for Asset Allocation- Increase Returns, Reduce Risk
SEQUENCE OF RETURNS PLANNING
you sold your Equities yet???
Rebuttal to NY
Times Retirement article. Terrible Advice & High
Scientists restore some brain cell
functions in pigs four hours after death
not try to put pig brain cells in humans that are alive but
dumber than a fence post. Oh, wait, there are probably not
4/18:This new policy could save
members tens of millions of dollars on their student
are entitled to a 0%
interest rates while they’re in combat zones and other
If it tumbles, look for others to do the same
central bank has bolstered its foreign currency
reserves with billions of dollars of short-term
borrowed money, raising fears among analysts and
investors that the country is overstating
its ability to defend itself in a fresh lira
reserves held by the central bank stood at
$28.1bn in early-April — a sum that investors
already believe is inadequate because of
Turkey’s heavy need for dollars for debt and
foreign trade. But calculations by the Financial
Times suggest that this total has been
enhanced by an unusual surge in the use of
short-term borrowing, or swaps, since March
25. Stripping those swaps out, the total is
less than $16bn.
4/18:Wildfire took your
home? Don't count on insurance
new study concludes
the prevalence of under-insurance among American
homeowners might be close to
Federal Reserve’s annual economic well-being of U.S.
households found half of Americans don’t have enough to
cover a $400
4/18:IMF: Nonbanks' US
leveraged loans could put stress on financial system
than 90% of US leveraged loans to highly indebted
borrowers are made by nonbanks such as private equity
firms, mutual funds and
hedge funds, according to an International Monetary
Fund report. Growing
participation of nonbanks in the leveraged-loan market
means a wave of investor
redemptions could cause stress to the financial system.
4/18:China reports 6.4% GDP
growth for Q1
Chinese economy expanded 6.4% in the first
quarter compared with Q1 of 2018. Factory activity, business
consumer spending increased in March compared with February,
according to the
National Bureau of Statistics
Higher than expected
4/18: EFM- Yemen
is the worst humanitarian debacle in the world. Thousands upon
thousands killed and more now due to starvation. The Saudis
would like to 'cleanse' Yemen. I thought the politicians were
absolutely doing with the right thing- brought about by
Khashoggis's death- but with Trump vetoing the bill by stating
"....an unnecessary, dangerous attempt to weaken my
constitutional authorities, endangering the lives of
American citizens and brave service members, both today and
in the future" the U.S. is again supporting the aggression
resolution to end U.S. participation in
Yemen’s civil war
It’s the second veto of President Trump’s administration. The
resolution, which passed the House earlier this
month and the Senate last month, would have
ended U.S. support for the Saudi-led military
campaign in Yemen.
“This resolution is an unnecessary, dangerous attempt to weaken
my constitutional authorities, endangering the
lives of American citizens and brave service
members, both today and in the future,” Trump
said in a statement.
your assets in life and death
a culture fixated on youth and beauty, death is often a taboo
people in this country are so reluctant to breach the subject
that they delay making an estate plan until it’s too late,
leaving a confusing mess for their relatives to sort out.
what if we told you that estate planning can help you while
you’re still alive?
what would happen to your assets, such as your home or
business, if you were incapacitated by an illness such as a
stroke, or an injury, such as a car accident. You might make a
complete and total recovery, but would your assets survive?
could if you’ve planned ahead. When people think about estate
planning, they often think about writing a will. A will is a
great first step in any estate plan, but it has its
limitations. One of those limitations is that a will only
takes effect after the testator’s death. It makes no provision
a living trust can work as a will substitute, but includes
additional benefits not available in will. A living trust is a
powerful and flexible estate planning tool that can be funded
and administered during your lifetime and can benefit your
loved ones after your death.
qualified estate planning attorney can help you create a trust
that fits your particular needs. A living trust has three key
personnel. The Grantor creates the trust to hold property. The
Trustee, who could be the same person as the Grantor, holds or
manages the property in the trust and the Beneficiary
eventually receives the property.
living trust is also known as a revocable trust because the
Grantor can change the provisions or revoke the trust at any
point up to his death. For a living trust to work properly,
you must fund the trust. That means adding assets by changing
titles on real estate, stocks, CDs, bank accounts,
investments, insurance and other assets with titles. You can
also include assets that do not have titles such as jewelry,
clothes, art and furniture.
Grantor retains control over any assets that are added to the
trust. The Grantor may add assets, such as property or
investments, to the trust or sell assets from the trust. After
the death of the Grantor, the trust becomes irrevocable, or
in a trust may be maintained by more than one Trustee, such as
a husband and wife. If one spouse becomes incapacitated, the
other spouse retains access to the trust’s assets and can use
them as necessary for the care of the other spouse.
Alternately, if the trust has just one Trustee, a Successor
Trustee, such as an adult child or sibling, may take over
management of the trust due to the Trustee’s incapacitation.
a trust, a court appointee, not your family, would control how
your assets are used to care for you, even if you have a will
because a will only takes effect when you die. The courts
would continue as your agent until your recovery or death.
Without a trust, your spouse or business partner may be
delayed or blocked from certain business transactions, such as
the sale of property, because the court would be the new
“co-owner” of your assets.
has many twists and turns and it’s difficult to know what’s
around the bend. But with the help of a trusted estate
planning attorney, you can be prepared for both life and
4/17: More Brexit
Pelosi warns there will be no
U.S.-U.K. trade deal if Brexit harms the Irish peace
House speaker’s remarks
in London and Dublin echo European Union pressure to keep
the Irish border
4/17: To discourage migrants from seeking asylum, Attorney
General William Barr issued an order that could keep
thousands of them in jail
EFM- This will
never stand up legally and while I recognize the current
difficulty at the border with a huge number of migrants, the
U.S. should have come up with something much better than jail
them until we got around to them in x months. This is wrong
is easy for most people to notice when a loved one is
slipping, such as in their declining care in appearance,
personal hygiene, home organization, etc. For the
long-distance caregiver, these little hints suggesting a
need for assistance are harder to detect.
times a visit can be emotionally charged and consist only
of spending the limited, quality time together. It is
essential, however, for a long-distance caregiver to be
practical and take care of the caregiving “business” while
visiting, to establish support for after they’re gone. In
this article, learn how to make the most of visits, see
the warning signs, and rely on “substitute” eyes and ears
while away from an aging loved one.
visiting a loved one, caregivers should arrive prepared to
take care of bills, and other standard tasks. In addition,
they must take time to meet with their loved one’s health
providers, such as physicians, specialists, etc. Lawyers,
financial professionals are also good resources for family
members. They may have noticed irrational
requests/behaviors from their client which can be relayed
to the caregiver.
should not forget to have talks with local friends and
family who see their loved one on a regular basis. All
such conversations are critical to establishing any
changes in a person’s behavior. These people are on the
front line and the best resources for a long-distance
relying on others is important, seeing changes firsthand
will confirm and validate for a caregiver if a loved one
is in need of more assistance. The old saying is “absence
makes the heart grow fonder” and while that is usually
true, for long-distance caregivers, absence can also make
the eyes and ears grow keener. Subtle changes are usually
more pronounced when a person is not with the other on a
TO WATCH FOR DURING A VISIT
there food in the refrigerator? Is it spoiled? Is the
person eating regular meals?
is the condition of the inside and outside of the home?
Has it changed?
the bills paid? Are there piles of unopened mail?
friends and relatives visit regularly?
is the person’s appearance like? Is the person bathing
the person still able to drive safely?
SIGNS AND SYMPTOMS
loss is one of the most prominent signs of distress, both
emotional and physical, in an elderly loved one. This can
stem from a serious illness such as heart failure,
dementia or depression. On the other hand, it could signal
a lack of energy to cook, even difficulty reading
directions or washing dishes after a meal. Medications
change the way food tastes, so the person just may be
challenged to find something that tastes good to them, and
is familiar enough to make without extra effort.
should also monitor a loved one's balance. How they
walk, bend, and simply move around can say a lot. Maybe
they are experiencing pain, limping or wincing with
movement. If unsteady on their feet, this behavior can be
a real risk for falls, which leads to more severe
complications. Elderly people have a progressive loss of
bone mass, making falls serious risks. Stairs become
dangerous, as do yards, icy walkways, tile or laminate
floors and even wet bathrooms.
technology has improved the ability for people to
communicate, face-to-face interaction is still necessary,
especially for a long-distance caregiver. Body language,
emotional well-being, and other physical traits cannot be
discerned through a phone or computer connection.
same can be said for maintenance, whether of a home or
personal appearance. Long-distance caregivers must be
attuned to any changes, small or large, with their loved
one. If a person was always a “neat freak” and is suddenly
letting magazines pile up, cleaning go undone, it may be a
call for help. Check hampers, dishwashers, garbage bins,
dates on prescription bottles, and even checkbook ledgers,
to ensure basic cares are being performed. If there is
concern, it may be time to enlist assistance.
