Over the last two decades, employers have been shutting down defined-benefit pension plans and steering their workers into 401(k)-type savings plans. But the returns on many of these retirement funds have been dismal for more than a decade.
There's a hot dog war going on between Kraft Foods which makes Oscar Mayer hot dogs and Sara Lee the maker of Ball Park franks. A judge in Chicago is hearing a case in which each side says the other broke false-advertising laws by saying that their respective hot dogs won a national taste test.
French President Nicolas Sarkozy and German Chancellor Angela Merkel are discussing what additional measures can be taken to contain the crisis. France is struggling to maintain its triple-A bond rating — while the Germans try to limit expectations that they will always come to the rescue of countries in trouble.