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                  Spanish Global 
 
 
 American International
              Group's CEO, Robert Benmosche, believes that Europe's debt
              crisis shows governments worldwide that they must require
              citizens to work longer as life expectancies increase.
              Such action will remove some of the costs from younger
              workers. 
            World: Pension Plans Launch $20 Billion Infrastructure Fund (April 26, 2012) The Ontario Municipal Employees Retirement
              System (OMERS), Japan’s Pension Fund Association, and a
              consortium led by Mitsubishi have come together to form
              the Global Strategic Investment Alliance (GSIA). GSIA will
              invest in infrastructure in Europe and North America.
              Infrastructure investment offers lower returns but it is
              stable and underpinned by physical assets, making it
              attractive for pension funds looking to match long-term
              liabilities with long-term assets.  
            World : Elderly: IMF Concerned About Financial Risk Associated With Aging (April 17, 2012) (Article in French) The International Monetary
              Fund says that longer life expectancy presents a financial
              risk for the public accounts of developed countries. This
              fact is not new, but the IMF acknowledges having
              underestimated the problem and calls on governments to
              take this demographic dimension into account and to
              establish mechanisms to cope with it. According to them,
              the average life span will increase by three years by 2050
              and overall aging costs will increase by 50 percent. 
            World: Will Low Retirement Ages Last Forever? (February 23, 2012) Medicare covers the Dean
              Ornish Program for Reversing Heart Disease, which instills
              a plant-based, meatless diet, meditation, regular exercise
              and group support. Patients can receive up to 72 one-hour
              sessions on lifestyle changes. Additionally, hospitals can
              now bill Medicare for their patient’s yoga sessions.
              Preventative medicine costs are much less than operations
              and medications.  
            
              
 
 
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