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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (7397)	8/19/2001 7:55:06 AM
From: elmatador	Read Replies (1) \| Respond to of 74559

Abracadabra in the making: I am thinking that this below makes good starting raw material for the next abracadara: iie.com GLOBAL AGING:CHALLENGEs AND POLICY RESPONSE By Peter G.Peterson Excerpts: To date,the developed countries have accumulated roughly $70 trillion in unfunded liabilities for pension and health benefits —an unsustainable lien on the future six times greater than their official public debt. These nations cannot conceivably raise the extra 9 to 16 percent of GDP —or,equivalently,25 to 40 percent of payroll —needed to cover the cost of the age wave.