Thursday, April 30, 2009

"Lies, damn lies, and statistics"

(Note to CCbloggers: For some reason the site is linking to the wrong posts. See the "Blog Archive" to the right and click on the post your are looking for. Sorry for the confusion!)

Here is one more application for Mark Twain's famous and very useful phrase: 401ks. Dan Sorin has been writing for some time trying to expose the false promises of these leaky retirement funds relied upon by millions. In this short article he tells of discovering another layer of deception: manipulating employers' plans' performance histories to inflate the appearance of their success. Sorin doesn't understand how they get away with it. In any case, it's called lying.

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