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Martin Baily and Jacob Kirkegaard of the Peterson Institute in Washington, DC, reckon that raising actual EU retirement ages to the official age would offset the impact of an ageing population over the next 20 years.
ECONOMIST: Pensions: 70 or bust! | The
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According to Martin Neil Baily, a senior fellow at the Peterson Institute for International Economics in Washington, the "striking thing" about last year's report was that it painted a rosy view of the trade imbalance by focusing on the capital account surplus, rather than its inverse, the current account deficit.
FORBES: A Bush View Of The Economy
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"I think what they will talk about is not the exchange rate per se, but the importance in allowing market determination of exchange rates, " says Baily, who added that it is his opinion that the dollar probably needs to decline by another 15% to 20% in order to make a serious dent in the deficit.
FORBES: Magazine Article
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When Oregon had a Medicaid rationing scheme in place 18 years ago, a mother had her 7-year-old with leukemia on TV and said, This kid is going to die if you don't pay for a marrow transplant. (He did.) But, points out Mary Ann Baily, an economist at the Hastings Center for bioethics, rationing of scarce resources goes on right now.
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