Wednesday, October 1, 2014

What's it like to grow old in YOUR country? Global index ranks the world based on quality of life for the over-60s

What's it like to grow old in YOUR country? Global index ranks the world based on quality of life for the over-60s

·        The 2014 Global AgeWatch Index ranks 96 nations on the quality of life for the over 60s
·        The index studies income, employment opportunities, access to public transport and life expectancy
·        Norway and Sweden are currently the best countries to grow old in, and Afghanistan and Mozambique are the worst
·        The United States is in 8th place, the UK is in 11th and Australia is in 13th
·        Report predicts that by 2050, 21% of the global population will be over 60 - almost double the current 12% figure
·        Data was only available for 96 countries, resulting in many not being included, such as Madagascar and Cuba

Across the world, life expectancy is steadily increasing and, on average a woman aged 60 today can expect to live until she is 82. For men, this is 79.
But the quality of life for this ageing population varies drastically from country to country.
Research has discovered that the best country to currently grow old in is Norway, followed by Sweden and Switzerland, while Afghanistan and Mozambique are the worst. 
The US is in 8th place, the UK is in 11th and Australia is in 13th.
Scroll down for video 
The 2014 Global AgeWatch Index ranks 96 nations on the quality of life for the over 60s. Norway, Sweden and Canada are currently the best countries to grow old in. At the opposite end of the scale is Afghanistan, Mozambique and West Bank and Gaza. The US is in 8th place, the UK is in 11th and Australia is in 13th
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The 2014 Global AgeWatch Index ranks 96 nations on the quality of life for the over 60s. Norway, Sweden and Canada are currently the best countries to grow old in. At the opposite end of the scale is Afghanistan, Mozambique and West Bank and Gaza. The US is in 8th place, the UK is in 11th and Australia is in 13th
BEST AND WORST COUNTRIES
TOP 10 COUNTRIES
BOTTOM 10 COUNTRIES
Norway
Afghanistan
Sweden
Mozambique
Switzerland
West Bank and Gaza
Canada
Malawi
Germany
Tanzania
Netherlands
Pakistan
Iceland
Jordan
US
Uganda
Japan
Zambia
New Zealand
Iraq
That’s according to findings from the 2014 Global AgeWatch Index.
It ranks 96 nations on the basis of the quality of life and social and economic status of older people, aged 60 and over.
The index studies four areas, in particular.
Income covers the state of pensions, relative welfare of older people, GDP in each country, and poverty rate in old age.
Health status includes life expectancy at 60 and psychological status.
Capability covers the employment level and educational status of older people, and ‘Enabling environment’ includes physical safety, social connections and access to public transport.
From this index, governments can use the findings to identify policies to improve the lives of their older people.
Based on the research, Norway is the best place for older people, alongside Sweden, Switzerland and Canada.
The UK ranked 11th overall, and 3rd for the enabling environment, but scored poorly for health, at 27th. 
Globally, by 2050, the report claims the number of over 60s will be 21 per cent of the global population. This is almost double the current figure of 12 per cent. 
Apart from Japan, the top ten countries are in Western Europe, North America and Australasia. Israel and Estonia join the top 20.


