Skip to comments.The Guild 10-26-2002 President Bush Saves The Day!
Posted on 10/26/2002 6:11:51 AM PDT by BigWaveBetty
President Takes Action to Protect Pensions and Retirement Security for All Americans
President Bush believes that economic freedom is essential to individual success and prosperity. The President's economic agenda invests in individuals by creating jobs, expanding opportunities to save and invest, providing a good education, and helping each American own part of the American dream.
An important component of the President's economic security agenda is providing American workers and retirees new tools to protect their pensions, investments, and retirement security.
In his radio address, the President will announce the implementation of rules that require workers to receive a 30-day notification before any "blackout" restrictions are placed on their 401(k) plans.
On October 21, 2002, the Department of Labor will issue regulations implementing the new notice provisions, providing important protections to workers and retirees with investments in 401(k) plans. The regulations provide both interim-final rules and a model notice to assist plans in carrying out their responsibilities. Under the new rules:
Workers will receive notice 30 days before any restrictions are placed on their ability to direct investments, take loans, or obtain distributions from their 401(k) plans.
Companies with employer stock in their 401(k) plan will receive the same notice so corporate insiders will know they cannot sell stock in the company or exercise stock options when the workers in the 401(k) plan are restricted from doing so.
The notice to employees must include the reasons for the blackout period; its beginning and ending date; and, if the ability to direct investments is suspended, a statement that participants should evaluate their current investments in light of their inability to direct or diversify assets during the blackout period.
Failure or refusal to provide the required notice will result in a civil penalty.
The rule will be effective on the earliest possible date under the statute, January 26, 2003 (180 days after enactment of the Sarbanes-Oxley legislation). The Securities and Exchange Commission is also working on a new rule scheduled to take effect early next year that will bar corporate executives from trading their stock when their rank and file workers are prevented from selling theirs.
The President has proposed other important, commonsense proposals to help protect the retirement savings of American workers:
Allowing workers to diversify their investments in employer stock after three years.
Providing workers quarterly benefit statements that explain the value of diversified investments.
Giving workers better access to much-needed investment advice from professional advisers acting in the workers' best interest. These remaining provisions passed the House of Representatives on April 11, 2002. Unfortunately, the Senate has failed to act on these important initiatives.
To learn more about the President's comprehensive economic security and corporate accountability agenda please visit www.whitehouse.gov
Click link to see GOP response to dim Social Security cartoon.
Welcome Home mountaineer!
LINA Wertmuller was said to be appalled when she found out that the lead character of her 1970s movie classic, "Swept Away," had her name changed in the disastrous Guy Ritchie/Madonna version. The rich bitch played by Madonna - Raffaella Pavone Lanzetti in the original - is named Amber Leighton in the remake. MSNBC's Jeannette Walls muses: "Why, you may ask, is it so weird that the shrewish Amber Leighton gets smacked and humiliated and nearly raped in Guy Ritchie's little vanity project? Well, it just so happens that Guy Ritchie's mother is named Amber Leighton." That's a little too creepy for us.
Mountaineer, that pic of the freak show was the freakiest! I hope you didn't run into too many of those freaks o' nature over there in Europe.
THAT soulful singer India.Arie is a big fan of Dr. Laura Schlessinger and Rush Limbaugh. Arie told Self magazine, "My political views don't usually mesh with theirs, but I like the way Dr. Laura thinks sometimes: If you're not supposed to do it, don't!" .Well Miss Arie, be prepared to take some heat for those opinions!
VH1 hasn't canceled "Life With Liza and David" yet, but it's close. Taping was delayed by a month due to Liza Minnelli and her svengali hubby, David Gest, "rehearsing" their parts, and Gest has driven producers crazy with his micromanaging of every detail and his exorbitant demands. "VH1 has issued a third warning to David Gest to back off and let others do their jobs," said one insider. The show, originally set to debut Dec. 8, will now bow in early January, if Gest can toe the line and producers resolve the "budget issues." "Liza and David are doing all these dinners and have demanded the best of everything - china, silver, whatever. They are spending too much." Liza is spending on stylist Tina Knowles, the mother of Destiny's Child diva Beyonce Knowles. "They really hit it off over lunch a while back, and discovered they shared the same taste in clothes," says a pal of Tina. Knowles just co-authored a book with Zoe Alexander, "Destiny's Style: Bootylicious Fashion, Beauty and Lifestyle Secrets of Destiny's Style" (ReganBooks).
Rehearse for dinner? I guess those dolls of David's came in handy after all. Picture it, Liza and David and the dolls seated at the dining table at home with L and D practicing witty dinner banter with the dolls.
Howard Stern was invited to their first dinner taped earlier this week. He declined saying he would have to be paid 1 million dollars to dine with Liza and David.
Thanks for the pings mountaineer.
