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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (45682)	11/16/2005 8:44:40 PM
From: Amark$p	Respond to of 110194

Best thing about Hussman is that he invests a majority of his own net worth in his funds.

To: ild who wrote (45682)	11/16/2005 9:44:48 PM
From: ild	Respond to of 110194

Senate Approves Legislation To Shore Up Private Pensions By JOHN GODFREY DOW JONES NEWSWIRES November 16, 2005 7:13 p.m. WASHINGTON -- The Senate on Wednesday passed a sweeping pension funding bill that touches on almost every type of federally regulated retirement plan except Social Security. The 618-page bill passed 97 to 2. The Senate bill requires companies to fully fund their pension plans, toughens funding rules for companies with older workers and makes it harder for companies to avoid making contributions to their pensions during economic downturns. The House could vote on its version of the bill some time in December. The Senate bill would also prevent employees from being stuck with their employer's stock in their 401(k) plans, allow employees to be automatically enrolled in their company's plans, clarify the legality of cash-balance pension plans and allow 401(k) plan managers to provide investment advice to plan beneficiaries. The driving force behind the measure is concern that the nation's traditional pension plans have become dangerously underfunded, raising the specter of a savings-and-loan-type taxpayer bailout. The Pension Benefit Guaranty Corp. estimates that the nation's pension plans are underfunded by more than $450 billion. more... online.wsj.com