2020
January
03
Friday

Monitor Daily Podcast

January 03, 2020
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Today we look at escalation in the conflict between the U.S. and Iran, its wider global fallout, an anthropologist’s role in the Ebola crisis, progress for women in Russia, and a Hiroshima survivor’s ongoing quest for disarmament. But first some good news from Washington.

Sometimes people need a little nudge to do something – even when it's in their own interest. That’s the human-behavior insight behind the rise of automatically enrolling workers in retirement-savings plans, and even automatically raising the contribution rate as their income goes up.

Some critics decry an implicit paternalism (though people are free to opt out). But the idea helped win economist Richard Thaler a Nobel Prize in 2017. Now it is also embodied in a new U.S. law. 

The bipartisan Secure Act is designed to mend a national shortfall in retirement savings. By one estimate, half of U.S. households are at risk of not having enough to maintain their living standards in retirement. 

The law includes a tax credit for small employers to boost auto enrollment. Other key changes in the law, which went into effect this week, include making it easier for small businesses to offer retirement plans, making plans available to many part-time workers, and encouraging employers to offer annuities alongside other investment choices in 401(k) plans. It also tweaks some rules for contributions and required distributions.

The changes may be more incremental than revolutionary. But retirement expert Alicia Munnell at Boston College says they lean in a positive direction. She tells MarketWatch that having access to retirement plans and being auto enrolled “is probably the biggest thing that could improve the retirement outlook for people.”  


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Today’s stories

And why we wrote them

Iraqi Prime Minister Press Office/AP
A vehicle burns at the Baghdad International Airport following an airstrike early Friday, Jan. 3, 2020. The Pentagon said the U.S. military had killed Maj. Gen. Qassem Soleimani, head of Iran's elite Qods Force, at the direction of President Donald Trump.

A deeper look

Kudra Maliro
Anthropologist Julienne Anoko speaks to a local leader in the village of Butiaba in eastern Congo. Dr. Anoko works to improve relationships between local communities affected by Ebola and international health care workers.

Difference-maker

Andrew Milligan/PA/AP/File
Hiroshima survivor Setsuko Thurlow, seen here in Edinburgh in May 2016, during a campaign against nuclear weapons, advocates against nuclear armament. Ms. Thurlow was 13 when American forces dropped an atomic bomb on her home city in August 1945.

The Monitor's View

Michael Spooneybarger/Reuters/File
Empty beer cans litter the beach during spring break festivities in Panama City Beach, Fla.

A Christian Science Perspective

About this feature

A message of love

Aly Song/Reuters
Photojournalists strive to capture moments that tell a full story, bringing news from the remotest corners of the globe in an instant. Through them we learn more about the world, and ourselves. Here is a roundup of photos from this week that Monitor photo editors found the most compelling.
( The illustrations in today’s Monitor Daily are by Karen Norris and Jacob Turcotte. )

A look ahead

Thanks for joining us today. Come back Monday when the Monitor's Harry Bruinius introduces readers to New Yorkers rallying in support of the city's Jewish residents in the wake of a rash of anti-Semitic attacks.

More issues

2020
January
03
Friday
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