billion a month purchasing announced in September.

The Fed also provided a surprise by saying it would not lift rates as long as the inflation outlook was below 2.5 per cent and the jobless rate, now at 7.7 per cent, stays above 6.5 per cent.

"The Fed's decisions did not really surprise anyone, although its comments about expecting rates to remain very low as long as unemployment remains above 6.5 per cent were somewhat novel," said Hiroichi Nishi, general manager of equities at SMBC Nikko Securities.

"The bottom line is that it will continue its aggressive steps to foster economic growth," he told Dow Jones Newswires.

However, the Fed's announcement was followed by a warning by Bernanke that Washington needed to come to an agreement in their talks on avoiding the fiscal cliff, adding that the lack of action was already causing problems.

"Even though we have not even reached the point of the fiscal cliff potentially kicking in, it's already affecting business investment and hiring decisions by creating uncertainty or creating pessimism," he said at a news conference.

On Wall Street the Dow and S&P 500 ended flat, while the Nasdaq fell 0.28 per cent, with earlier gains from the Fed announcement cut back by Bernanke's comments.

On currency markets the yen remained under pressure as Sunday's poll approaches, with Prime Minister Yoshihiko Noda's Democratic Party of Japan likely to lose to the Liberal Democratic Party, which is headed by Shinzo Abe.

Abe, a former prime minister, has promised to push a more aggressive monetary easing policy to jumpstart the economy.

The dollar was changing hands at 83.42 yen in early Asian trade, from 83.24 yen in New York late Wednesday, while the euro was at 108.95 yen from 108.85 yen. That compares with 82.67 yen and 107.48 yen earlier on Wednesday in Asia.

The euro bought $1.3063 against $1.3075.

Oil was lower in Asia Thursday, with New York's main contract, light sweet crude for delivery in January, falling 19 cents to $86.58 a barrel and Brent North Sea crude for January delivery shedding 15 cents to $109.35.

Gold was at $1,699.60 at 0230 GMT compared with $1,713.22 late Wednesday.

- AFP/ck



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Opinion: 401(k) plans endangered




IBM plans to contribute only once every December to its employees' 401(k) accounts.




STORY HIGHLIGHTS


  • IBM said it would contribute once every December to its employees' 401(k) plans

  • Teresa Ghilarducci: This type of payment benefits the company rather than workers

  • She says relative to other companies, IBM actually has a good retirement plan

  • Ghilarducci: Most companies are reducing retirement benefits; workers lose




Editor's note: Teresa Ghilarducci is a professor of economics and director of the Schwartz Center for Economic Policy Analysis at The New School.


(CNN) -- IBM, one of America's largest companies, shook the employee compensation world when it announced recently that it would contribute only once every December to its employees' 401(k) accounts. Any employee who leaves before December would not be able to collect the company's match.


Workers at IBM aren't marching to the picket line like Walmart workers and longshoreman who protest pay and working conditions, but you just never know.


Only about 9% of the nation's employers make matches once a year. IBM's move is paving the way for big companies to go down this road.


If I were an IBM manager, I would love this once-a-year lump payment. First, my buddies in Human Resources would have much less hassle with fewer deposits to make. By delaying payment to the end of the year, "the float" -- interest accrued -- would go to the company instead of the workers. In other words, the company saves money.


Moreover, few IBM workers are going to voluntarily leave before December, which means projects can be planned better and employees can be asked to do more.


QUIZ: The ultimate portfolio -- 15 questions to help you define your financial goals


A few years ago, in 2008, IBM made news by transforming its traditional defined benefit plan, a pension, into a 401(k)-type plan. That move saved money, but the company lost an important personnel tool.


Defined benefit plans are designed to encourage employees to exit or retire when it is optimal for the company. A 401(k) is cheaper, but it is a "cash and carry" account that does not have the element of timing finesse. A 401(k) plan does not reward loyalty, and its value is not predictable as it fluctuates all over the place depending on the financial markets.






By making workers stay until December before they can receive the company's 401(k) match, IBM is putting back, albeit with an anemic substitute, a reward for workers to stay at least until December.


The company can be pretty sure that there will be very few workers exiting during crunch time season: September, October and November. It would really be IBM's choice in determining which employees to let go. This incremental addition to IBM's control over their employees is surely the main reason IBM changed its 401(k) payment timing.


But let's step back. Relative to other companies, IBM actually has a good retirement plan. It matches more than 6% of a worker's contribution, which is above the national average. Only 7% of companies do not make matches to 401(k) plans, so at least IBM is, for now, in the majority of companies that match their employees' contributions. Not many people know that just because a company sponsors a 401(k) plan doesn't mean that it will pay a cent.


In the Great Recession of 2008 to 2009, more than 11% of companies stopped their 401(k) match. Because they are voluntary, most workers do not even have a retirement account plan, which means many middle-class and upper-middle-class workers will only have Social Security to rely on for retirement.


