Defusing a demographic time bomb without moving to funded pensions
Article Abstract:
Ageing populations in most industrialized countries are set to place a heavy burden on government finances as healthcare and pension expenditure rises and the tax base shrinks. Some observers believe that one solution could be a shift towards funded pensions, either state or private. This would address problems in the future, but does not take into account the fact that people who are working now must save for their own future pensions as well as still paying for current pensioners through their taxes. Even if there is not a shift towards funded pension schemes, the fund management business will continue to grow.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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The shopping forecast
Article Abstract:
United Kingdom retailing is affected by changes in consumption as consumers become more demanding, and online shopping starts to take off. Shoppers seek more of urban centers, and want luxuries and tables to sit at, to make shopping a pleasant experience. Standards of service are often low in shops, which makes home shopping more attractive. Major retailers such as Sainsbur will have to compete on price and by offering a high-quality service, as well as by stocking a wide range of goods.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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Is capitalism heading for breakdown?
Article Abstract:
Destabilizing speculation could bring about a total breakdown of the capitalist system, according to an analysis of world financial markets by George Soros in his book 'The Crisis of Global Capitalism.' He seems to believe that some form of international lender of last resort is required to help to deal with the crisis in the financial markets he played a part in destabilizing. Some Group of Seven officials share this view, but this would be a very controversial move.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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