weekly blog--one for the ages
We go long first. The anti-aging market is big business. Bank of America forecasts that the market will balloon to $610 billion from $110 billion by the year 2025. Within a few years, you should be able to walk into your local drugstore and see about 50 products that claim to be anti-aging. Whether the products work or not is another question. The website, Nanalyze, offers information for investors on emerging technologies and recently published a list of the top 10 companies working to increase longevity.
As for the short of it, two brothers at the University of Vermont Medical School are combining palliative care expertise, linguistics and AI to encourage more effective conversations between doctors and people receiving end-of-life care.
In 2014, the US Institute of Medicine made improving doctor–patient communication a priority in its landmark study, Dying in America. An analogous publication in the UK, Ambitions for Palliative and End of Life Care, emphasized the need for patients, family and caregivers to have “the opportunity for honest, sensitive and well-informed conversations about dying, death and bereavement.” It reiterated that doctors need to make those conversations possible.
So why not a blog about it. Of the roughly fifty-six thousand people who live in Greenland, 7.6 percent are over the age of 65. However, there is only limited knowledge about their living conditions.
Essentially, Greenland is a forbidding, rugged land that possesses a stark beauty. Much of the island's interior lies beneath a vast ice cap that in some places is up to 9,800 feet thick. The inhospitable interior of the island relegates the entire population of Greenland to its rugged coastlines. Most settlements are on the west and southwest coast, including the capital city of Nuuk. This city, originally founded in 1721, is the island's oldest Danish settlement and by far the largest community in Greenland with 14,000 residents.
About 80 percent of Greenland's population is of Inuit or mixed Inuit and Danish-Norwegian heritage. The rest are of European ancestry. Life expectancy for the total population is 69.46 years (65.29 years for men, 73.65 years for women). And if you are thinking that Greenland might be a great place to retire, you might consider nearby Iceland instead which ranked 7th in a recent GlobalAgeWatch Index.
Iceland boasts the lowest old-age poverty rate in its region at 1.6 percent. The country also ranks high in the health category, with a life expectancy of 25 additional years at age 60, nearly 18 of them expected to be healthy.
Iceland also ranks above average in satisfaction with social connectedness, safety, public transportation and civic freedom among older adults. Yet, despite a high employment rate for older people at 81.1 percent, only 40.9 percent of the over-60 population has a secondary or higher education -- more than 20 percent below the regional average.
Back in Greenland, as the Arctic ice continues to melt due to global warming, Greenland’s mineral and energy resources – including iron ore, lead, zinc, diamonds, gold, rare earth elements, uranium and oil – are becoming more accessible. The political establishment in Greenland has made natural resource extraction a central part of its plans to become economically self-sufficient, and ultimately politically independent, from the Kingdom of Denmark.
Here is a rundown of retirement-related legislation that Congress will most likely tackle upon their return from summer break, according to CNBC.
The Secure Act includes measures to allow small employers to band together to offer 401(k) plans, give part-time workers access to retirement plans, take away the 70½ age limit for individual retirement account contributions and raise the age for required minimum distributions to 72, from 70½. It also would expand the inclusion of annuities in 401(k) plans and put a 10-year time limit on how long non-spouse beneficiaries can stretch out an inherited IRA.
The Social Security 2100 Act would keep the program solvent into the next century. Only 80 percent of promised benefits will be payable by the year 2035. The Act also includes other changes including increasing payroll taxes, giving those who are or will be receiving benefits a raise that is the equivalent of 2% of the average benefit. It would also set the new minimum benefit at 25% above the poverty line, and increase the amount of non-Social Security income one can earn before benefits begin to be taxed.
The Rehabilitation for Multiemployer Pensions Act would let pensions borrow money to remain solvent so that they can continue to pay retirees. The legislation would create a Pension Rehabilitation Administration within the Treasury Department and a trust fund from which the loans would be distributed. Multiemployer pension plan sponsors would also still be eligible to apply for loans through the Pension Benefit Guaranty Corporation, under certain conditions. It is projected that the PBGC will use up its assets for these plans by the end of 2025.
Some other bills in early stages of consideration:
The Health Savings for Seniors Act is a bipartisan bill that would allow individuals who are on Medicare to continue to contribute to health savings accounts. Currently, they are prohibited from doing so.
The Equal Treatment of Public Servants Act would enable public workers to get larger Social Security benefits. A current rule, the Windfall Elimination Provision, reduces their benefits based on how much pension income they receive.
I just started reading Tony Castro’s new book about Mickey Mantle, possibly the best baseball player of all time if he hadn’t been injured during his rookie season chasing a Willie Mays fly ball in the 1951 World Series. The New York Yankee star played in an era when baseball was America’s pastime. Fast forward to the year 2019 and America seems to have replaced baseball with a new obsession: gun violence. Whether it evolves from bigotry, hate, anger, mental health issues, terrorism, or inner city gang warfare, innocent people are being killed at an alarming rate.
Now it is time for Americans to wake up and take action nationwide. Here are 10 things to consider doing from the Prevention Institute.
1. Reduce easy access to dangerous weapons
2. Establish a culture of gun safety
3. Reduce firearm access to youth and individuals who are at risk of harming themselves or others
4. Hold the gun industry accountable and ensure there is adequate oversight over the marketing and sales of guns and ammunition
5. Engage responsible gun dealers and owners in solutions
6. Insist on mandatory training and licensing for owners
7. Require safe and secure gun storage
8. Recognize gun violence as a critical and preventable public health problem
9. Ensure that the Centers for Disease Control and Prevention (CDC) and others have the resources to study this issue and provide science-based guidance
10. Explore the linkages between anger and gun violence