pensions crisis Concepts

Planet Ponzi

by Mitch Feierstein · 2 Feb 2012 · 393pp · 115,263 words

handed over every single penny of our earnings to the IRS, the country would still be in debt afterwards. But, serious as the state-level pension crisis is, it’s only the tip of a vastly larger iceberg. The pensions owed to public servants are legal, enforceable, courtroom-ready obligations, but that

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’re going to get their money back. You know: the almost $2.5 trillion that France borrowed.) Meantime Martine Aubry wants to fix the looming pensions crisis by bringing the pensionable age down from sixty-two to sixty. François Hollande wants to create 300,000 public sector jobs. And French voters appear

The Precariat: The New Dangerous Class

by Guy Standing · 27 Feb 2011 · 209pp · 89,619 words

. And, whether groaners or grinners, old agers are being helped to compete with youth in the precariat, as governments react to the combination of the pension crisis and the perception that in the longer term there will be a labour shortage. First, governments are offering subsidies for private (and some public) pension

How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely

by Andrew Craig · 6 Sep 2015 · 305pp · 98,072 words

results for their investors than for investors in racier hedge funds who try and “shoot the lights out” every year. How can we have a pensions crisis when you can turn £5,000 into £1 million with such relatively modest returns? COSTS ARE KEY Crucially, please note the huge differences that a

The Price of Time: The Real Story of Interest

by Edward Chancellor · 15 Aug 2022 · 829pp · 187,394 words

and elsewhere. The collapse in interest rates also lowered the return on retirement investments and raised the value of retirement liabilities. As a result, a pensions crisis appeared in the United States and Europe. Retirees around the world faced the grim prospect of outliving their savings and dying in penury. A DEARTH

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, liability hedging by corporate pension funds drove the yield on fifty-year inflation-linked gilts into negative territory.61 Thus, low rates begot a pensions crisis and the pensions crisis begot lower rates. The pension world was caught between a rock and a hard place. In theory, higher interest rates would reduce pension liabilities

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, new growth came from a variety of sectors: tourism, renewable energy and technology. While the rest of the developed world was engulfed in an intractable pensions’ crisis, Iceland’s private retirement savings comfortably exceeded national income. A decade after the crisis, Iceland’s GDP was 15 per cent above its pre-crisis

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J., ‘Prices and Wages at Paris under John Law’s System’, Quarterly Journal of Economics, November 1936: 42–70. Hanif, Farooq et al., ‘The Coming Pensions Crisis: Recommendations for Keeping the Global Pensions System Afloat’, Citi GPS, March 2016. Hansen, Alvin H., ‘Capital Goods and the Restoration of Purchasing Power’, Proceedings of

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month. Estimates from ‘Annuity Rates and Trends’, Immediate Annuities.com, https://www.immediateannuities.com/annuity-trends/. 38. Estimates from Farooq Hanif et al., ‘The Coming Pensions Crisis: Recommendations for Keeping the Global Pensions System Afloat’, Citi GPS, March 2016, p. 8. 39. In September 2015, the aggregate deficit of UK corporate pension

The Weightless World: Strategies for Managing the Digital Economy

by Diane Coyle · 29 Oct 1998 · 49,604 words

them better. Despite the catch, most of the industrial countries will probably end up introducing something similar. Even in Britain, where there is no looming pensions crisis in terms of government finance because of the capping of the state pension and introduction of private pensions in the 1980s, there is still interest

The Euro: How a Common Currency Threatens the Future of Europe

by Joseph E. Stiglitz and Alex Hyde-White · 24 Oct 2016 · 515pp · 142,354 words

, even though when Georges Papandreou was foreign minister, there was a serious rapprochement. 32 See John Henley, “ ‘Making Us Poorer Won’t Save Greece’: How Pension Crisis is Hurting Its People,” Guardian, June 17, 2015. 33 Matthew Dalton, “Greece’s Pension System Isn’t That Generous After All,” Wall Street Journal, February

Stolen: How to Save the World From Financialisation

by Grace Blakeley · 9 Sep 2019 · 263pp · 80,594 words

Many young people are now accustomed to the fact that they will never own their own homes. On top of the stagnation in wages, the pensions crisis, and the erosion of the nation’s collective wealth, today’s young people missed the 1980–2007 boat entirely, and are now left with the

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quo, even as their parents cling to its remnants in the hope of protecting the value of their assets. But as house prices fall, the pensions crisis escalates, and wages continue to stagnate, even these voters are likely to concede that there might be a better way to run the economy. Impending

The Fourth Revolution: The Global Race to Reinvent the State

by John Micklethwait and Adrian Wooldridge · 14 May 2014 · 372pp · 92,477 words

level. So far the emerging world has not seized the opportunity to leapfrog ahead that technology has presented it with. Brazil is heading toward a pension crisis that could dwarf even those in Greece and Detroit. India may have a few of the most innovative hospitals in the world, but it has

How Money Became Dangerous

by Christopher Varelas · 15 Oct 2019 · 477pp · 144,329 words

, the self-interested motives of politicians, and the greed of Wall Street than with the actual financial and economic fundamentals. * * * In 2007, Stockton’s mounting pension crisis arrived. During the previous years, when allocations for public employees were set at untenable levels, the city hadn’t reserved enough cash to cover those

Makers and Takers: The Rise of Finance and the Fall of American Business

by Rana Foroohar · 16 May 2016 · 515pp · 132,295 words

programs and benefits rather than augment them (just look at what’s happening in Europe today). This adds further fuel to the fire of the pension crisis. Finally, retail and institutional investors are beginning to understand how badly they’ve been fleeced by the asset management business. The year 2014 was a