The older populations of the three lowest-ranked countries, the West Bank and Gaza, (94) Mozambique (95) and Afghanistan (96), still account for less than five per cent of the total population.
The proportion of over-80s is growing fastest, too – projected to rise from two per cent now to four per cent of the global population by 2050.
And more than a third of countries are falling significantly behind those at the top of the Global AgeWatch Index.
Globally, by 2050, the report claims the number of over 60s will be 21 per cent of the global population.This is almost double the current figure of 12 per cent. The proportion of over-80s is growing fastest, too – projected to rise from two per cent now to four per cent of the global population by 2050
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Globally, by 2050, the report claims the number of over 60s will be 21 per cent of the global population.This is almost double the current figure of 12 per cent. The proportion of over-80s is growing fastest, too – projected to rise from two per cent now to four per cent of the global population by 2050
The index studies four areas. Income covers the state of pensions, relative welfare of older people, GDP in each country, and poverty rate in old age. Health status includes life expectancy at 60 and psychological wellbeing. Capability covers the employment level and educational status of older people, and ‘Enabling environment’ includes physical safety, social connections and access to public transport. This graph reveals the top 50 countries
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The index studies four areas. Income covers the state of pensions, relative welfare of older people, GDP in each country, and poverty rate in old age. Health status includes life expectancy at 60 and psychological wellbeing. Capability covers the employment level and educational status of older people, and ‘Enabling environment’ includes physical safety, social connections and access to public transport. This graph reveals the top 50 countries
Professor Asghar Zaidi, from the Centre for Research on Ageing at the University of Southampton, led the development of the index, working alongside HelpAge International.
‘The Index points to a mismatch between advances in longevity and a lag in the evolution of policies that empower older people,’ said Professor Zaidi. 
‘Societies have been slow to embrace the positive aspects of longevity and to see older people as a resource that, in the right circumstances, can repay investment with extended working careers as well as more self-reliant, healthy and independent living.’
The report also highlights the disparity between those nations at the top of the index, and those in the lower third. 
For example, on income security, 26 countries scored less than half the top values set by Norway and France (89.1 and 88.0 respectively).
Toby Porter, Chief Executive of HelpAge International, added: ‘The unprecedented rate and speed of population ageing presents policy-makers with a challenge. 
'Only if they act now will they have a chance to meet the needs of their citizens and keep their economies going.’
‘An essential distinction is required between policies suitable for the current generations of older people and those required for future generations,’ continued Professor Zaidi.
‘Today’s older people need protection and empowerment. For future generations the focus must be on providing opportunities for employment during their working lives and better mechanisms to build resilience for old age.’
Sufficient data was only available for 96 countries, resulting in many not being included, including Kazakhstan, Madagascar and Cuba.

THE GLOBAL AGEWATCH INDEX 

The 2014 Global AgeWatch Index ranks 96 nations on the basis of the quality of life and social and economic status of older people, aged 60 and over
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The 2014 Global AgeWatch Index ranks 96 nations on the basis of the quality of life and social and economic status of older people, aged 60 and over
The 2014 Global AgeWatch Index ranks 96 nations on the basis of the quality of life and social and economic status of older people, aged 60 and over.
The index studies four areas, in particular.
Income covers the state of pensions, relative welfare of older people, GDP in each country, and poverty rate in old age.
Health status includes life expectancy at 60 and psychological status.
Capability covers the employment level and educational status of older people, and ‘Enabling environment’ includes physical safety, social connections and access to public transport.
From this index, governments can use it to identify policies to improve the lives of older people. 

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China To Join IMF's Reserve Currency Unit

China To Join IMF's Reserve Currency Unit

10/1/2014
China On Way To Joining IMF’s Reserve Currency Unit


Renminbi could enter ‘magic circle’ through SDR broadening     By David Marsh

The stage is set for the Chinese renminbi potentially to develop further as a world currency by entering the 45-year-old Special Drawing Right, the International Monetary Fund’s composite currency unit used in official financial transactions and reserves.

No decision has been made. But measures already taken by the Chinese authorities to internationalise the renminbi, and a big increase in financial market interest in the currency, increasingly point towards a broadening of the SDR’s composition from January 2016.