FOR OTHER DANGER SIGNALS
or injury marks: suggests problems involving general
weakness, forgetfulness, or a possible misuse of
car accidents: shows slowed reflexes, poor vision,
physical weakness, or general inability to handle a
forgetfulness: including not paying bills, missing
appointments, or consistently forgetting name, address,
phone number, and meal times.
suspiciousness: indicates some thought disorder. An
example of this is a loved one thinking that their
neighbors, friends, family, doctor, and lawyer are all
conspiring against them.
series of small fires: may be from dozing off,
forgetting to turn off the stove or appliances, or
carelessness with matches. This trend indicates
blackouts or dizzy spells.
behavior: includes things such as dressing in heavy
gloves and overcoat in 90-degree weather or going
outside without shoes when it’s snowing.
examples include not knowing who one is, where one is,
who the family is, or talking to people who are not
are many warning signs a caregiver should be looking for.
Some are more noticeable than others, and aging loved ones
also are very good at “hiding” changes, in order to
protect and avoid burdening their family members.
Caregivers need to provide quality care, but be good
detectives as well.
an assessment of a loved one’s needs can help a caregiver
determine the support required. This list offers a place
to start, and items can be added which pertain to each
A LOVED ONE NEED:
with chores, laundry, yard work, and household
with grocery shopping?
delivered to the home or fixed and served there, with
getting dressed or bathing?
to important places, such as religious or social
gatherings, the pharmacy, or doctors’ appointments?
with medical appointments, and/or consultation with
doctors and other health professionals?
paying the bills, banking, budgeting, or other money
matters such as looking into financial assistance to
make ends meet?
attorney experienced in elderlaw issues?
of medications and ensuring they are taken on time?
the level of care is determined, it’s time to discuss
findings with other family, if applicable, and also the
aging loved one.
any permanent changes are made, it is imperative a
caregiver sit down with their loved one and discuss the
circumstances. Emotions may be running high and play a
factor in how the suggestion to seek help is perceived.
U.S. Department of State offers these tips for having this
conversation with a loved one in a foreign service family,
but the advice spreads across the board, to all
important for caregivers to share their own feelings,
reassuring the family member they will be shown
unconditional support and love. They must also help their
loved one retain as much independence as possible. It is
important the family member is encouraged to make his or
her own decisions. At the end of the day, it is still
their life and in the parameters of safety, caregivers
need to respect and honor their loved one’s wishes.
positive attitude will keep spirits high and show a loved
one that changes are in their best interest, to help them
continue leading a full and happy life. A caregiver should
ask a loved one what is most important to them, and ask
for ways they may have thought of to seek assistance.
each step of the way encourage the smallest change
first, and not take drastic measures unless necessary.
This allows the loved one to adjust easier and prepare for
additional assistance in the future.
long-distance caregiver must be educated on the legal,
financial and medical matters of their loved one. This
conversation is a good time to be granted permission and
soon after, secure access from advisors and medical
a caregiver must respect their own needs. Honesty will go
a long way to an open and caring relationship. Everyone
has time and energy limits.
is difficult, even for those who are younger. Change for
seniors is an altogether different mountain to climb. Many
people have been in the same home for decades, raising a
family, watching them move and then settling into the
a long-distance caregiver, finding local resources is a
key factor to a successful transition for a loved one and
themselves. Today, aging in place is a desired path for
many elderly people and their caregivers. This simply
means that resources are brought to the person, at their
home, for as long as it is safe to remain there.
care managers and many other professionals are finding a
business niche in this segment of the population. They are
available to gather resources, determine which are best
suited for the client and implement them.
home service sector has boomed to facilitate the
aging-in-place population. Assistance in the basic cares
of cleaning, cooking and laundry, to full nursing care is
available in-home. A caregiver should start with the list
they compiled through observation and pursue help from
there. Taken step-by-step, the process of introducing some
assistance to a loved one can be a smooth process.
caregivers don’t have to go it alone and can make the most
of their visits by assessing any changes in their loved
one, then seeking out appropriate resources. It then makes
the visits more focused on time together, and less on
worrying about a loved one’s safety and care.
4/16: Long Term
there is a rising trend in
younger people purchasing a policy to protect their future.
to the American Association for Long Term Care Insurance, 26%
of LTCi policies are sold to people age 45 to 54.
what is prompting the younger generation to purchase something
they may not use for 20 or 30 years?
people who purchase LTCi policies understand the importance of
having coverage because they are currently taking care of
their aging parents while trying to raise their own families.
These people know the benefits of LTCi and don’t want to put
the burden of being a caregiver on their own children.
premium for LTCi is based off the applicant’s age. This means
that the younger they purchase a policy, the less they will
pay. Although they may pay for a longer period of time, it is
generally less expensive than waiting to buy.
buyers know that if their health were to change tomorrow they
may not be able to purchase LTCi at any price. Buying the
policy while young and in good health not only eliminates the
concern about future insurability, it may cost less
considering younger people have a better chance of qualifying
for good health discounts.
EFM- this is from
an ad. I would need to analyze ANY policy particularly as to
what increase in premium would be allowed. Might be
better with a life insurance policy with the LTC rider. But a
lot of homeowrk would be necessary
can expect even greater migratory pressure from Africa
unless action is taken to prevent global warming, Sir David Attenborough has
said in a strongly worded warning to policymakers that time
is running out to save the natural world from extinction.
by the IMF managing director, Christine Lagarde, whether there
was a link between migration and climate change, Attenborough
said: “It is happening in Europe. People are coming from
Africa because they can’t live where they are.”
said migration pressures would become more acute as
temperatures continued to rise because more parts of the
world would become uninhabitable.
who was publicising the Netflix series Our
Planet, said: “I find it hard to exaggerate the peril.
This is the new extinction and we are half way through it. We
are in terrible, terrible trouble and the longer we wait to do
something about it the worse it is going to get.”
you are seeing migration from South America due to droughts.
There will be LOTS more.
terms of the 10 or 20 year period, I doubt the world will
embark on the true efforts to stop the carnage upon the earth.
By 2050, the devastation will be too great and humans will
slowly dwindle away.
Jersey new fiduciary rule
the federal government won’t act to to protect investors,
then we will,” said New Jersey Attorney General Gurbir
Grewall in a statement referring to the federal government’s
abandonment of the Labor Department’s fiduciary rule in favor
of a best interest contract, which is still pending at the
SEC. “The rule we’re proposing will provide important
safeguards for New Jersey families when they invest, save,
and plan for the future.”
the proposal, all investment registered financial services
professionals are required to act in accordance with their
fiduciary duty when providing investment advice or
recommending an investment strategy, the opening or transfer
of assets to any type of account, the purchase, sale or
exchange of any security, according to the press release from
the New Jersey Bureau of Securities. Failing to do so would
constitute “dishonest and unethical practice,” according to
proposal also sets forth the following conditions:
professionals must provide in accordance with both duty of
care and duty of loyalty in according to the common law
definition of fiduciary duty
risks, costs and conflicts of interest related to a
recommendation or investment advice as well as a
customer’s investment objectives, financial situation,
needs and any other relevant information
recommendations or advice without regard to the financial
interest of the broker dealer, agent, and advisor any
affiliated or related entity and its officers, directors,
4/16: Not only
the poor need help for retirement:
in the top 20% of earnings distributions have half of all
retirement wealth in both 1992 and 2010, compared with the
bottom group, which saw its share fall from 3% to 1% between
those years, a recent analysis at The New School’s Schwartz
Center for Economic Policy Analysis (SCEPA) found. The share
of workers in the bottom fifth of the earnings distribution
with no retirement savings jumped from 45% to 51% in those 18
study looked at employees between 51 and 61 years old in 1992
and 51 to 56 years old in 2010 and divided their earnings
based on lifetime labor market earnings, taking into
consideration individual retirement accounts and
employer-sponsored plans (like 401(k) plans).
or 12 hours of work for 6 days
Ma, founder of e-commerce giant Alibaba, has spoken out on
social media in recent days in support of the Chinese work
practice known as "996." The number refers to working from 9
am to 9 pm six days a week and is said to be common among
the country's big technology companies and start-ups.
are way easier places to work, but nobody ever changed the
world on 40 hours a week,
EFM- At that
rate, no one will have children. And no one to take care of
has been the No. 1 preventable cause of cancer for decades
and still kills more than 500,000 people a year in the
United States. But obesity is poised to take the top spot
obese and overweight — long implicated in heart disease and
diabetes — has
been associated in recent years with an increased risk of
getting at least 13 types of cancer, including
stomach, pancreatic, colorectal and liver malignancies, as
well as postmenopausal breast cancer. Researchers at the
American Cancer Society say that excess
body weight is linked to about 8 percent of all cancers in
the United States and about 7 percent of cancer deaths.
with people of normal weight, obese patients are more likely
to see their cancer
come back and have a lower likelihood of survival.
