Retirement Living & Aged care
Need for medical professionals who serve seniors growing
When Janessa Cobb’s grandmother was bedridden for eight months by a severe infection, Cobb took on the equivalent of a crash course in caregiving. “Before taking care of her, I hadn’t had any reason to do it,” Cobb said. “Jumping in full force and having to learn everything was difficult. It put a lot of things into perspective.”
Government / NGO & Economy
Public sector reviewing rehiring terms for workers who turn 62
The public sector is reviewing the re-employment terms it offers its workers who turn 62. Talks are ongoing between the largest public sector union and the Public Service Division (PSD) to reduce wage cuts and extend medical benefits to workers it rehires. The talks between the Amalgamated Union of Public Employees (AUPE) and PSD are expected to end before Jan 1, when the re-employment law kicks in.
Finance & Investment
Euro crisis could affect Asia-Pacific: S&P
A WORSENING of the euro zone debt crisis would put heavily indebted Asia-Pacific countries’ sovereign ratings under pressure, according to global credit rater Standard & Poor’s. The crisis would also affect the region’s banks’ ability to extend credit, especially to the big companies.
7 ETFs For 3 Bull Market Uptrends
The prospects for corporate earnings haven’t mattered much to the markets in 2011. Instead, European debt news drives stocks dramatically higher or lower. Last week, stock assets tanked on less-than-anticipated demand for Italian bonds. This week, stocks skyrocket on better-than-expected desire for Spanish bonds.
Freehand offers investors a steady view of surgery innovation
When Jeremy Russell took the helm as chief executive of private medical equipment company Freehand in September 2011, his remit was to take a proven surgical innovation for keyhole surgery and introduce a sustainable new sales model.
General Age Related News
Better rehiring deals for older workers in private sector
Unlike the public sector, where re-employed older workers can get a pay cut of as much as 30 per cent, workers in the private sector tend to see cuts of 10 per cent to 20 per cent, said unionists. And unlike the public sector, not all private sector workers will suffer a reduction in pay when they are rehired on reaching the retirement age of 62.
Source: The Straits Times, Wednesday, 21 December 2011
