Business and financeButtonwood's notebook

The “I’ve paid in all my life” fallacy

SOCIAL security is often described as the “third rail” of American politics—touch it and you die. Britain’s prime minister has just tied herself into a tangle over the way to fund long-term care for the elderly.

The problem is made more difficult because of the way that such benefit schemes were established and marketed to the public—as insurance schemes in which what you receive in benefits relates to what you put in. When pension schemes were set up by Franklin Roosevelt (pictured left) in the 1930s or in Britain, by David Lloyd George (pictured, right) in the Edwardian era, the insurance notion was something people could easily grasp (private schemes already existed) and could be seen as fair. 

This was fine in the early years of such schemes when the number of people contributing was far greater than the number of people taking benefits. But as our societies age, the costs rise and the inadequacy of…Continue reading

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IDG Contributor Network: Why I’m worried about Microsoft Teams deployment

I did a deep dive into the features in Microsoft Teams, which is essentially a collaborative chat application for Office users (a.k.a., a Slack competitor).

I wanted to find out what it’s like to use Teams with an actual team for actual work. Fortunately, I’ve started doing some work with a local college — I’m mostly there to help with mentoring and development. It’s a team of around 12 people, and I’ll have more findings to share in the coming weeks, but there’s one initial concern.

I’m starting to wonder if people will “get” how to use Teams.

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