Australian Treasurer Joe Hockey wants to raise the nation’s retirement age to 70, the highest in the world, to prevent an aging population from draining state coffers. Miner Noel Chatterton laughs at the idea.
The Senate Finance Committee this week will begin consideration of a $9 billion infusion to keep the U.S. Highway Trust Fund running through the end of the year.
Detroit’s 60-year deterioration has taken a toll not just on business owners, investors and taxpayers. It’s meant misery for its most vulnerable: children and the women who bear them.
Bae Woo Kyu, a 59-year-old former bank clerk in South Korea, is stocking up on long-dated bonds to prepare for retirement in a nation in the running to have the world’s oldest population.