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In this issue
Edition: U.S.
Vol. 166 No. 18

COVER
The Broken Promise (Business)
Companies are walking away from longtime pension obligations, leaving millions of Americans at risk of an impoverished retirement. TIME looks at how Congress let this happen and the social insecurity it's causing

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NOTEBOOK
Miers Makes GOP Enemies

10 Questions For Mike Wallace


NATION
An Unholy Alliance?
A TIME investigation shows the lobbyist now at the center of a federal probe had a good friend eager to open doors at the White House: former Christian Coalition chief Ralph Reed


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AN UNNAMED SOUTH KOREAN NAVAL OFFICIAL, after North and South Korean naval forces exchanged fire Tuesday in disputed waters