Perhaps most alarming, young people, who as a group are
heavier than their parents, are developing weight-related
malignancies, including colorectal cancer, at earlier ages
than previous generations
in 10 Americans are overweight or obese, according
to a 2015 article in JAMA Internal Medicine. People are
considered overweight if they have a body mass index (BMI) of
25 to 29, and obese if they have a BMI of 30 or more.
proportion of adults who are overweight has remained
relatively stable in the past several decades, but the
obesity rate has soared. In the early 1960s, almost 11
percent of men and nearly 16 percent of women were obese;
in 2016, those percentages were 38 percent and 41
type of cancer that is most strongly associated with obesity
is endometrial, which develops in the lining of the uterus.
Obese and overweight women are two to four times as likely to
develop the disease as women of normal weight, and the risk
rises with increased weight gain, according to the National
Institutes of Health.
people who are overweight or obese are about twice as likely
to develop liver and kidney cancer, and about 1.5 times as
likely to develop pancreatic cancer than normal-weight people
2030, people over 65 will outnumber children,
and by 2037, 3.6 million people are
projected to die in
the United States, according to the Census Bureau, 1 million
more than in 2015, which is projected to outpace the growth
of the overall population.
Economy way down
International Monetary Fund cut its outlook for global growth
to the lowest since the financial crisis amid a bleaker
outlook in most major advanced economies and signs that higher
tariffs are weighing on trade.
world economy will grow 3.3 percent this year, down from the
3.5 percent the IMF had forecast for 2019 in January. The 2019
growth rate would be the weakest since 2009, when the world
economy shrank. It’s the third time the IMF has downgraded
its outlook in six months.
is a delicate moment” for the global economy, Gita Gopinath,
who recently became the IMF’s chief economist. A projected
pickup in growth next year is precarious
global volume of trade in goods and services will increase
3.4 percent this year, weaker than the 3.8 percent gain in
2018 but reduced from the IMF’s January estimate of 4
4/16:Reviewing Target Date Funds Is Now Top Priority for Plan Sponsors
and fees rank high among the concerns of the consultants and
their clients, but other issues such as target-date fund
glidepaths have emerged as topping to-do lists, especially
in areas that focus on decumulation ... [O]ne question
asked: What are the most important factors in evaluating and
selecting investment default strategies? Glidepath
structure placed first (82% of responses), followed by
fees (56%) and probability of meeting retirement income
objectives (47%). Multiple answers were permitted. In
the previous survey, fees finished first (83%), followed by
glidepath structure (82%) and probability of meeting
retirement income objectives (65%)."
EFM- TDF are a
real impediment to viable retirement. They started out with
static glidepaths but now are effectively managed funds.
Manged funds rarely beat passive. Further, the costs are
crisis not confined to the poorest
of retirement wealth in the US is held by the top 20% of
earners, according to an analysis by The New School's
Schwartz Center for Economic Policy Analysis. However, the
analysis showed that while low-income workers are in an
especially precarious situation when it comes to retirement
savings, retirement plan wealth inequality exists across
all earnings groups.
board-and-care homes for those with serious mental
illnesses are shuttering as housing values soar and
minimum-wage increases drive up staffing costs.
EFM- The homeless
are a very large issue in SF. The cure??? Doubtful since the
amount of money needed is simply not available and never will
be. And it is the same in many states.
economic growth remains tilted to the downside, with risks
including trade tensions, policy uncertainty,
geopolitical risks and a "sudden sharp tightening of
financial conditions against a backdrop of limited policy
space." IMF/G20 meetings sent a "clear message"
to international policymakers: "don't rock the boat in
current unsteady waters." The IMF also warned of
"historically high debt levels and heightened financial
real life is way outside the boundaries of not only common
sense but any sense at all
Men in Papua
New Guinea are using silicone and cooking oil to perform
penis enlargements on themselves, and it's a medical
Wall Street rolls the dice with leveraged loans and your
Ken Tingley / OLEAN TIMES HERALD
In recent months, the alarms bells are ringing about the
proliferation of “leveraged loans” with many experts
stressing the similarities with the abuse of sub-prime loans
that led to the financial collapse in 2008.
“Leveraged loans” are extended to companies or
individuals that already have considerable amounts of
debt, or a poor credit history. These loans carry a higher
risk of default and are more costly to the borrower.
Bloomberg news reported recently that Fed Chairman Jerome Powell
says that leveraged loans aren’t threatening the U.S.
Banking system yet, but it does pose a “macroeconomic
risk” if the economy takes a turn for the worse.
4/15: And now there are seven
New Jersey law allows terminally ill to get life-ending
MIKE CATALINI / Associated Press
Gov. Phil Murphy on Friday signed legislation making New
Jersey the seventh state to enact a law permitting
terminally ill patients to end their lives.
Murphy, a Democrat, signed the Medical Aid in Dying for the
Terminally Ill Act in private. His office would not answer
why the signing was not public. The law goes into effect in
"I have concluded that, while my faith may lead me to a
particular decision for myself, as a public official I
cannot deny this alternative to those who may reach a
different conclusion. "I believe this choice is a personal
one and, therefore, signing this legislation is the
decision that best respects the freedom and humanity of
all New Jersey residents."
4/14: Finland is
“Democratic” Socialists’ most favored nation,
their example of the country America should emulate,
just saw its government collapse and its Prime Minister
and Cabinet resign due to the unsustainable costs of
universal health care.
4/14: Let's do
what China and Russia are doing- congratulations on Kim's hard
fought democratic effort to remain on top of North Korea.
President Vladimir Putin and Chinese President Xi Jinping on
Friday congratulated North Korean leader Kim Jong Un on his
reelection as chairman of North Korea's state affairs
commission, a top post in the country.
Korea said that it was a hard fought election by Kim against
123 recently dead people.
to go Kim!!!!!
aid in dying
article from NBC news on an ALS patient and the decision to
die with medication. 8 states make it legal- all should.
People with Alzheimers may find it worthwhile as they lose
living in the real world.
of Family Caregiver Support Groups
the average life expectancy increases in the United States,
the incidence of age-related diseases — such as
dementia — continues to rise exponentially as well.
In turn, the number of family caregivers in the U.S. has
Peter Steinglass, Executive Director of the Ackerman
Institute for the Family in New York City, says, “Today,
people are being asked to provide treatment at home that would
have been unthinkable even three years ago. In addition, there
is much greater awareness of the burdens facing family
caregivers… and fortunately, the availability of family
caregiver support groups has increased substantially.”
studies show that involvement in
family caregiver support groups can benefit the mental and
physical health of caregivers, as well as improve their
measures of success.
benefits of family caregiver support groups include:
caregiver support groups provide a safe place for caregivers
to share feelings in a non-judgmental environment
groups provide tools for coping with caregiver stress
Types of Family Caregiver Support Groups
are several different types of family caregiver support groups
groups: These groups consist of family
caregivers who care for people of all ages, with a wide
range of conditions. The focus is on caregiving in
general sense, instead of focusing on a specific illness.
Those who need social connections or who need to talk about
their own needs may find this type of group most helpful.
caregiver groups: These groups
focus on a specific condition, disease or disability, such
as dementia. Those caregivers whose parents or senior loved
ones are newly diagnosed, or in
need of more education and resources, may want to
consider this type of group.
support groups: These groups may be more
like group therapy than other types of support groups. The
focus is on improving communication and strengthening family
bonds, for those impacted by a person who needs ongoing
care. This is a good choice for dementia caregivers who are
struggling with conflict over caregiving tasks,
monetary issues or unresolved problems between family
support groups: Attending online support
groups from the convenience of the home is a good option for
caregivers who live in remote areas, caregivers struggling
with a lack
of time for self-care, or for caregivers who have
groups: This type of group involves adult
children, parents, spouses etc. This group may be the most
helpful for those who are looking for support from others
who can easily relate to the specific challenges that people
go through in family relationships with care recipients.
is different, so, we all have a different gauge as far as
what makes a good support group.
groups employ professional counselors or trained facilitators,
but in other cases, a very effective layperson may act as the
family caregiver support group leader. The group facilitator
should be able to:
and enforce the agreed-upon structure of the group
a primary goal for the group for all members
care and concern for every member in need
each member’s opinion
people may prefer a more relaxed atmosphere and others, a
structured group with guidelines for how long each
member shares, etc. There are some basic qualities that
apply to all groups, however. A functional family caregiver
support group should include:
caring environment offering trust among members
clear purpose of the group’s function and goals
good group facilitator
straight-forward policy on confidentiality
among members about how the meeting will be conducted and
the type of structure of the group
on Finding the Right Family Caregiver Support Group
may need to attend several different support groups before
discovering the one they feel most comfortable joining.
are some questions to ask when beginning your search:
What type of structure does the family caregiver support group
it an open speaking forum? Is participation required of each
group member? What are the rules of confidentiality?