These workers face considerable chance of downward mobility later in life because Social Security is not designed to replace pre-retirement living standards for anyone but the lowest paid workers. Middle-class workers will need at least a $500,000 payout on top of Social Security checks to have a chance of remaining middle class when they retire. Most of us could only dream of accumulating that amount or its equivalent by saving for retirement at work or being in a pension plan.


IBM looks better than most companies because most companies are whacking their workers' retirement plans or don't sponsor any at all. GM offered its salaried, white-collar workers a lump sum -- the worst way to get a retirement account because people spend a lump sum too fast -- instead of an annuity. Ford will follow GM's example next year. Fortunately, very few auto managers and workers are taking up such an offer; they must know an annuity is more valuable.


What is there to stop companies from ending retirement accounts altogether? Nothing.


Unions represent less than 11% of the private sector workforce and the unemployment rate is high enough that anyone who has a job feels lucky to have a job. I don't see anything on the horizon that will encourage companies to maintain or improve retirement programs at the workplace.


Political leadership and bravery is needed to call out the failure of the voluntary retirement system and to secure retirement income and savings for all American workers.


Follow us on Twitter @CNNOpinion


Join us on Facebook/CNNOpinion


The opinions expressed in this commentary are solely those of Teresa Ghilarducci.






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12-12-12 Sandy benefit: Night of music, stars

Updated: 10:05 p.m. ET


Music filled New York's Madison Square Garden Wednesday night for the "12-12-12" gig all in the name of helping superstorm Sandy victims.





11 Photos


12-12-12 Concert for Sandy Relief




Bruce Springsteen kicked off the star-studded concert, a fitting start for the benefit, which will aid hard-hit storm areas such as the rocker's native New Jersey. The Boss launched into "Land of Hope and Dreams" as audience members rose to their feet, before singing "Wrecking Ball," a song he wrote about Jersey and Giants Stadium at The Meadowlands. He changed a lyric to "My home is on the Jersey shore."


And it's no surprise Springsteen performed "My City of Ruins," a song that has taken on various meanings through the years, especially having debuted around the 9/11 attacks. But Wednesday night, it meant something different to many people watching.

"This was a song I wrote for my adopted hometown -- Asbury Park, which was struggling through hard times," he said, later adding, "Tonight this is a prayer for all of our struggling people in New York and New Jersey."


After slipping in a few lines of "Jersey Girl," Springsteen brought out his friend Jon Bon Jovi for a New Jersey-rocker musical mash-up of "Born to Run."

"The size of the destruction was shocking," said Springsteen in a taped interview with concert organizers prior to the show. "It took days and days to even understand the level of destruction that occurred along the Jersey shore."


After Springsteen and Bon Jovi left the stage, Billy Crystal took the reins, injecting some humor into the night, mixed with touching remarks about the devastation that Sandy brought along with it.

"You can feel the electricity in the building, which means that Long Island power isn't involved," said Crystal, a Long Beach, Long Island, native, before rattling off a series of other jokes that took jabs at New York City Mayor Michael Bloomberg and Gov. Chris Christie.





Play Video


Roger Waters performs at "12-12-12" Sandy benefit concert



Roger Waters took the stage next, playing Pink Floyd classics, including "Us and Them," "Another Brick in the Wall" and "Money."

Pearl Jam's Eddie Vedder joined Waters for a collaboration of "Comfortably Numb," a highlight for Waters.

Waters described the Vedder collaboration as "magical" when speaking with reporters in the press room backstage.

"Eddie was absolutely amazing. It that was like a dream come true...it was magical. I think i stopped singing to kiss him at one point, which is weird," Waters said laughing.

Adam Sandler performed a very different version of Leonard Cohen's "Hallelujah," swapping lyrics out for the occasion, singing: "Halleluja/Sandy screw ya/We'll get through ya."

Actress Kristen Stewart introduced Bon Jovi before the band played "It's My Life" and "Wanted Dead or Alive." Springsteen came out to return the favor from earlier, performing "Who Says You Can't Go Home." While backstage, E Street Band guitarist Steven Van Zandt talked about how Bon Jovi and Springsteen have been friends for years, having both got their start in Jersey.


"There have been hurricanes, there have been storms," said Bon Jovi before the show. "But I've never seen anything remotely close to what Hurricane Sandy was."

After comments from Jon Stewart the evening continued with Eric Clapton doing what he does best. He put on a rocking, blues-heavy performance that included "Crossroads."

Music-lover Jimmy Fallon was in his element on Wednesday and reveled in the opportunity to introduce The Rolling Stones: "Here they are, I always wanted to say this...Ladies and gentleman, The Rolling Stones."

The members of The Stones have been playing some shows in support of their new album, and on Wednesday, they did not disappoint, playing "You Got Me Rockin'" and "Jumping Jack Flash."


Wearing a red dress, Alicia Keys sat along at the piano for a version "Brand New Me."