Can you believe we just missed - by a few hours - seeing America's sweethearts (Chels 'n' Ian) at the Victoria & Albert Museum in London? Be still my heart.
Defense attorney Mark Geragos asked the them whether the fact Ryder is "pretty and rich" would prejudice her in their eyes. No one answered affirmatively.
Addressing the former Sony executive, he said: "Mr. Guber, you're not afraid of working in this town again if you get on this case, are you?" There was laughter in the courtroom as Guber answered, "No." full story
Mark Geragos is an idiot.
unlucky I guess.
Can you imagine letting someone as scary as Donnetella give you a make-over?! Have I told you lately I'm grateful we're normal?
Mark Gratuitous makes my blood boil.
LONDON (Reuters) - British students are being recruited to test condoms, rating them for their pleasure, comfort and performance qualities.
The 100-150 successful job applicants will be paid 100 pounds ($155) per academic term as they road-test a range of condoms from German manufacturer Condomi.
"The condom testers will be asked to give a pleasure rating. They will not be asked to test quality -- that has already been done," Condomi's marketing manager in Britain Victoria Wells told Reuters on Thursday.
"Test results will be fed back to our research and development department, and we hope that the students who participate will both enjoy the testing and the money, and give us a frank response which we can use for product development," Wells said.
She said adverts had been placed in a number of student publications and will run on several student radio stations from October 25.
Would-be testers will be asked to fill in an application available online at www.condomi.co.uk.
Among the voluntary questions asked of candidates will be: how many partners they have had, how often they have sex and how long its lasts -- with the option to tick various boxes marked from "under one minute" to one marked "1.5-two hours."
Good Lord, let's hope that's college students. This would explain Chelsea's Oxford career.
WASHINGTON (AP) - Customers at a McDonald's in the nation's capital got a shock Friday when two deer jumped through the restaurant window.
The animals shattered the glass around 11 a.m. and ran through the fast-food restaurant, about a mile and a half north of the Capitol.
When animal control officers arrived, one deer was trapped in the restaurant. The other had jumped back through the window and was found in an adjacent field.
Peggy Keller, chief of animal disease prevention with the District of Columbia Department of Health, said authorities didn't know where the deer came from.
"There are no really heavily wooded areas" nearby, Keller said. "But the area where one deer was hiding was fully able to support them there was lots of vegetation, there was water."
Four customers suffered minor injuries. Both deer were severely injured and had to be euthanized. Crews searched the field for other deer, but none were found.
Keller said District animal control officers usually handle about 10 calls a year concerning deer.
Big Mac attack?
BROOKLYN PARK, Minn. (AP) - Pheasant season took an ugly turn for Michael Murray when he was shot by Sonny, his year-old English setter pup.
The puppy knew something was very wrong when Murray dropped to the ground with blood spurting from his ankle. "Sonny just laid by my side," Murray said. "He knew something was bad."
Murray, 42, was hunting in western South Dakota on the first day of the season last Saturday. He said he was lining up a photo of the seven birds his hunting party shot in the first hour.
A loaded 12-gauge shotgun lay on the ground near the frisky dog.
"He stepped on the gun and it went off," Murray said. "At first I didn't know what happened. I got that blinding flash of pain and I sat down. Blood was pumping out of my ankle."
His brother-in-law, Chuck Knutson of Woodbury, quickly tied a tourniquet above Murray's right boot. The third member of the hunting party was Murray's father, also Michael, of New Richmond, Wis.
"My dad's 75," Murray said, "He was white as a ghost."
The three men climbed into their truck and drove to a relative's house. A half-hour later, an ambulance took Murray to a nearby hospital.
After 15 stitches and a night in the hospital, Murray is on course for a complete recovery.
"It was the most bizarre thing that has ever happened to me," he said.
Murray admits there is a certain amount of notoriety that goes along with getting shot by your dog.
"That's the hard part, talking to people, because you feel like such a fool," he said.
SAN FRANCISCO (Reuters) - How about a nice glass of Chardonnay to go with that sponge when cleaning the kitchen?
If food scientist Mark Daeschel is successful, you may soon find wine-based disinfectants on grocery store shelves.
Looking to build on previous anti-microbial research and anecdotal evidence, Daeschel decided to take a hard, scientific look at a centuries-old piece of advice: drinking wine with a meal helped some people avoid food poisoning.
Daeschel, a professor of food science and technology at Oregon State University in Corvalis, about 75 miles (120 km) south of Portland, found that wine, particularly white wine, kills E. coli, salmonella and other potentially deadly bacteria.
"From there, we came up with the idea of a wine-based disinfectant," Daeschel said. "There's a lot of wine out there in the world that doesn't have a home for one reason or another."
He found that the combination of white wine's high levels of malic and tartaric acids with the alcohol content attacks and kills the germs.