Who is the group facilitator?
possible, talk to the group leader and ask questions about the
group directly. You may also want to inquire about any
credentials the leader has, as well as inquiring
about their background and experience.
Who sponsors the family caregiver support group?
support group sponsors include local churches, hospitals and
other well-established organizations, such as the Alzheimer’s
you don’t like the group the first time, try it at least one
more time before deciding the group is not for you. New
attendees oftentimes feel anxious when trying out an
unfamiliar group and may not get much out of it the first
in mind that the most important thing to take away from any
family caregiver support group is the feeling that group
members really care for each other. The other details can
usually work themselves out when differences surface —
provided there is mutual respect among the members.
finding the right group seems impossible, consider counseling.
A professional may be able to recommend the perfect support
group, based on getting to know you and your
personal family caregiving situation.
you joined a family caregiver support group before? What
suggestions do you have for other caregivers searching for a
support group? We’d like to hear your tips in the comments
Need Better Family Caregiving Policies
report from the Harvard Business
School (HBS) found that 55% of family caregivers are less
likely to progress in business at the rate of their peers,
despite the amount of effort they put in.
of caregivers leave jobs that don’t support their caregiving
needs, a loss that costs businesses money in having to find
and train new workers to replace them.
employees is not just good for the
employees, it has real, tangible benefits for businesses as
family caregiving policies can bring about these three
important business benefits:
It makes the business more competitive.
businesses to be competitive in their industry, they have to
be able to attract top talent. Offering attractive benefits is
one of the best ways to do that, especially if businesses
can’t afford to provide the highest salaries in the space.
Workers with caregiving
responsibilities will absolutely
consider factors like flexibility and paid leave policies when
deciding whether to accept a job, especially if they’re in a
position to choose between multiple options.
There is improved productivity.
addition to keeping employees around longer, better family
caregiving policies can mean workers get more done. Someone
that’s overextended and stressed won’t bring as much energy
and focus into their work each day. In states with paid leave
of businesses said increased paid
leave led to either improved productivity or no discernable
change. In other words, letting people work less doesn’t mean
they get less done. Employees that can go to work knowing that
their loved one at home has everything they need won’t be
distracted with worry and they’ll have an easier time focusing
when in the office.
There is increased employee loyalty and retention.
workers aren’t happy with their place of employment, that’s
bad for business. They’re much more likely to be seeking other
opportunities and leave at the first alternative offer they
get. Without some kind of family caregiving policy, a
significant portion of employees at a business will struggle
with basic work-life balance needs. The HBS report noted that
“Companies that ignore this emerging crisis risk losing their
hardest-to-find and highest-paid employees — educated, skilled
professionals… With those employees goes the substantial
investment that companies make in recruiting, retention and
training.” That adds up to a real monetary loss. Deloitte
estimates that flexible work policies saved the
firm $41.5 million in turnover costs.
to Make the Case at Your Company
a family caregiver, knowing that your life would be better if
your employer offered better policies for work-life balance
isn’t worth much unless you can get your employer to agree
with you. That’s the hard part.
the business case for better
family caregiving policies is strong.
It’s just a matter of getting your managers to give it
fair consideration. Employees at a number of companies have
gotten employers to institute better policies, so it is
are a few steps that can help you do the same:
Prepare your case.
a persuasive case for how the family caregiving policies you
want will benefit the company — not just the employees. Find
data that back up your arguments and mix that with human
stories that reveal the personal side of how
family caregiving affects work. See if you can find
examples of people who chose not to work for the company or
who left specifically because of the lack of good family
caregiving policies. Or share times that not having the
flexibility needed had negative consequences for an employee’s
life and work.
the arguments you want to make in advance so you can present
them clearly, with all the information you need in front of
Provide specific suggestions.
up a proposal of what you’d like to see in specific terms. If
you want to institute a better paid-leave policy, tell
your company specifically how much paid time off you suggest
and who you think it should be available to. Would you like to
incorporate flexible hours or more remote
work opportunities? Picture what that will look like.
Try to think of challenges those options present so you can
address potential objections up front.
your research so you can provide specific solutions and back
them up with evidence on why they’ll work. If you can find
case studies from companies in your industry, even better.
Try to identify other family caregivers working for the
person advocating for change alone in a company will have a
tougher hill to climb than a group of employees working
together. So you should try to identify other family
caregivers working in the company. The more you can find the
better. If you can find people in executive or managerial
roles struggling to balance caregiving with their job, even
better. Their words will have that much more weight when
making your appeal to the higher ups. Then, talk to the other
family caregivers that you find and ask
them about their struggles and about
the kind of policies they’d like to see.
ask if they’re willing to publicly work to help you convince
the company to do better. If you can get them to sign their
names to a letter or petition, or join you in going to HR or
your manager to discuss options, you’ll have a stronger case.
Work together with others pushing for better policies.
of the policies that would most benefit caregivers would also
improve the lives of working parents who face similar
struggles. When Walmart recently expanded
parental leave, one of the deciding factors was evidence
of broad employee support, including a petition that collected
thousands of employee signatures. Banding together with other
family caregivers can help you start to show that broad
support, but if you join forces with other employees that can
benefit from the same policies caregivers need, your numbers
more people throwing their support behind your suggestions,
you make your argument more persuasive to the decision makers.
there’s no promise that putting in this work will result in
you getting what you want, you won’t know unless you try.
Businesses have good reason to listen. While progress on
this front may be slow, companies will begin to see the
importance of offering benefits that take into account the
needs of family caregivers. If you can help your business be
at the forefront of this movement, it will benefit everyone
\A gauge of how
consumers view their "Present
Situation" fell in March by the most since 2008.
quantitative analysts find that the Present Situation
reading is the indicator most closely linked to future stock
the Present Situation index is in a downtrend, like it is
now, monetary easing from the Federal Reserve has basically
no impact on stock performance. That stands in contrast to
the idea that a more accommodative Fed is bullish for
years of overdoing it, policymakers should now be careful not
to overdo it," he said in a recent client note. "Confidence is
fragile enough that excessive dovishness might actually be
continued: "If confidence erodes for even a few more months,
we believe the entire US recovery from mid-2009 will come to
how many indigenous women have experienced
physical, sexual or psychological violence in
their lifetime, according to the National Institute of
how many Native American women have been raped or
experienced an attempted rape, according to the Justice Department,
more than twice the national average.
how many sexual assaults reported by Native
American women result in arrest, according to the
compared with 35 percent for black women and 32
percent for white women.
2016, 5,712 indigenous women and girls were
reported missing, but only 116 were logged by the
U.S. Department of Justice’s federal missing
persons database, according to the National Crime
number of indigenous women and girls who have
disappeared or been killed in 71 urban American
cities in 2016, according to a November report by
Urban Indian Health
Homelessness — Reporter Kevin Fagan analyzes a
disturbing trend: nearly half of all homeless people
older than 50 became homeless for the first time after
1) Twenty-eight percent of millennials think
worse off financially than they thought they'd be a decade
2) A variety of
economic factors have played a role in delaying some
millennials' wealth-building process. The Great Recession, student-loan debt, and a higher cost
of living have made it difficult for millennials to save.
1) Nearly half
of millennials who
have or have had student-loan debt
think college wasn't worthwhile.
2) The divide between
people who do think college was worth it and those who don't
is clear: Millennials who are still paying
off their student-loan debt feel worse
about having gone to college than millennials who have
already paid off their debt.
1) Many Americans expect
buy a house or retire one day but aren't saving
2) One-quarter of millennials who
to retire between ages 66 and 75 have no retirement savings
3) Nearly half of Gen
Xers have no retirement
account, despite most expecting to retire between 56
But, despite all of these
money worries, our survey shows that millennials aren't
curbing their spending. In fact, if given an extra $1,000 in
a month, millennials and baby boomers would spend similarly.