This is in spite of the renminbi’s formal inconvertibility, reflecting Beijing’s restrictions on capital account transactions that are highly unlikely to be completely scrapped in the foreseeable future
~~~
An additional factor building momentum towards revitalising the SDR is China’s own action to galvanise major emerging market economies towards the reform of world monetary arrangements.

This includes the five nation Brics group’s decision to set up the New Development Bank in Shanghai, partly as a challenge to the Bretton Woods institutions, the IMF and the World Bank.

Inclusion of the renminbi in the SDR basket, although ostensibly a technical step, would confer upon the Chinese unit the de facto standing of a reserve currency, a highly important symbolic development and the first time that an emerging market currency would attain this status.

Chinese entry into the ‘magic circle’ of reserve currencies in the SDR, along with the other components (the dollar, euro, yen and sterling), has already been advanced by a ground-breaking decision announced this month by the UK Treasury.

The British government will issue renminbi-denominated bonds, the first sovereign government to take such a step (apart from the Canadian province of British Columbia), and allow the proceeds to be held in the UK reserves managed by the Bank of England, breaking two long-held taboos for the UK authorities.

The IMF will undertake a technical criteria-based review of the options for widening the SDR in a review next year, with most of the work to be conducted from mid-year onwards and any changes taking effect in January 2016. The main conditions are that a currency in the SDR should be widely used in trade invoicing and should be ‘freely usable’ in international payments and asset management.

Other possible indicators include use of currencies in international debt securities and bank liabilities, and foreign exchange spot market turnover. In all these areas the renminbi, although affected by residual capital account restrictions, has made impressive strides in the last two years.

Next year’s planned review, five years after the last IMF analysis of the SDR’s composition, may touch too on the opportunity for the currency basket to play a greater role in financial markets, for example in denominating bond issues or certificates of deposit.

In view of worldwide interest in the renminbi, repositioning and redynamising the SDR by including a leading emerging market currency could encourage greater interest in SDR-denominated instruments by banks, corporations, asset managers and other institutions around the world. SDR bond issues, which made an entrance in the early 1980s, have never achieved much support on financial markets.

The IMF created the SDR in 1969 as an additional reserve asset (in addition to the main official assets, the dollar and gold, which were then regarded as in short supply) to support the post-war fixed exchange rate system that collapsed only a few years later, in 1971-73.

The SDR’s value was initially defined as equivalent to 0.888671 grams of fine gold – which, at the time, was $1. After the collapse of the Bretton Woods system the SDR was redefined as a basket of currencies. Today it consists of the four main reserve currencies.

The SDR’s aim was to create a potential claim on the freely usable currencies of IMF members through voluntary exchanges between members. Countries with strong external accounts were empowered to purchase SDRs from members with weak external positions.

However, from the early 1970s onwards, flows of private capital rose progressively, and the SDR’s importance gradually declined.

As a result of developments over the next 12 months, it may be able to make a comeback.

China on way to joining IMF’s reserve currency unit - The OMFIF Commentary 29 Sep 2014

A dancing polar bear, California's Big Sur and a curious green turtle: Amazing images that capture the world's natural beauty

A dancing polar bear, California's Big Sur and a curious green turtle: Amazing images that capture the world's natural beauty

·        National Geographic have released a selection of entries from this year's competition, which opened on September 1
·        Last year National Geographic received over 7,000 entries from over 150 countries
·        The Grand Prize Winner will receive $10,000 and a trip to the National Geographic headquarters in Washington DC


National Geographic have launched their 2014 annual Photo Contest, releasing a selection of entries from this year’s competition.
Some of the spectacular entries so far include images of animals, insects, people and places, and clearly live up to the organisation’s already notable reputation for ‘setting the standard for photographic excellence’.
Last year, National Geographic received over 7,000 entries from over 150 countries, with professional photographers and amateur photo enthusiasts across the globe participating in the competition.


The prestigious competition is accepting entries in three categories: people, places and nature. 
Photos submitted so far include snaps of playful polar bears in Svalbard, Norway, a flock of galahs in the Asutralian desert, a silhouette of a Mediterranean Mantis and a close-up of a manatee.
Lupine fields in California, the beauty of a glacial lagoon at sunset in Iceland and the painted faces of Mexican women celebrating The Day of the Dead complete the selection.
The Grand Prize Winner will receive $10,000 (£6,170) and a trip to National Geographic headquarters in Washington DC, to participate in the annual National Geographic Photography Seminar in January 2015.
