The Invention Of Retirement

In 1890, Haber writes, only a quarter of aged workers called themselves “permanently nonemployed.” Those who were often faced harsh conditions. Many in industrialized cities had no family resources to depend on, and, at best, might hope for help from a charitable group or old age home. To protect older workers from this fate, employers…

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The Hidden Danger of Being Risk-Averse

People are generally not all that happy about risk. As Nobel Prize-winning psychologist Daniel Kahneman has written, “For most people, the fear of losing $100 is more intense than the hope of gaining $150. [Amos Tversky and I] concluded from many such observations that ‘losses loom larger than gains’ and that people are loss averse.”…

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Well….Im Confused

So I was sitting in the car listening to the radio and all the chatter was about the current crisis in the diary industry which people seem to be suggesting is the result of corporate bastardry on behalf of groups like Fonterra. At the outset I have to state that I know nothing about primary…

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