And while millennials are delaying major life events such as
buying a house and having kids (due in large part to massive
student loan debt), they aren't abandoning these things
millennials have been accused of killing razors, mayo,
golf, weddings, beer, and cereal. The rationale for this (at
least according to the Fed) has
that it's because younger Americans don't have as much money
to spend than previous generations.
If you have been to downtown San
Francisco, literally every corner has a homeless person
begging for money. Can it be corrected??
the average per unit cost of housing each homeless
person in the Bay Area region at $450,000 but also
noted that housing costs in San Francisco are more than
$700,000 per unit when land is factored in.
Using the $450,000 per unit cost of Bay Area
housing, the report estimates it would cost $12.7 billion
“to end homelessness under current methods of building and
providing services.” It also said providing services at
about $25,000 per person annually to half of the region’s
homeless population over 10 years would require another
And this will increase the cost of
California living shortly
California wildfires continue their destructive trend of the
past two years, electricity rates could skyrocket 50% and
threaten the state’s ability to execute some of its top
clean energy initiatives.
and cognitive impairment.
old people conclude that between 16
percent and 23
Americans over 65 experience some form of cognitive
impairment. Researchers from the Georgia Institute of
Technology found that these subjects performed worse
than others on tasks involving working
the ability to remember information while manipulating it,
as when calculating the tip on a restaurant bill — and
that they’re more impaired when those tasks become more
complex. Older adults also have difficulties with tasks that
require dividing or switching attention, like cooking
while chatting on the phone. On tests of
reasoning, memory and cognitive speed, the average scores
for adults in their early 70s were near the 20th
percentile of the population, whereas the average
performance for adults in their early 20s was near the
75th percentile. A Mayo Clinic study of
161 cognitively normal adults between 62 and 100 years of
age showed that declines in learning ability closely track
the passage of time. “Research has shown that concept
formation, abstraction, and mental flexibility decline
with age, especially after age 70, as older adults tend to
think more concretely than younger adults,”
live in an age of isms, and ageism (discriminating
against people because of how many birthdays they’ve
celebrated) is forbidden by statutes like the Age
Discrimination in Employment Act, and by political
correctness. This bothers some people in the field of
gerontology. “If talking about someone’s age is taboo
and we are immediately accused of ageism, then that
shuts down the discourse,” argues Jennifer Sasser, 52, a
gerontologist at Oregon State University. A
70-year-old candidate “will have 20 more years of
lived experience than a 50-year-old, and that
translates not only into potential expertise but also
a richer mind,” Sasser says. But “you can’t stay at
the height of your capacity forever. That’s not the
trajectory. We do become less energetic. Our bodies
and minds do change.”
dog cat video ever
across central and northern Europe was 80% below average
levels, resulting in agricultural losses and wildfires.
Satellite photos showed dozens of Swedish forests burning in
July that destroyed more than $100 million worth of woodland.
temperatures rose during the year, so did the duration of
sunshine,” Copernicus said in a statement. “Parts of
central and northern Europe experienced up to 40 percent
more sunshine hours than average with Germany being the
sunniest on record.”
retreat would have a large impact on the Alps since glaciers
are an important part of the region’s ecosystem, landscape
and economy,” said Harry Zekollari, a climate scientist in
Switzerland. “They attract tourists to the mountain ranges
and act as natural fresh water reservoirs. Glaciers provide
a source of water for hydroelectricity, which is especially
important in warm and dry periods.”
pain felt by European farmers was evident from space,
according to Copernicus, which published images showing how
the normally lush cropland of central and northern Europe
were burnt crisp by heat and lack of rain.
conditions were especially persistent in Germany, where the
April-September period was the second-driest on record,
leading to heavy agricultural production losses,”
order to avoid the catastrophic effects of runaway climate
change — rising seas, super-storms, famine and war — the world
needs to invest some $2.4 trillion a year through 2035 in
order to cut fossil fuel emissions. Even a rise of 1.5 degrees
would have massive consequences, including a “multi-meter rise
in sea levels” over hundreds to thousands of years and a mass
extinction of plants and animals.
$2.4 trillion per year is laughable if it was not so sad.
Human population will decrease certainly by 2050 and Mother
Earth will retain her rights to the earth by 2100
to put together a care teamife was significantly
changing in the home of Helen’s parents. Her father’s tremors
had increased and his falls had become more frequent in recent
weeks. He also had difficulty sleeping and caring for his
personal needs. His Parkinson’s disease was noticeably taking
its toll on Helen’s mother as well. She was weary from a lack
of sleep and unable to fully care for her husband’s needs
anymore. Her own health was in jeopardy as she faced high
blood pressure and she had injured her back while attempting
to lift her husband after a fall. Suddenly, Helen found
herself providing care to both of her parents! It seemed as if
their lives were unraveling and Helen knew she couldn’t handle
this crisis all alone. Her siblings lived out of the area and
seemed unaware of their parent’s urgent needs. Helen felt very
much alone and was unsure what to do first or whom to call for
matter how well intentioned, caregiving for a loved one can be
quite challenging. Too often the responsibilities land on the
shoulders of one individual, either by choice or default.
Whether the care receiver is a parent, spouse, adult child or
sibling, upholding the total weight of a loved one’s needs can
take its toll on even the strongest of caregivers. That’s why
it is vital for a caregiver to build a care team and form a
circle of support.
concept of building a care team is not new, yet many families
and caregivers are unaware of its importance to their
respective roles. Planning the team should begin as soon as
it’s apparent that an individual is in need of care.
make a list of those individuals who can join the care team
and contribute to its success. The following list of team
players can get you started:
members, including children
day program staff
plan a family meeting to evaluate the caregiving situation and
discuss any concerns. Quite likely, each family member has a
skill or ability to contribute. Discuss which member is best
equipped to handle specific needs. For example, those with
financial skills can assist with monetary guidance, and those
in the legal field can provide expertise in taking care of
wills, health care directives and estate planning. Other
members may possess organizational skills, have home repair
experience or are able to offer personal care assistance. Long
distance family members can make phone calls, send emails or
letters to the caregiver and care receiver to boost their
morale. Perhaps they could contribute toward hiring
housekeeping or chore services. All members should be urged to
collectively contribute what each is capable of giving to the
consider the family dynamics and how this may influence the
caregiving scenario. One common mistake is to presume that
everyone is comfortable with and responsible for giving
personal care, cleaning or handling finances. This assumption
has caused many family members to distance themselves when
help is needed and can bring about family disharmony.
Hopefully a family meeting can bring everyone together to pool
their resources and agree on a plan of care.
consult the professionals and seek the support and skills from
people outside of the family. The physician and his/her staff
will offer the necessary medical guidance to care for an
individual. Pharmacists can answer questions regarding
medication usage and interactions. Clergy and church members
can offer spiritual guidance and perhaps assistance with
occasional meals or transportation. Neighbors and friends
often are willing to help decrease social isolation as well as
provide respite care to allow the caregiver a much needed
break. Adult day staff can propose a respite and activity plan
and give support. A caregiver consultant can provide
resources, education and even act as a family mediator, thus
encouraging families to work together for everyone’s benefit.
Counselors or therapists are available to help with emotional
needs and can assist the caregiver in sorting out feelings to
gain perspective. Home care agencies offer certified and
licensed staff to provide custodial and skilled care services.
Medical organizations that address Parkinson’s disease,
Alzheimer’s disease, cancer, etc., should also be contacted
for information and support groups.
one can see, there are many benefits to building a strong,
multi-faceted care team, one step at a time. Communication,
cooperation, and forming partnerships within the family and
the community can all promote and support a successful
4/9: EURO traiffs
The US is weighing tariffs on $11bn
of EU products — including civilian aircraft and
agricultural goods ranging from Roquefort cheese to olive
oil — in a move that threatens to further escalate
transatlantic trade tensions.
The Trump administration said
it was proposing the levies in response to EU subsidies to
support Airbus, the European aerospace and defence group,
which were judged to be illegal by the World Trade
The move represents a significant
between Washington and Brussels at a time when officials
on both sides of the Atlantic have become increasingly
frustrated with one another. (FT)
EFM: The U.S. is
still having difficulties with China; Mexico is a mess with
tariffs and immigration; North Korea is still building nuclear
weapons. Brexit is ????? Israel vote is up in the air. ETC. If
we can slide through these problems of a recession will be
later. If we screw up, the alternatives to avoid a recession
becomes even starting this year.
today’s newsletter, we will take a quick look at some of the
critical figures and data in the energy markets this
We will then look at some of the key market movers early
this week before providing you with the latest analysis of
the top news events taking place in the global energy
complex over the past few days. We hope you enjoy.
is finally launching its industry-leading energy
intelligence service - Global
Alert. New members of this service
will also receive our exclusive 5-part report on The
Top 50 Oil & Gas Companies of 2019 for
FREE. Claim your 100%
30-day risk-free trial here
- Between 2013 and 2017, Pennsylvania was
the largest exporter of electricity, shipping out 59 million
megawatt hours (MWh) on average each year.