The First Place winner in each category will each receive $2,500 (£1,540) and his or her winning photograph will be published in the National Geographic magazine.
The closing date to submit photos is 31 October.
Arctic Hi five: Colin Mackenzie snapped two polar bear cubs on an iceflow in Svalbard, Norway and said this cub in particular was entertaining to watch
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Arctic Hi five: Colin Mackenzie snapped two polar bear cubs on an iceflow in Svalbard, Norway and said this cub in particular was entertaining to watch

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This stunning image of a Mediterranean Mantis was captured by Hasan Ba Iar in Nicosia, Cyprus. He explained: 'When the Mediterranean Mantis opened its wings, It seemed very impressive at the sunshine'
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This stunning image of a Mediterranean Mantis was captured by Hasan Ba Iar in Nicosia, Cyprus. He explained: 'When the Mediterranean Mantis opened its wings, It seemed very impressive at the sunshine'
A tree dreaming: Christian Spencer captured this amazing action shot in the Strezlecki desert of Australia as a flock of galahs make the most of the only water available at the base of a tree
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A tree dreaming: Christian Spencer captured this amazing action shot in the Strezlecki desert of Australia as a flock of galahs make the most of the only water available at the base of a tree
Photographer Misty Gage said of her manatee picture: 'Capturing this gentle giant's inquisitive nature was rather easy as he swam right up to us and just stared for several long seconds. I love all the bubbles and his cute little face.' The image was taken in at the Point Defiance Zoo, Tacoma,Washington, USA
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Photographer Misty Gage said of her manatee picture: 'Capturing this gentle giant's inquisitive nature was rather easy as he swam right up to us and just stared for several long seconds. I love all the bubbles and his cute little face.' The image was taken in at the Point Defiance Zoo, Tacoma,Washington, USA
Frozen beauty: Francesco Riccardo Iacomino submitted his photo Dreamscape, showing the pinks of a perfect summer sky in Iceland reflected in the stillness of the Jokulsarlon Glacer Lagoon. He said: 'It was a typical cloudy day in the Icelandic summer. The day was not hoping for a nice sunset, but I still decided to go on the spot, hoping to finally see the sun once the same had left behind the clouds. When the sun went down, in fact the sky burned out in an incredible vanilla tone. The scene was so peaceful and placid, so I decided to capture it with a long exposure, to bring out the amazing sense of peace that this amazing sunset created. It has been like living in a dream.'
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Frozen beauty: Francesco Riccardo Iacomino submitted his photo Dreamscape, showing the pinks of a perfect summer sky in Iceland reflected in the stillness of the Jokulsarlon Glacer Lagoon. He said: 'It was a typical cloudy day in the Icelandic summer. The day was not hoping for a nice sunset, but I still decided to go on the spot, hoping to finally see the sun once the same had left behind the clouds. When the sun went down, in fact the sky burned out in an incredible vanilla tone. The scene was so peaceful and placid, so I decided to capture it with a long exposure, to bring out the amazing sense of peace that this amazing sunset created. It has been like living in a dream.'
Montse Grillo entitled her photo 'From the sky', which features a close-up of a green turtle off the coast of Tenerife in the Canary Islands. She said: 'I find myself devoting much time to these curious creatures. . This turtle was coming from the surface with the sun behind it, and the sunrays surrounding it gave it a special majesty'
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Montse Grillo entitled her photo 'From the sky', which features a close-up of a green turtle off the coast of Tenerife in the Canary Islands. She said: 'I find myself devoting much time to these curious creatures. . This turtle was coming from the surface with the sun behind it, and the sunrays surrounding it gave it a special majesty'
Seeing blue: Douglas Croft captured the beauty of Big Sur in California, after travelling there to watch the gray whale migration from the cliffs. He said: 'It was too foggy to even see the water. I decided to hike up the Baronda Trail to see if I could get above the fog. This view was my reward. Miles of lupine and blue skies. Outstanding!'
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Seeing blue: Douglas Croft captured the beauty of Big Sur in California, after travelling there to watch the gray whale migration from the cliffs. He said: 'It was too foggy to even see the water. I decided to hike up the Baronda Trail to see if I could get above the fog. This view was my reward. Miles of lupine and blue skies. Outstanding!'
Painted Ladies: Daniel Kudish captured these young women in Oaxaca, Mexico, dressed up with their faces painted to celebrate the Day of the Dead (Dia de los Muertos). He said the event was 'an incredible celebration of life, and a beautiful way to remember those who have passed.'
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Painted Ladies: Daniel Kudish captured these young women in Oaxaca, Mexico, dressed up with their faces painted to celebrate the Day of the Dead (Dia de los Muertos). He said the event was 'an incredible celebration of life, and a beautiful way to remember those who have passed.'
Photographer Thomas Dorleans took this image of the Taj Mahal in Agra, India. He recalled it was shot 'in the early morning, the fog of early march spreads the light. It is like we were on drugs'
