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encourages Americans to utilize retirement savings and investment plan strategie

The week also encourages individuals to reflect on their current financial situations and their potential for a secure retirement in the future.

2. Half of Americans aren’t saving for retirement

49 percent of Americans say they aren’t contributing to any retirement plan. Those least likely to save for retirement: individuals between ages 18 and 34.

planning a home remodel and planning a vacation ranked higher on the list of priorities within the past year than planning for retirement (which ranked third).

respondents

Apparently 80 is the new 65 for many middle-class Americans when it comes to retirement. One-third of survey

The majority of middle-class Americans aren’t confident in the stock marke

When survey respondents were asked what they’d do if given $5,000 to invest for retirement, only 24 percent said they’d invest in stocks – compared to 40 percent who would choose a CD or savings account and another 22 percent who would invest in gold or precious metals.

Women are less engaged in retirement planni

More than 20 percent of Americans have borrowed against their 401(k), the highest percentage since 1996, according to the Employee Benefit Research Institute. The average loan size is 14 percent of the remaining account balance.

About 95 percent of companies are back to matching 401(k) contributions, but only 30 percent of employees are taking advantage of this, according to a survey by the nonprofit Plan Sponsor Council of America.

Forty percent of Americans fear lack of retirement funds

the American marijuana business brings in about $2 billion a year to Mexico’s drug traffickers.

That makes it almost as important to their business as the cocaine trade, which is worth about $2.4 billion.

Many Mexicans therefore wonder if America might consider a new approach. Felipe Calderon, the president, has said that if Americans cannot bring themselves to stop buying drugs, they ought to consider “market alternatives”, by which he means legalisation. Vicente Fox and Ernesto Zedillo, the two previous presidents of Mexico, have reached the same conclusion.

About 60,000 have been killed by organised crime during the past six years. Thousands more have disappeared.

In Mexico relatively few people take drugs. But many are murdered as a result of the export business.

Would Mexico’s bandits find themselves undercut by “El Cártel de Seattle”?

So smuggling legal Washington dope to New York, for instance, would add about $1,900 to the cost of a kilo, giving a total wholesale price not much below $4,000.

That would make it more expensive than imported Mexican pot. But home-grown marijuana is much better quality than the Mexican sort. The content of tetrahydrocannabinol (THC), the part that gives you the giggles, is between 10% and 18%, whereas in Mexican pot it is only about 4% to 6%.

It calculates that the cost of growing marijuana legally is about $880 per kilo. Adding on a decent mark-up, plus the taxes that would be applied, it puts the wholesale price of Washington marijuana at just over $2,000 per kilo.

Legalisation could, in short, deal a blow to Mexico’s traffickers of a magnitude that no current policy has got close to achieving. The stoned and sober alike should bear that in mind when they cast their votes on Tuesday.

whereas in the 1960s the average Mexican woman had seven children, she now has two. Within a decade Mexico’s fertility rate will fall below America

A third of Mexico has a lower murder rate than Louisiana, America’s most murderous state. Nevertheless, the “cartels” will remain strong while two conditions hold. The first is that America imports drugs—on which its citizens spend billions—which it insists must remain illegal

Boosting Mexico’s poor productivity means forcing competition on a cosy bunch of private near-monopolies—starting with telecoms, television, cement and food and drink. That means upsetting the tycoons who backed his campaign.

The increase in federal taxes and the reductions in federal spending would cut the budget deficit (the difference between how much revenue the government takes in how much it spends) from $1.1 trillion last year to $641 billion in fiscal 2013, roughly a $500 billion cut. That represents a reduction in the budget deficit (as a percentage share of GDP) not seen since 1969 when the conservative Richard Nixon booted the free-spending Lyndon Johnson out of the White House

It is therefore hard for politicians to so brazenly throw the nation into a deep recession to reduce spending when the benefits of acting are so intangible. The fact is that the Budget Control Act of 2011 was political theater in which the Republicans tried to appease "Tea Party" voters – a constituency that has basically been wiped out as the economy has improved. Discussions around raising the marginal tax rate on the top 2% are simply just political fodder. Indeed, multiple studies, including ones by the CBO say that it would raise an insignificant amount of money (a negative for the Democratic view) but would also cause no real harm to the economy (a negative for the Republican view). In the end, if it takes changing the top 2% rate from 35% to 39.6% to end this whole fiscal cliff charade, you can bet it has already been agreed to