- California, on the other hand, imported
an average of 77 million MWh, the most out of any other
4/9: How to get
someone to eat
common nutritional problem that can affect someone in poor
health is cachexia-anorexia and it especially involves those
in advanced stages of Alzheimer’s and cancer.
Cachexia-anorexia is a syndrome in which progressive and
involuntary weight loss occurs. The people with this disorder
are “wasting-away” from the lack of vitamins and nutrients and
as a caregiver; this can be a difficult and frustrating event
syndrome can be attributed to cancer treatments, medications,
physiological problems like an obstructing tumor in the
gastrointestinal track or psychological problems like
depression. It is also possible the person you are caring for
has a loss of appetite simply from not feeling well. Remember
to consult your physician about the specific dietary needs of
your loved one.
Water, Water. Make sure the person you are caring
for has plenty of water to avoid dehydration, which can lead
to appetite suppression.
it small. Instead of three
large meals a day, which can look overwhelming to someone in
poor health, serve six small meals a day.
up on the amount of calories
per meal. For instance, you can add protein powder mix to
shakes or drinks to increase calories.
is better. Serve soft foods
such as pudding, ice cream or fruit smoothies because they
can be tasty and easy to digest.
it tasty. Don’t serve bland or
sour tasting foods.
the power in their hands. When possible, give the
person you are caring for the decision-making power to
decide what they would like to eat; it helps them to feel in
it pretty. Present appetizing
looking meals by accenting the plate with a garnish (i.e.
strawberry or melon). Also, make the dining experience
pleasant for the person you are caring for by playing soft
music or talking to them about the day’s events while they
are eating to take their minds off not feeling well.
it down. Keep a food diary
about the person you are caring for and include: what food
they have problems or complications digesting and their
daily food menus, and review it with their doctor or
dietician for feedback. They may be experiencing digestive
problems or irritable bowl syndrome due to their menu.
it out. Try and get them moving
to work up an appetite. If overall exercise such as walking
isn’t possible, have them fold the laundry or peel
years ago, my mom underwent major surgery to remove a brain
tumor. The day of her surgery felt like the longest day of my
life. Because she didn’t have any family members in the area,
I was going to be her primary caregiver. She worried how I
would be able to handle things by myself. It was an
emotionally draining experience, but I had prepared myself for
the long wait.
to the surgery, I prepared a backpack filled with items that I
would need for the long day. To help with my mom’s recovery, I
needed to remain strong, both physically and emotionally. My
backpack was my recovery room survival kit.
someone you love will be undergoing major surgery, it might be
helpful to have your own survival kit. The day of surgery can
be a traumatic experience for both the patient and the
caregiver. If you make adequate preparations, you can make
yourself as comfortable and alert as possible.
own kit included the following essentials:
and pen: The patient will receive a lot of
instructions regarding post-operative procedures such as
medications and wound care. You and the patient may experience
information overload. It will be helpful to jot down notes as
soon as the nurse or doctor gives you those instructions. If
certain instructions are vague, ask follow-up questions before
the patient is discharged.
or energy bar: You may be so stressed that you
will forget to eat. You will need to keep your energy level
up. A piece of chocolate has enough caffeine for a temporary
boost. An energy or protein bar has enough calories to
substitute for a small meal. You can also carry a bag of nuts
or a banana. If you don’t have an appetite for cafeteria food,
keep some snacks in your bag.
water: This may seem obvious, but water is an
essential. You don’t want to dehydrate yourself with too much
coffee or soda. Also, you don’t want to pester the nurses for
a glass of water. Right after surgery, the patient will not be
able to take water for a few hours. However, you still need to
keep yourself hydrated.
one phone number: As a caregiver, you need to
remain physically and emotionally strong. When you’re feeling
overwhelmed, don’t forget to ask for help. Everyone has that
one phone number to call. It can be a family member, friend,
or mentor. You don’t have to do everything by yourself. When I
thought the pressure was too much, I called my best friend to
share my fears and anxieties. Just a five minute conversation
can work wonders.
you are going to be a caregiver, be prepared and bring your
own essentials. In my mom’s case, the actual procedure lasted
about five hours. She was awake by the time they rolled her
into the Intensive Care Unit. I waited in the hospital lobby
until they allowed me to see her. When I walked into her ICU
room, I wasn’t sure what to expect. She looked up, saw me, and
waved. I waved back, and I knew everything was going to be
4/8: This could be the
bombshell that stops the stock market- along with the
HUGE debt that is larger than 2008.
Corporate profit squeeze looms, threatening stocks’ climb. Dozens
of companies have slashed their profit forecasts for
the first quarter, calling into question whether the
Federal Reserve's move to loosen monetary policy will
continue to boost the market through its first pullback
in earnings in nearly three years.
auris is so tenacious, in part, because it is impervious
to major antifungal medications, makingued.
germs are often called “superbugs,” but this is simplistic
because they don’t typically kill everyone. Instead, they
are most lethal to people with immature or compromised
immune systems, including newborns and the elderly,
smokers, diabetics and people with autoimmune disorders
who take steroids that suppress the body’s defenses.
prominent strains of the fungus Candida — one of the most
common causes of bloodstream infections in hospitals —
have not developed significant resistance to drugs, but
more than 90 percent of C. auris infections are resistant
to at least one drug, and 30 percent are resistant to two
or more drugs, the C.D.C. said.
auris isas “the top” threat among resistant infections.
“It’s pretty much unbeatable and difficult to identity,”
half of patients who contract C. auris die within 90 days
workers used a special device to spray aerosolized
hydrogen peroxide around a room used for a patient with C.
auris, the theory being that the vapor would scour each
nook and cranny. They left the device going for a week.
Then they put a “settle plate” in the middle of the room
with a gel at the bottom that would serve as a place for
any surviving microbes to grow, Dr. Rhodes said.
one organism grew back. C. auris.
germ has spread into long-term care facilities. In
Chicago, 50 percent of the residents at some nursing homes
have tested positive for it,
I have been waiting for at least two decades for something
like this to decimate civilization. Maybe this isn't it
but climate change might offer up other organisms. The
permafrost in northern countries is now melting and
will release spores and microbes that have been buried in
ice for centuries. So I will now state that the world will
suffer a major contagion with the next ten years. It will
kill the old and young first and new strains will occur as
for Disease Control and Prevention said
Friday it has yet to determine the source of an E. coli
outbreak that has infected 72 people in five states — an
admission one expert in food-borne illness called
“perplexing,” considering how many have become sick.
of E. coli infection often include severe stomach cramps,
diarrhea and vomiting, typically occurring three days
after consuming the bacteria. The states affected by the
outbreak are Ohio, Virginia, Kentucky, Tennessee and
the size and the number of states that are involved, what
you’re seeing is very unusual,” Marler said. “If it was
five people or 10 people, that’s a little harder to figure
out. But when there’s 72 people and they’re being
interviewed by epidemiologists, it’s pretty unusual you
don’t have a culprit.”
O103 outbreak is by far the largest in recent memory
to the Environmental Protection Agency, agriculture —
especially cattle — generates nearly
10 percent of
heat-trapping emissions in the United States.
4 types of medications that affect brain
function. These are listed in depth in my
article on this topic, and are also included in
the 2019 AGS Beers Criteria’s Table 3, in the list of
medications to avoid in people with dementia or
cognitive impairment. They should also be avoided when
older people have delirium.
anti-inflammatory drugs (NSAIDs).
include common over-the-counter painkillers such as
ibuprofen and naproxen (brand names Advil and
Alleve), as well as prescription-strength NSAIDs,
which are often prescribed for arthritis and other
pain. I explain the risks of these medications in this
for prevention (in adults
age 70+ who have NOT had a heart attack, stroke, or
other cardiovascular event).
are medications that reduce stomach acid, such as
omeprazole (Prilosec). They are not
recommended for chronic use of more than 8 weeks,
unless there are compelling reasons to continue.
to avoid or use with caution if there is a history of
falls or fractures.
is an important list since falls are really common
in older adults.
AGS 2019 Beers Criteria list for this includes:
(also known as anticonvulsants; these are
sometimes used off-label for difficult dementia
behaviors, see here.)