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Photographer Thomas Dorleans took this image of the Taj Mahal in Agra, India. He recalled it was shot 'in the early morning, the fog of early march spreads the light. It is like we were on drugs'
Photographer Aaron Feinberg said of this picture: 'Ah the Agave plant. Filled with amazing patterns and textures. This particular subject was a great find while visiting San Francisco. Using some fun techniques, I was able to get the light just right and the dimensionality of the plant just popped! It is definitely fun to take a moment and get intimate with nature'
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Photographer Aaron Feinberg said of this picture: 'Ah the Agave plant. Filled with amazing patterns and textures. This particular subject was a great find while visiting San Francisco. Using some fun techniques, I was able to get the light just right and the dimensionality of the plant just popped! It is definitely fun to take a moment and get intimate with nature'


Article: "China Will Use Gold and Gold Pricing to force Global Currency Reset"

Article: "China Will Use Gold and Gold Pricing to force Global Currency Reset"

10/1/2014

Posted by BestBuy at TNT:

China will use gold and gold pricing to force global currency reset

On Sept. 30, statistician and economist Dr. Jim Willie was a guest on the Caravan to Midnight radio show to talk about current financial, economic, and geo-political events.

During his three hour interview, Dr. Willie stated that one of the purposes behind China's creation of the new Shanghai gold exchange is to eventually take over global price controls for the monetary metal away from the Comex, and then force a global currency reset by raising the price of gold to its true or actual value.

The way this will come about in the near future according to Dr. Willie, is that China will demand physical delivery on their massive number of gold contracts they currently hold in the U.S. futures market (Comex).
And based upon supply details for the Comex over the past two years, America's primary gold exchange no longer settles their contracts through the delivery of physical gold, but instead settles in cash payments or through the hedging of gold using derivatives.

Subsequently, once this failure to deliver takes place, then China, through the Shanghai gold exchange, will become the default market for price discovery, and at that point will re-adjust gold to its true value,
!nstantly causing massive chaos in the fiat currency markets and leaving the world little alternative but to implement a complete currency reset.


Dr. Jim Willie: When we get this next global currency reset, it's going to be a complete reset. It apparently will happen predominantly in the gold world.

They are going to change the price of gold, and jam it down the U.S.'s throat.

Take a look at the Comex. Since the middle of 2012 or so, they've been forcing gold contracts to settle not in metal, but in cash. And if you don't like it, they'll ban you from the Comex.

There's been very little if any settlement of gold futures contracts for two years in gold metal.

They're not a gold market anymore, they're a derivative market for gold instruments.

So, in late September... about a week ago, Shanghai started offering a gold and futures contract, and they're settling in metal. And this is rabidly threatening the United States and London. And interestingly, you will notice shortly after this new exchange opened there are now uprisings in Hong Kong.

But this is the final phase... the end game of the next reset. They are going to do this in Shanghai and with their global gold contracts, with the real big event that's going to create mass disruptions in the currency markets.

And those disruptions will be from the Asians declaring what the gold price is, and with the Asians delivering and supplying physical metals at that gold price. -


Caravan to Midnight, Sept. 30


Several economic analysts, including John Williams, Peter Schiff, Dr. Paul Craig Roberts, and Gerald Celente all gave predictions earlier this year that a global currency reset event was going to take place in 2014, with most believing it would come before the end of summer.

However, with the U.S. not on board with the rest of the world, and instead seeking military conflicts to delay the end of the petro-dollar system, both Russia and China have had to accelerate their efforts to create infrastructures that will allow a more fluid transition for global trade once a currency reset actually takes place.

Over the past several weeks, the dollar has grown in strength at the same time the rest of the world's currencies have been collapsing.

And because of this, global accumulation of physical gold at depressed levels is running at or near historic highs in an attempt to hedge sovereign currencies that have run out of muster from years of low interest rates and slow money velocities.

 And as several global financial indicators begin to reach a nexus, and threaten once again to bring the world into another economic crisis, China is recognizing that physical gold is the ultimate catalyst to force an end to the domination of purely fiat finance, and that by revaluing gold to its rightful price will have the effect of both protecting their own currency, and wresting financial control away from the West and the system of dollar hegemony.

http://www.examiner.com/article/china-will-use-gold-and-gold-pricing-to-force-global-currency-reset
http://www.dinarrecaps.com/our-blog/article-china-will-use-gold-and-gold-pricing-to-force-global-currency-reset