Oregon State has attorneys preparing a patent application for the formula once it's completed, Daeschel said. And some wineries that have gotten wind of his research are interested in licensing it as a way to get rid of their excess vin ordinaire, he said.
Daeschel said he's tweaking the formula to get the best germ-killing results and making sure it doesn't leave a sticky residue on counters or a foul odour.
Beyond an alternative to chlorine-or iodine-based disinfectants in the kitchen, the formula could also be used in other food-related areas, such as in meat processing operations to sanitise the carcasses of cattle, chickens and pigs.
So what do Daeschel and his students do with all that wine when they're done with it in the laboratory? "When the mothers ask that, we say it goes down the drain," Daeschel said.
Great! Now between FR and drinking wine while cleaning, I'll never get anything done.
Sounds like what we have in MA today, too! We're going to a Halloween party tonight with carve your own pumpkins and everything! It is loads of fun, this will be our third year going to this one.
When I get my picture posting skills learned, I want to post a picture of the gorgeous roses Sir SuziQ sent me last week while he was in CA. They look like velvet and the fragrance is intoxicating! Since they are a week old, they have opened completely, but are STILL gorgeous!
Y'all have a great day!
Wow, that's the truth. Now if you'll excuse me, I need to go to the store for some, er, um, cleaning supplies. Yeah, that's it, cleaning supplies. Something with a nice bouquet and lingering finish, and I don't mean Pine-Sol.
Chelsea Clinton and Belvedere boyfriend Ian Klaus are out of their New York apt. Word is they are back at Oxford, where she's living alone in digs at University College. Chelsea and Ian wanted to share a flat in the town, but Bubba's security people said no, that she's safer behind the gates of the college. ...
Does it strike anyone else as ODD that ANYONE in the industry, especially a former Chairman would end up on a jury?
E - I have to admit to ignoring most lawyer-commentators on TV, but it goes without saying that the ones I least want to see or hear are Geragos and Van Susteren! Yecchh.
A DEMOCRATIC Party operative who worked as an advance man for Hillary Rodham Clinton for eight years says she regularly used "goon squads" to subdue anti-Clinton demonstrators. Patrick Halley writes in his new book, "On the Road with Hillary" (Viking), that the goons would be "sprinkled" throughout the crowd at Hillarys appearances "so there was always someone able to respond quickly," reports NewsMax.com. Halley says hes proud that none of them got arrested, though one group from the longshoremens union did get a little rough. Page Six
Page Six also hears ... THAT Al and Tipper Gore will be at the 92nd Street Y on Nov. 13 to hawk their books, "Joined at the Heart: The Transformation of the American Family" and "The Spirit of Family," to fawning supporters.
And we all hate when this happens:
IN what could be the newest crusade for PETA, Courtney Love has been telling pals that shes devastated over the bizarre death of her Pomeranian. Apparently, several years ago when Love had her breast implants removed, she kept them as "souvenirs." All was fine until her dog ate one of the souvenirs and keeled over. "They werent her implants, they were bootleg implants from Mexico," Loves rep said. "The dog ate one and died."
Who'd have thunk it? Just as gubernatorial candidate Carl McCall is begging Democratic National Chairman Terry McAuliffe for campaign funds, McCall's former rival, Andrew Cuomo, is riding to the rescue.
On Tuesday, Cuomo is throwing a fund-raiser for McCall at the Beacon Restaurant on W. 56th St. The onetime McCall-basher has given the candidate the maximum contribution of $30,700. Cuomo is also starting to dole out some of the nearly $1.5 million left in his campaign war chest. He's given $25,000 to the Democratic Rural Conference and $65,000 to party candidates around the state, according to a Cuomo rep.
The ex-candidate even showed up last week at a fund-raiser for Harlem Rep. Charlie Rangel - who, during Cuomo's campaign, belittled Cuomo's wife, Kerry, and suggested he might vote for Gov. Pataki if McCall lost to Cuomo.
All of this suggests Cuomo is doing his best to repair his relationship with the state party, whose convention he boycotted during the summer. "Andrew made a commitment to support McCall," says one Cuomo friend. "He wants to show Democrats he'll work for the party." NY Daily News.
And other stuff from the Daily News, in case you were wondering:
VH1 execs are vehemently denying talk they've abandoned Liza Minnelli's show because her husband, David Gest, wanted to call the shots. A VH1 rep says "Life With Liza and David" is "a go for January."
Julia Roberts and Jennifer Lopez have not - repeat not - ordered up babies. Published reports claimed that adoption was on the minds of Roberts and hubby Danny Moder, as well as Lopez and boyfriend Ben Affleck. Reps for all parties call the stories rubbish.
Well, I certainly feel better now.
Not to worry, half a glass and I'm giddy. ;-)
Courtney shows us why we should NOT be photographed after an evening out.
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