- Note: in my
own list of medications to review for fall
prevention, I also include medications related to
blood pressure (recommended by the CDC guidelines)
and blood sugar (common sense; low blood sugar is
common in older people on diabetes medications and
is definitely associated with falls). For more, see here.
majority of Millennials are investors, the top three
reasons some Millennials do not invest are they do not
have enough money to do so, they say they do not know how
to properly invest, and they do not know the first thing
percent of Millennials say they are not too young to
invest. They believe that the right age to start investing
is 28. Among the Millennials who have never invested, 83%
said that if they were to do so, they would want to invest
in a company that is ethical and socially responsible.
Millennials say that in order to invest, they would need a
salary of more than $35,000 and at least $3,659 in their
savings account. And, 20% of Millennials say they are
so overwhelmed by the idea of investing that they
haven’t even looked into it at all.
make up nearly a quarter of the total U.S. population, 30
the voting age population, and almost two-fifths of the
working age population.
rallied on Friday morning, ending the week on a bullish
note as traders are increasingly concerned about global
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percent of American workers who participate in a 401(k)
or other workplace retirement plan feel secure about
their retirement, as long as they watch their
spending. That positive sentiment was echoed by
the CNBC and Acorns Invest In You Savings Survey,
which found that more than half of adults are either
somewhat more confident (30 percent) or much more
confident (27 percent) about their ability to save for
retirement than they were three years ago.
concerns get in the way.
biggest concerns that get in the way: daily living
expenses, which was cited by 65 percent of respondents.
That was followed by generational debt, with 43 percent;
housing costs, 43 percent; and health-care costs, 32
makes matters worse is that 22 percent of workers admitted
to taking a lump sum distribution from their retirement
funds without moving the money to another plan.
EFM- these articles provide
some insight. But in realty, unless a formal budget is done,
etc. they are a guesstimate only.
Since 2016, the equity release
market has been growing at the average rate of 7.1 per cent
each quarter. The amount of equity unlocked from people’s
homes more than doubled from £514m in the second quarter of
2016 to £1.08bn in the final quarter of 2018. In 2018, there
was a record £3.94m of equity release lending. A much higher
sum — £7.83bn — was taken flexibly from pensions in the same
year. However, this market has been growing at the much
slower pace of 0.71 per cent each quarter.
The numbers of lifetime
mortgages in particular rose by 25 per cent from 2017 to
2018. Alistair McQueen, head of savings and retirement at
Aviva says the figures suggest homeowners are turning to
their properties as a means to raise wealth in retirement.
“Property and pensions together represent nearly 80 per cent
of private wealth in the UK,” he says. “As our life
expectancy reaches record highs and our savings ratio hits
record lows, it is understandable that people are
increasingly turning to their property wealth to fund their
longer later lives.” How prevalent is equity release in the
UK? Lifetime mortgages make up about a third of all
mortgages taken out by homeowners in their mid-50s, compared
with less than 20 per cent a decade ago
those 55 and older, 48 percent had nothing put
away in a 401(k)-style defined contribution plan or an
individual retirement account, according to a GAO
estimate for 2016 that was released Tuesday.
an improvement from the 52 percent without retirement
money in 2013.
in five of such households did have access to a
traditional pension, also known as a defined benefit plan.
However, 29 percent of older Americans had neither a
pension nor any assets in a 401(k) or IRA account.
Too soon to know if this is a
reveal that two in five caregivers are caring for or have
cared for a parent and, while the majority (83%) have
siblings, only one in 10 say siblings equally share
responsibilities as a team. Rather, 40% say their siblings
don’t assist in caring for their parent at all, and an
additional 41% indicate that while siblings offer some
help, they themselves are the primary caregiver.
Is there a choice when it comes to stepping up as a
more than half of caregivers (58%) knew in advance that
they would be providing care, for two in five, it was not
discussed and was completely unexpected. This factor –
whether a caregiver knows in advance about taking on this
role – impacts how they feel about the choices they have:
emotional and practical realities
study looks at the financial and practical realities of
caregiving and finds:
whole new meaning to the phrase “parents’ expectations”
their own experience, 72% of caregivers have not planned
for their own long-term care needs. Moreover, two in three
haven’t spoken about preferences for their care either
because they just expect it will be taken care of as it
has always been done in their family (37%), or because
they don’t have any expectation that anyone would be
responsible for them (30%).
those who have planned:
a real disconnect between perceptions and realities when
it comes to caregiving...
majority (76%) of caregivers anticipate their family will
provide their care, either their spouse/partner (41%),
another family member (31%) or their children (29%).
who have or expect to have children themselves assume
their children will provide long-term care in terms of:
caregivers who will look to their children for financial
support anticipate they will rely on them for an average
of 41% of their financial support needs.
the issues are not resolved in a timely manner and
production of the 737 MAX needs to be halted for a spell,”
wrote the JPMorgan strategist. “It would take about 0.15%
off the level of GDP, or about 0.6%-point off the
quarterly annualized growth rate of GDP in the quarter in
which production is stopped."
EFM- Boeing seems to be on top
of the problem but can you imagine how flyers would feel for
at least 6 months in finding out their next flight was on a
Limits of Forward Guidance"
CEPR Discussion Paper No. DP13612
JEFFREY R. CAMPBELL, Federal
Reserve Bank of Chicago, CentER, Tilburg University
FILIPPO FERRONI, Federal Reserve Bank of Chicago
JONAS D. M. FISHER, Federal Reserve Bank of Chicago -
Economic Research Department
LEONARDO MELOSI, Federal Reserve Bank of Chicago
of forward guidance as a monetary policy tool depends on
the horizon over which it can be communicated and its
influence on expectations over that horizon. We develop
and estimate a model of imperfect central bank
communications and use it to measure how effectively the
Fed has managed expectations about future interest rates
and the influence of its communications on macroeconomic
outcomes. Standard models assume central banks have
perfect control over expectations about the policy rate
up to an arbitrarily long horizon and this is the source
of the so-called "forward guidance puzzle." Our
estimated model suggests that the Fed's ability to
affect expectations at horizons that are sufficiently
long to give rise to the forward guidance puzzle is
substantially limited. We also find that imperfect
communication has a significant impact on the
propagation of forward guidance. Finally, we develop a
novel decomposition of the response of the economy to
forward guidance and use it to show that empirically
plausible imperfect forward guidance has a
quantitatively important role bringing forward the
effects of future rate changes and that poor
communications have been a source of macroeconomic
not cleaning that up!
More than 32 major cities around the world
are experiencing a shortage in
affordable housing, many as a result of
their renewed prosperity. The crisis is becoming a
hot-button political issue, along with rent control, but
solutions are slow to be found.
4/7: Bear markets (though if
losses average 33%+, I consider that they are recessions).
This is from an agency that uses indexed universal life.
Number 3 doesn't make sense to me- but I will attend their
seminar later in the month.
WWII a Bear Market occurs every 6 Years.
2) During a 30 year retirement, you can expect 5 Bear
3) The market will experience 0% gains during 50% of
4) A Bear Market lasts on average 16 months.
5) After the market bottoms, it takes on average 22.5
months to reach the market peak where the Beat Market
6) The total new Bull Market appreciation (from the
bottom) is 74%.
7) Most of the Bull Market gains are in the first year.
8) The average total Bull gain is 135%.
9) The average Net gain from prior peak to new peak is
10) The average loss is 33% (plus fees)
4/7: Caregiving duties usually
fall on just one
most families, caring for mom or dad as they age is not a
family effort. According to new data from Northwestern
Mutual’s latest C.A.R.E. Study, the responsibility most
likely falls on the shoulders of one sibling, rather than
being shared among all the children.
reveal that two in five caregivers are caring for or
have cared for a parent and, while the majority (83%)
have siblings, only one in 10 say siblings equally share
responsibilities as a team. Rather, 40% say their
siblings don’t assist in caring for their parent at all,
and an additional 41% indicate that while siblings offer
some help, they themselves are the primary caregiver.
4/4: The frogs are dying; the
frogs are dying!!!!
now earns the moniker of the most deadly pathogen
known to science.”
the late 1990s, researchers discovered that frogs in
both Australia and Panama were
infected with a deadly fungus, which they named
Batrachochytrium dendrobatidis — Bd,
fungus turned up in other countries, but studies of its
DNA suggest that Bd originated
on the Korean Peninsula. In Asia, amphibians seem
impervious to Bd, but when it got to other parts of the
world — probably via the international trade in pet
amphibians — the pathogen reached hundreds of vulnerable
are infected with Bd by contact with other animals or by
spores floating in the water. The fungus invades skin
cells and multiplies. An infected frog’s skin will start
to peel away as the animal grows sluggish. Before it
dies, a frog may manage to hop its way to a new stream
or pond, spreading the fungus further. (EFM_ or a bird
drops one into new ponds)
I wonder if the worst influx of Cane toads can be tamed.