"I was born and raised in New York City. I still live right now down the street in New York City. This is our city. This is everybody's city..." Keys then broke into an emotional rendition of "No One."

"When I heard there was going to be a concert, I wanted to be there and I wanted to try to do my bit," said McCartney who has an office in Manhattan and spends time with his wife, Nancy Shevell, in Long Island. "Hopefully try to make a bit of difference and give back."

Also in attendance? Steve Buscemi, Martha Stewart, Blake Lively, Scarlett Johansson, James Gandolfini, Jason Sudeikis, Jeremey Piven, Olivia Wilde, Susan Sarandon, Jessica Chastain, Chelsea Clinton, Sean Combs, Leonardo DiCaprio, Katie Holmes, Jake Gyllenhaal, Karlie Kloss, Seth Meyers, Bobby Moynihan, Chris Rock, Susan Sarandon, Jon Stewart and Quentin Tarantino, among others.


Sarandon was one of the stars answering calls at the evening's telethon.

"It's so moving every time you see a grassroots movement," Sarandon said backstage in the press room. "It's just great that people found a way to come out."



Producer John Sykes said the fundraiser features "the greatest lineup of legends ever assembled on a stage."

The sold-out "12-12-12" concert is being aired on 37 TV stations in the United States and more than 200 others worldwide. Thirty websites are streaming the show live. All together -- more than two billion people around the world have access to the show, which benefits the Robin Hood Foundation.

The October storm left millions of people in several states without power or heat. It's to blame for at least 125 deaths and damaged 305,000 homes in New York.


Go here to donate.


Watch live online here.

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McAfee Lands in Miami: I'm Free













Software mogul John McAfee has been released from detention in Guatemala City and has landed in Miami.


Immediately upon landing, according to passengers on the plane, McAfee's name was called and he was whisked off the aircraft. Federal officials escorted the 67-year-old Internet antivirus pioneer through customs spirit him out a side door, out of the view of reporters, according to Miami International Airport's communication director, Greg Chin.


It was not clear whether officials intended to help McAfee avoid the inevitable media circus or wanted to question him. However, he has not been charged with committing a crime in Guatemala or Belize, where the authorities have sought to question him about the murder of his neighbor.


McAfee's departure from Guatemala came earlier today.


"They took me out of my cell and put me on a freaking airplane," he told ABC News. "I had no choice in the matter."


McAfee said, however, that Guatemalan authorities had been "nice" and that his exit from the Central American country was "not at all" unpleasant.


"It was the most gracious expulsion I've ever experienced," he said. "Compared to my past two wives that expelled me this isn't a terrible trip."


McAfee said he would not be accompanied by his 20-year-old Belizean girlfriend, but is seeking a visa for her. He also said he had retained a lawyer in the U.S.






Guatemala's National Police/AP Photo











John McAfee Arrested in Guatemala Overnight Watch Video











Software Founder Breaks Silence: McAfee Speaks on Murder Allegations Watch Video





When he was released earlier today, McAfee told the Associated Press, "I'm free. ... I'm going to America."


McAfee, who had been living in a beachfront house in Belize, went on the run after the Nov. 10 murder of his neighbor, fellow American expatriate Greg Faull. Belize police said they wanted to question McAfee about the murder, but McAfee said he feared for his life in Belizean custody.


He entered Guatemala last week seeking asylum, but was arrested and taken to an immigration detention center. He was taken to the hospital after suffering a nervous collapse and then returned to the detention center. The U.S. State Department has visited McAfee, who is a dual U.S.-British citizen, several times during his stay in Guatemala.


During his three-week journey, said McAfee, he disguised himself as handicapped, dyed his hair seven times and hid in many different places during his three-week journey.


He dismissed accounts of erratic behavior and reports that he had been using the synthetic drug bath salts. He said he had never used the drug, and said statements that he had were part of an elaborate prank.


Investigators in Belize said that McAfee was not a suspect in the death of Faull, a former developer who was found shot in the head in his house.


McAfee told ABC News that the poisoning death of his dogs and the murder just hours later of Faull, who had complained about his dogs, was a coincidence.


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UK government urged to consider relaxing drug rules



































JUST say yes to considering relaxed drug controls, urged a panel of UK parliamentarians this week - but Prime Minister David Cameron has rejected the calls.











Many countries have loosened their penalties for drug use, including the Czech Republic and Portugal, which introduced a "de-penalisation" strategy in 2000. Citizens caught in possession avoid criminal records but must attend drug advice sessions. Last month, the US states of Colorado and Washington voted to legalise the recreational use of cannabis.













The UK report calls for the effects of these legal moves to be monitored. "Drugs policy ought to be evidence-based as much as possible," it concludes. "We recommend that the government fund a detailed research project to monitor the effects of each legalisation system."












The report notes that 21 countries have now introduced some form of decriminalisation. But the government's response has been lukewarm. "I don't support decriminalisation," said Cameron. "We have a policy which actually is working in Britain. Drugs use is coming down."
























































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