So personal savings can only go so far for these individuals. At the same time though Social Security treat single women far less well than it does married women so they are not getting much help from that end of things either. Thats one reason i and others have proposed reforming Social Security to provide a flat universal benefit for all retirees regardless of income participation. On top of that individual would save in accounts provided through their employer or of not available through the government. This approach is qualitatively similar to that of the u. K. Australia canada and new zealand. In the u. S. Context you can affordably reduce the elderly poverty rate from todays level of roughly 9 to approximately 0 while increasing the Retirement Savings among the middle and high highincome workers who truly should be saving more. The lesson in all this is that there is no simple problem and no simple solution but a small if more complex problem is better in the retirement crisi cri
At seven pm eastern. Coming up, the Senate Finance Committee Hears testimony. Tax and retirement policy analysts speak about the gap between how much americans are saving and savings needed. This runs two hours. The finance committee will come to order. When you take a look at the state of Retirement Savings in america, america, it is clear that something is out of whack. The american taxpayer delivers 140 140 billion each year to subsidize retirement accounts, but still millions of americans nearing retirement have little or nothing saved. The fact is, the, the incentives for saving and the american tax code just are not getting to those in need them most. A pair of new studies spells out the issue. The Federal Reserve found last month that an employee with middle of the tax savings has about 59,000 set aside for retirement, yet according to the Government Accountability office some 9,000 taxpayers have ira accounts worth more than 5 million. It would take several lifetimes of work fo
The proposed rule is based on the early hundreds of studies that demonstrate the current standard is not protected. The studies employed multiple scientific methods and models as mentioned by previous speakers but the data are clear. The current ozone standard is not productive, protective of Public Health and the epa must issue a more protective standard. Thank you. Thank you very much doctor. Let me ask a few questions and let me start with dr. Weil nas. You have done some impressive work in rhode island studying heat related deaths and hospitalizations. Is ozone formulation, is ozone formation exacerbated by Climate Change in your view and what is the linkage between added heat and added ozone . Thank you senator for that question. At a local question in rhode island. In rhode island but we have looked at is the relationship between warm temperatures and extreme heat and the number of Emergency Department visits and deaths in the state of rhode rhode island and we have found a Stron
System and the industries that are so much part of the United States economy. Thank you for doing that. And i apologize, mr. Chairman, for going so far over my time. No thats fine. Senator murray do you have any closing remarks. Dr. Murray, well stated. Thank you for both of your testimony. This was a good hearing. Senator alexander, i look forward to working with you on that. Thank you. And dr. Collins, do you know off hand, you mentioned the success rate has declined over the years. What about the absolute number of grants . Has that gone up . The absolute number of grants that we fund versus that we receive. It has bounced around, it was 10,000 30 years ago it was id have to get you the number. I was trying to compare that to the success rate. But the biomedical community has grown. It would be interested to see that. Thank you to both of you. Thank you for being here. Very important that you were here and we thank you for your six years of service at fda. And i hope youll accept ou
Now on booktv Thomas Stanton argues the main difference between companies that successfully made it through the 2008 financial crisis and those that didnt was the willingness of upper management to listen to feedback before making decisions. This is about an hour and 15 minutes. Good afternoon and welcome to the cato institute. I am the director of Financial Regulation studies at cato. I am also honored to serve as moderator for todays book form. Reading press coverage of the financial crisis one comes across phrases such as banks did this and banks did that. These generalities, there was no response to the financial crisis or events that preceded it. To confirm took different approaches and several ceos and their boards made poor decisions, others made good decisions, prudent decisions and sometimes brilliant decision that not only saved their firms but about and to gain market share come out stronger than ever. In my own riding i tend to place considerable emphasis on the poor Public