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What We Read Today 03 February 2014

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number accepted.

  • Is America’s Retirement Crisis Fixable? (Eric McWhinnie, Wall St. Cheat Sheet) Cardinal sin is having a question for a headline and an article that does not answer the question. Unless you accept this statement as an answer: "Ultimately, the responsibility of retirement falls on individuals. "
  • Talking Troubled Turkey (Paul Krugman, The New York Times) Turkey may have problems, but Krugman says the entire world is in trouble.
  • Factors affecting 2014 Medical Cost Trend (PriceWaterhouseCoopers) Health care reform (ACA) and other factors deflating health care costs. For 2014, PwC's Health Research Institute (HRI) projects a medical cost trend of 6.5%. The following video summarizes the report.

http://youtu.be/bNE8TneXHSs

  • Fewer Immigrants Came to U.S. Last Year (Neil Shah, The Wall Street Journal) Fewer immigrants last year? You've got to be kidding. The difference from 2012 was well within the noise level. Immigration is clearly down from 2000, 2001, 2004, 2005 and 2006 levels but the remaining eight years are varying within a narrow band (between 730,000 and 870,000)

immigration-2000-2013

  • Capitalism vs. Democracy (Thomas B. Edsall, The New York Times) Excellent review of Thomas Piketty's new book "Capital in the Twenty-First Century". This contains a complete discussion of the conflict between Capitalism and Democracy. See also GEI Opinion articles by Frank Li.

tlt-rally-kimble-2014-feb-01

  • Hybrid DB/DC plan getting play (Paula Aven Gladych, Benefits Pro) Retirement plans that are half defined benefit and half defined contribution split the risk between employer and employee.

DOD-deflator-distorts-pastexpense-spinney-2014-jan-31


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