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The Pension Protection Act of 2006 single-handedly created target date funds as a global asset class, one which now commands a 20% to 25% share among public and corporate pension plans. In the United States, more than $2.5 trillion is invested in these types of funds by approximately 40 million people.
The Pension Protection Act gives legal protection to plan managers when the participants fail to make a specific choice. In that case, the employee’s contributions go to the age-based “default” option. For this reason, many investors in retirement accounts end up holding these target date funds (TDFs) without paying attention to the direct and indirect costs associated with them. This results in a cumulative return
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2021 Texas Medical Association Medical Student Section (TMA-MSS) Student of the Year Award
Whitney Stuard, a sixth-year MD/PhD student in the Medical Scientist Training Program at UT Southwestern Medical School (UT Southwestern), received the 2021 Texas Medical Association Medical Student Section (TMA-MSS) Student of the Year Award. TMA’s House of Delegates policymaking body announced Ms. Stuard’s award today during TexMed, TMA’s annual conference, held virtually.
“The members of TMA have been upholding a commitment to health care, leadership, professionalism, and service for many years,” said Ms. Stuard, of Dallas. “I am truly honored to be placed in the ranks of those past honorees from the Medical Student Section.”
Oman ophiolite suggests subduction started with a shove
by Mary Caperton Morton Friday, December 21, 2018
Past research has suggested two mechanisms by which subduction zones may form along an area of lithospheric weakness: spontaneous sinking of denser crust and lithosphere, and forced convergence driven by lateral movement of a plate. A new study suggests that the latter was responsible for the formation of a fossil subduction zone off the Arabian Peninsula beginning about 104 million years ago. Credit: K. Cantner, AGI.
Plate tectonics is a fundamental control on how Earth operates and is important for the planet’s habitability, but how this crustal recycling process got started has long been a mystery. A new study examining some uniquely coupled metamorphic and volcanic rocks in Oman is adding some needed clarity about the initiation of subduction zones, a critical component in plate tectonics.
Dallas residents eager for GED classes flocked to the library when classes restarted online
The pandemic shut down the in-person program but virtual courses removed barriers to access for students with children, work and other commitments.
Betsy, left, and Gary Keep instruct a geometry lesson to this semester’s final virtual GED math class from their home in Dallas on Thursday, April 22, 2021. The Keeps are teachers with the Dallas Public Library s GED program, which is one of the few free programs and only options for economically disadvantaged students. Virtual classes began last May during the pandemic, and now online classes are thriving and enrollment is up 30%. It s a solution that the library thinks it will keep running with post-pandemic to increase access to GED classes at a time when more students are trying to reskill. (Lynda M. González/The Dallas Morning News)(Lynda M. González / Staff Photographer)
Yves here. While this paper pursues a very important question about norms, I have strong doubts about its conclusions, which is basically that there are clear tipping points and they are durable. For instance, abortion rights are far from settled in the US. The women’s liberation movement made the huge tactical error of not getting abortion rights enshrined in legislation, and instead relied on the Supreme Court to hold their win. Richard Nixon made sure that abortion rights meant less than they seemed to by refusing to fund the procedure. And despite the belief that women can get an abortion, that right is increasingly empty as MDs are not learning how to do abortions in med school, Six states have only one clinic, and in 2014, 90% of US counties had no clinic. Moreover, many conservative state make abortions a two-day process by requiring women to hear lectures about how they are killing a fetus and watching videos and then waiting 24 hours after that to have the abortion. How ma