Millions upon millions upon MILLIONS have overrun
Australia and Florida is now seeing the beginning of a
swarm. They have no known predators
answer to skilled-labor shortages? How
vocational schools became sought-after
academies in New Jersey
Jersey is facing a looming shortage of skilled
workers. To address it, the state is investing
in vocational schools, transforming them into
competitive academies that combine work-based
training with rigorous coursework and respond
directly to employers’ needs.
discussing trends in the industry,” said Ted
Szczawinski, director of curriculum at Passaic
County Technical Institute, of the meetings
between school staff and local industry leaders.
“How is the workforce evolving, what’s on the
horizon, what hasn’t been developed yet, what’s
about to be outsourced?”
EFM- China has been doing this
for some time. They take those from the farmlands and put
them into learning centers where they go on to work on
computers doing simple- but necessary- tasks for AI. Every
state should be doing this.
than 80% of women globally are highly involved in their
short-term finances, such as daily expenses, budgeting and
cash flow, according to UBS Global Wealth Management’s Investor
which surveyed more than 3,600 high-net-worth (HNW)
married women, widows and divorcees in nine markets
including the U.S.
reportedly are “acutely aware” of their long-term
financial needs. The top three financial needs identified
by the majority of women globally include retirement
planning (76%), long-term care (72%) and insurance (68%).
Surprisingly few, however, take the lead in managing their
own long-term finances. Only 23% of women globally take
charge of long-term financial planning decisions.
to the report, women’s deferral of important financial
decisions to spouses extends to all generations, but for
different reasons across markets.
than half of women globally (58%) defer to their spouse to
manage long-term decisionmaking for reasons ranging from
“my spouse never encouraged me” to “we take a
divide-and-conquer approach.” Yet, the main reason
apparently has to do with women’s assumptions about who
knows more. An overwhelming 82% of women think their
spouses know more about long-term finances, citing this
belief as their top reason for deferring.
somewhat surprisingly, Millennial women in the U.S. were
even less likely to take charge, with 56% of women age
20-34 deferring to their spouse, as opposed to 54% of
women over 51 years of age.
emphasizes that this lack of participation stands in
contrast to the urgent calls of U.S. widows and divorcees
(98%) to push greater financial involvement, and the clear
benefits — such as increased confidence and lower stress
levels — for women who do partner with their spouses.
58% of women around the world – including the next
generation of Millennials – defer to men on important
financial decisions, we need to ask why,” notes Paula
Polito, Global Client Strategy Officer at UBS Global
Wealth Management. “This dynamic could go on for
generations to come, unless both men and women make a
commitment to engage in financial decisions together.”
committee found that the pace of Army life, particularly
during wartime, produced a hectic stream of trainings,
deployments, job changes and relocations that placed
soldiers under more stress than their civilian peers but
that soldiers most often took their lives for the same
reasons that civilians did: failed relationships;
careers imperiled by legal trouble or injury; mounting
debts; or unmanageable depression, anxiety or substance
Promotion, Risk Reduction, Suicide Prevention Handbook,”
argued that the frantic pace of the Iraq and Afghanistan
wars had led leaders to value fighting skills over people
skills, to the point that soldiers’ struggles —
deteriorating relationships, substance use that was becoming
abuse, maxed-out credit cards or a penchant for risky
behavior — were not being noticed until too late.
what it called “the lost art of garrison leadership,” the
Army determined that it needed to change its culture
to cultivate leaders’ capacity to care for and mentor
soldiers. “Now more than ever, our Soldiers need firm,
fair and consistent leadership,” Gen. Peter
Chiarelli, then-vice chief of staff, wrote in the report’s
introductory letter, adding, “We must identify our
Soldiers who are at-risk, mitigate their stress and, if
necessary, personally intervene to assist them.”
Tips to Start Sleeping Better
your sleep can result in the following benefits:
skin health and more healthful appearance
regeneration and better relationships
risk of stroke and cardiovascular disease
levels of inflammation
rate of weight loss
risk or Alzheimer's disease and cognitive decline;
report shows that from 2001 to 2008, the average
allocation to fixed income, equities and alternative asset
classes was roughly the same for public and private plans.
But from 2009 to 2015, those allocations diverged, with
public plans allocating significantly more to risky assets
than private plans. Specifically, public plans had 72%
in risky assets (50% in equities and 22% in
alternatives), while private plans had 62% (44% in
equities and 18% in alternatives).
to Pay for the Protection of the Amazon
World Bank Policy Research Working Paper No. 8775
JUHA VEIKKO SIIKAMAKI,
for Conservation of Nature (IUCN)
ALAN JEFF KRUPNICK, Resources for the Future
JON STRAND, World Bank
JEFFREY VINCENT, Duke University
rainforest, the world's largest tropical rainforest and
an important constituent of the global biosphere, continues
degrading by rapid deforestation, which is expected to
continue despite policies to prevent it. Current
international funding to protect the Amazon rainforest
focuses on benefits from reduced carbon emissions.
This paper examines an additional rationale for Amazon
protection: the valuation of its biodiversity and
forests as natural heritage to the international
community. To measure the economic value of this
benefit, the paper examines U.S. and Canadian
households' willingness to pay to help finance Amazon
rainforest protection. The analysis finds that mean
willingness to pay to avoid forest losses projected to
occur by 2050 despite current protective policies is $92
per household per year. Aggregating across all
households and considering the area protected, the
analysis finds that preserving the Amazon rainforest is
worth $3,168 per hectare (95-percent confidence interval
$1,580-$4,756), on average, to households in the United
States and Canada. Considering households in other
developed countries would generate yet larger estimates
of aggregate value, likely comparable to the carbon
benefits from rainforest protection. The results reveal
high values of the Amazon rainforest to people
geographically distanced from it, lending support to
international efforts to reduce deforestation in the
today’s newsletter, we will take a quick look at some of
the critical figures and data in the energy markets this
We will then look at some of the key market movers early
this week before providing you with the latest analysis of
the top news events taking place in the global energy
complex over the past few days. We hope you enjoy.
- The EIA projects that U.S. tight oil production,
having taken over from conventional crude as the major
source of output for the country, will hit 10 million
barrels of daily oil production by 2030.
- In 2018, tight oil production
reached 6.5 mb/d.
- Three shale plays in the Permian –
the Spraberry, Bone Spring, and Wolfcamp – account for
41 percent of total U.S. tight oil production.
4/3: The Rate of Return on
What is the aggregate real rate
of return in the economy? Is it higher than the growth rate
of the economy and, if so, by how much? Is there a tendency
for returns to fall in the long-run? Which particular assets
have the highest long-run returns? We answer these questions
on the basis of a new and comprehensive dataset for all
major asset classes, including housing. The annual data
on total returns for equity, housing, bonds, and bills
cover 16 advanced economies from 1870 to 2015, and our
new evidence reveals many new findings and puzzles.
Massive amount of data
EFM- the housing crisis
meltdownwas caused by fraud, irresponsible ratings on the
longest tranches etc. But it was also helped along by the
news programs that would intereview people who would buy a
condo, sight unseens, and then turn around and resell for a
nice profit in a few weeks, nevermind months.
the Tech bubble was getting ready to pop, the curve
inverted in April 2000. The smart money began selling some
high-profile names like WorldCom, Enron, and Pets.com to
retail buyers who still believed that the only thing that
mattered was eyeballs and clicks.
And the fact that there were 30 year old pretty boys on
FNN and the like that said that business cycles were a
thing of the past.
EFM- And it will probably work.
Why? Because if they contest the final report et al, then we
will never see THEM again. That is a decent amount of money
to keep your mouth shut.
Trump has effectively been kept
quiet. Why? All the money the U.S. makes in selling its
armaments. Also note that we started bombing again in Yemen.
One of the worst humanitarian calamities in the world.
Federal Trade Commission’s Funeral Rule requires funeral
homes to provide prices to consumers seeking them over the
phone and to give an itemized price list to anyone
requesting one in person. But the rule, which first took
effect in 1984, when the internet was in its
infancy, does not require online disclosure of prices.
typical cost of a traditional funeral, including
viewing of the body and burial, was about $7,400 in 2017,
according to the National Funeral Directors Association, a
trade group. A funeral with cremation, which is
increasingly popular, was about $6,300. But costs
vary widely, even within the same market.