A call-to-action evaluation of the economic dangers posed by the retiring generation's pensions and health-care needs offers insight into how pensions work and why they are threatening major companies and public institutions.
Author: Roger Lowenstein
Publisher: Penguin Books
ISBN: 0143115383
Category: Business & Economics
Page: 274
View: 777
A call-to-action evaluation of the economic dangers posed by the retiring generation's pensions and health-care needs offers insight into how pensions work and why they are threatening major companies and public institutions.
WHILE AMERICA AGED How Pension Debts Ruined General Motors, Stopped the NYCSubways, Bankrupted San Diego, and loom as the Next Financial Crisis ROGER ...
Author: Roger Lowenstein
Publisher: Penguin
ISBN: 9781440639401
Category: Business & Economics
Page: 288
View: 789
The retirement crisis facing America-and the road map for a way out-from The New York Times bestselling author of Origins of the Crash In the last several decades, corporations and local governments made ruinous pension and healthcare promises to American workers. With these now coming due, they threaten to destroy twenty-first- century America's hopes for a comfortable retirement. With his trademark narrative panache, bestselling author Roger Lowenstein analyzes three fascinating case studies-General Motors, the New York City subway system, and the city of San Diego-each an object lesson and a compelling historical saga that illuminates how the pension crisis developed. Cumulative retirement deficits are approaching $1 trillion, and Lowenstein warns that these are only the first. Retirement pensions will continue to be a critical issue as the country ages, and While America Aged is the urgent call to action and prescription for reform.
Roger Lowenstein—acclaimed financial journalist and bestselling author of When Genius Failed and The End of Wall Street—tells the drama-laden story of how America created the Federal Reserve, thereby taking its first steps onto the ...
Author: Roger Lowenstein
Publisher: Penguin
ISBN: 9781101614129
Category: Business & Economics
Page: 368
View: 399
A tour de force of historical reportage, America’s Bank illuminates the tumultuous era and remarkable personalities that spurred the unlikely birth of America’s modern central bank, the Federal Reserve. Today, the Fed is the bedrock of the financial landscape, yet the fight to create it was so protracted and divisive that it seems a small miracle that it was ever established. For nearly a century, America, alone among developed nations, refused to consider any central or organizing agency in its financial system. Americans’ mistrust of big government and of big banks—a legacy of the country’s Jeffersonian, small-government traditions—was so widespread that modernizing reform was deemed impossible. Each bank was left to stand on its own, with no central reserve or lender of last resort. The real-world consequences of this chaotic and provincial system were frequent financial panics, bank runs, money shortages, and depressions. By the first decade of the twentieth century, it had become plain that the outmoded banking system was ill equipped to finance America’s burgeoning industry. But political will for reform was lacking. It took an economic meltdown, a high-level tour of Europe, and—improbably—a conspiratorial effort by vilified captains of Wall Street to overcome popular resistance. Finally, in 1913, Congress conceived a federalist and quintessentially American solution to the conflict that had divided bankers, farmers, populists, and ordinary Americans, and enacted the landmark Federal Reserve Act. Roger Lowenstein—acclaimed financial journalist and bestselling author of When Genius Failed and The End of Wall Street—tells the drama-laden story of how America created the Federal Reserve, thereby taking its first steps onto the world stage as a global financial power. America’s Bank showcases Lowenstein at his very finest: illuminating complex financial and political issues with striking clarity, infusing the debates of our past with all the gripping immediacy of today, and painting unforgettable portraits of Gilded Age bankers, presidents, and politicians. Lowenstein focuses on the four men at the heart of the struggle to create the Federal Reserve. These were Paul Warburg, a refined, German-born financier, recently relocated to New York, who was horrified by the primitive condition of America’s finances; Rhode Island’s Nelson W. Aldrich, the reigning power broker in the U.S. Senate and an archetypal Gilded Age legislator; Carter Glass, the ambitious, if then little-known, Virginia congressman who chaired the House Banking Committee at a crucial moment of political transition; and President Woodrow Wilson, the academician-turned-progressive-politician who forced Glass to reconcile his deep-seated differences with bankers and accept the principle (anathema to southern Democrats) of federal control. Weaving together a raucous era in American politics with a storied financial crisis and intrigue at the highest levels of Washington and Wall Street, Lowenstein brings the beginnings of one of the country’s most crucial institutions to vivid and unforgettable life. Readers of this gripping historical narrative will wonder whether they’re reading about one hundred years ago or the still-seething conflicts that mark our discussions of banking and politics today.
