2015年1月10日星期六

Retirement is for wimps

http://www.scmp.com/magazines/money/article/1039684/retirement-wimps


wimps /wɪmp/( person who is not strong, brave, or confident)

For example:
The challenges of life is not for wimps.
When facing a challenge of life, we are just like a wimp.

Japan's lower house passed legislation this month that would give private sector employees the right to keep working for another five years, up to 65. With the world's longest life expectancy, largest public debt and below-replacement birth rate, curbing spiralling welfare costs by keeping people in jobs longer may help defuse a pension time bomb that threatens to overturn or bankrupt governments in the developed world.

curbing /kɜːb/ to control or limit something that is not wanted
spiralling /ˈspaɪə.rəl/ If costs, prices, etc. spiral, they increase faster and faster

For example:
Curbing the rise in price is the main role of the government in this conservative year.

Delaying the retirement age is one way Japan can plug a shortfall in pension provisions, said Martin Schulz, a senior economist at Fujitsu Research Institute in Tokyo. The deficit is a result of benefit miscalculations made in the early 1970s that led to snowballing public debt, he said.

plug  /plʌɡ/ to fill a hole with a piece of suitable material




Examples for using the above new vocabularies:

The living costs are spiralling and the poor lives in a poorer condition.

Curbing the spending on the public expenditure is the only for Greece to handle the deficit of the government.
Importing the foreign workers can plug a shortfall in the labors of construction works.

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