The New York Times has an extensive article on how companies are exploiting big data analytics to create competitive advantages. The key take away from the article is: In business, economics and other fields … decisions will increasingly be based on data and analysis rather than on experience and intuition. We can start being a lot …
The California State Teachers’ Retirement System (Calstrs), the second largest public pension fund in the US, reduced its assumed rate of return from 7.75% to 7.5%. Calstrs is a $145 billion fund. According to Bloomberg, only 3 of the 11 U.S. pension funds with assets of more than $50 billion have reduced their assumptions since 2007-08.
Here is a classic Youtube video on the history of life expectancies throughout the world :
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