Figure 2 illustrates the overwhelming attraction of the Sunbelt for the elderly who moved between noncontiguous states during the latter half of the 1960s .
Bultena ( 1969 ) reports that the urban elderly have more interaction with their ... These differences generally held up when demographic differences were ...
UNEVEN - AGED FOREST MANAGEMENT IN EUROPE AND NORTH AMERICA : NEW METHODS FOR OLD ... while leaving others to grow and replace them , is the oldest form of ...
Author: United States. Congress. Senate. Committee on Labor and Public WelfarePublish On: 1960
In 1959 about two out of five aged spending units ( 37 percent ) had liquid assets ... if America's senior citizens are to live decently and independently .
Author: United States. Congress. Senate. Committee on Labor and Public Welfare
... alone and most minority elderly face very different and more difficult situations today than do married , White elderly couples . While America and the ...
Author: Cynthia Murray Taeuber
Publisher:
ISBN: UCR:31210024780452
Category: Geriatrics
Page: 28
View: 921
Presents social and economic data, with projections, mainly for persons aged 65 and older. the study combines data from various government sources, such as the Social Security Administration and the National Center for Health Statistics, etc.
Author: María Magdalena CamouPublish On: 2017-05-15
Participation rates of women aged 20–29 increased from 1960 onwards, while those aged 40–49 from 1970 on. In contrast participation rates for women aged ...
Author: María Magdalena Camou
Publisher: Routledge
ISBN: 9781317130215
Category: Social Science
Page: 264
View: 407
This book presents evidence of the evolution of the gender inequalities in Latin America during the twentieth century, using basic indicators of human development, namely education, health and the labour market. There are very few historical studies that centre on gender as the main analytical category in Latin America, so this book breaks new ground. Using case-studies from Argentina, Chile, Colombia, Mexico and Uruguay, the authors show that there is evidence of a correlation between economic growth and the decrease in gender inequality, but this process is also not linear. Although the activity rate of women was high at the beginning of the twentieth century, female participation in the labour market diminished, until the 1970s, when it began to increase dramatically. Since the 1970s, fertility reduction and education improvements and worsening labour market conditions are associated to the steadily increase of women participation in the labour market. By gauging the extent to which gender gaps in the formation of human capital, access to resources, quality of life and opportunities may have operated as a restriction on women’s capabilities and on economic growth in the region, this book demonstrates that Latin America has lagged behind in terms of gender equality.
age 15 , and almost equal to the increase in Latin America for ages 15 - 29 . ... although the rapid increase in " other causes " of death makes accidents ...
During 1980 - 2007 , the labour force participation rate among older persons decreased in Europe , remained stable in Latin America and the Caribbean and ...
Author:
Publisher: United Nations Publications
ISBN: UCSC:32106019063418
Category: Political Science
Page: 517
View: 548
The Madrid International Plan of Action on Ageing, adopted at the 2nd World Assembly on Ageing in April 2002, focuses on three priority areas: older persons and development; advancing health and well-being into old age; and ensuring enabling and supportive environments. This report provides the demographic foundation for the follow-up activities of the Second World Assembly on Ageing, assessing global trends in population ageing through a series of indicators for development regions, major areas, regions and individual countries, and including demographic profiles for each country covering the period 1950 to 2050
Author: United States. Congress. House. Committee on Education and LaborPublish On: 2009
America also faces a crisis with our current defined benefit pension system . As Rodger Lowenstein points out in his recent book “ While America Aged ...
Author: United States. Congress. House. Committee on Education and Labor
... a public forum for debating provocative social issues expanded during the 1970s. ... home of Archie Bunker (played by Carroll O'Connor), a middle-aged, ...
Author: Jeffrey Shandler
Publisher: Oxford University Press on Demand
ISBN: 9780195139297
Category: History
Page: 316
View: 488
In the first study of its kind, the author traces the process by which television has shaped the American public's consciousness of the Holocaust, helped to turn the Holocaust survivor into a moral symbol, and sparked controversies over its presentations. UP.
... during the second half of the 19th century , high schools were added to the ... children in America aged 6 - 13 were in elementary schools , while about ...
America's elderly people , quadrupling during the first half of the twentieth century while the total population only doubled , totaled twelve and a third ...
This distinction becomes immediately visible when we consider women a “ minority " despite the fact that at the time of the last census , in 1990 , there ...
... to voice their concerns about America's elderly before an audience composed ... each week and said that although there are many programs for the elderly ...
Latin America and the Caribbean ... labour overview ... In young adults ( aged 20 to 24 years ) , the ratio , while similar to the high ratios observed in ...
