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As Congress shrugs off the stunning level of unemployment and busies itself with the next step in the job-destroying takeover of American medicine, it will do everyone a great bit of good --especially Members of Congress and their staffs-- to spend three minutes this weekend watching this video.
QuantumSphere is seven years old, founded and operated by a University of California Irvine grad in Santa Ana, one of the country's most impoverished cities, with capital he raised for himself. He employs 21 people in the invention and production of advanced materials and process chemistry used in a wide variety...
Creating Real Jobs: QuantumSphere and the Challenge of 2010
Once a company has been in business long enough to have a full complement of retirees to support, they can NEVER shrink, or they won't be able to meet their obligations.
Maybe you read about this in the news recently?
Pension plans have the same or greater inherent risk as 401(k)'s - they just do a better job of hiding it up-front.