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Maxim Shipenkov/AP Russia’s prime minister said Thursday the government wants to raise the retirement age. He also said the country could also see higher value-added tax rates. The proposals are aimed at raising government revenue amid a falling working-force population. In efforts to tackle demographic challenges to Russia’s economy, Moscow looks poised to keep people […]
Koichi Kamoshida/Getty Images Thirteen male Japanese politicians have pledged to support the “We Love Babies Project” which aims to create a society that accepts babies crying in public spaces. The group ecourages businesses and restaurants to display “It’s OK to cry” stickers. Signing on to the initiative is likely part of a move to encourage […]
Issei Kato/Reuters Japan is dealing with what economists call a “demographic time bomb.” Through a vicious cycle of low fertility and low consumer spending, the country’s economy has gradually shrunk over the last 20 years. Japan has coped with this demographic time bomb in creative and sometimes extreme ways. But the reputation Japan still maintains […]
REUTERS/Aaron P. Bernstein President Donald Trump’s approval rating is a new low in a Fox News poll. Only 38% of respondents approve of Trump’s job performance. The low rating may be due to dropping approval from white men without a college degree, a key voting demographic in the 2016 election. President Donald Trump’s approval rating […]
Nike on Instagram 2017 is quickly becoming a year Nike Inc would rather forget. For the first time in a decade, the Swoosh did not have the most popular sneaker in the U.S., losing that title to Adidas Superstar last year. The company continues to lose ground to Adidas, which passed the Jordan brand in U.S. sales in […]
Andy Clark/Reuters The demographic makeup of the US will change dramatically over the course of the next 10 years, and a new report from a group of Credit Suisse analysts led by Seth Sigman shows that those changes could have a big impact on consumer spending and the well-being of certain industries. According to the […]
Huang Chung Chih An aging population and its negative implications for the global economy has been a worry among economists for some time now. A shrinking working-age population, coupled with longer life spans and retirements, means there will be fewer working people around to carry the burden of supporting a larger non-working population. The world population above 65 years old […]
