Postponing retirement can make financial sense, because extended careers can make it possible to afford retirements that last past age 90 or even 100. But a study out this month adds some caution to that calculation.
Americans in their late 50s already have more serious health problems than people at the same ages did 10 to 15 years ago, according to the journal Health Affairs.
U.S. Defense Secretary James Mattis was more reserved in his remarks, but did slam North Korea for defying U.N. Security Council resolutions against its nuclear and ballistic missile programs.
“North Korea’s provocations threaten regional and global security despite unanimous condemnation by the United Nations Security Council,” he said.
The showdown may come at the end of the week. Regional President Carles Puigdemont, who accused Rajoy of a “coup d’etat,” is set to be ousted by the Spanish government and his allies are signaling he could declare independence. The legislature in Barcelona, which is controlled by separatist parties, will convene on Thursday and Friday just as Rajoy is expected to win approval from the Senate for his crackdown.
Palladium Is the Anti-Tesla Bull Market (Tiffany D.)
The demand for palladium drove the price up to a point that it hasn’t seen since 2001. That is, the price of an ounce of palladium now costs more than an ounce of platinum.
As you can see in the chart below, this situation needed a rally of palladium while the price of platinum fell…
Reports over the weekend indicated that Tesla was close to finalizing a deal to produce in a free-trade zone in Shanghai. This would allow Tesla to keep its intellectual property secret but might force it to pay steep tariffs if it is not granted a special exemption — essentially, treating the cars as imports. Tesla had previously said it hoped to identify a production site in China by the end of the year.
Oil Shows Weakness, But Don’t Expect A Plunge (Michael K.)
Tension in the Middle East, combined with growing confidence in the likelihood of an OPEC extension, has very few analysts seeing a lot of downside risk. “The oil market is tightening gradually,” Tamas Varga, analyst at brokerage PVM Oil Associates, told Reuters. “OPEC is expected to roll over output restrictions for another nine months, supplies are at risk in the Middle East and U.S. inventories are falling.” Still, prices showed some weakness on Thursday and Friday, and benchmark prices are set to post a loss on the week. Without some major bullish or bearish catalysts, prices could bounce around for the next few trading sessions.
One resident said that by the time the first emergency alert came, the flames were already marching toward his house, leaving just minutes to escape. As their city became engulfed in flames, many residents frantically fled their homes. But some people were unable to escape, and in many cases, their remains have been recovered inside or near their homes.
It is remarkable that we need to rely on a study in Germany to see what is likely to have been happening worldwide: long-term surveys of this kind simply do not exist elsewhere. This failure reflects distorted priorities in the funding of science. There is no end of grants for research on how to kill insects, but hardly any money for discovering what the impacts of this killing might be. Instead, the work has been left – as in the German case – to recordings by amateur naturalists.
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