Retirement

Which DC olds should be put out to pasture?

Supreme Court Justice Sonia Sotomayor is at the nice old age of sixty-nine. Considering the average age of a US senator is sixty-five, she’s essentially in the prime of her political life. But that hasn’t stopped the growing calls for her resignation.   Connecticut senator Richard Blumenthal, who himself is seventy-eight, recently compared the justice to a pile of bones. “The old saying — graveyards are full of indispensable people, ourselves in this body included,” Blumenthal told NBC on Wednesday. He’s worried that unless Sotomayor steps down, the court will be left with a RBG repeat and the ascension of another conservative judge.

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The end of American retirement

Cockburn has been mulling over in his mind a gloomy new report about his retirement prospects. “In a July poll conducted jointly by Axios and Ipsos,” the Hill writes, “29 percent of workers under fifty-five answered a retirement query with, ‘I don’t think I will ever retire.’ Asked why not, three-quarters of the never-retire group said they could not afford to stop working. A smaller share said they didn’t want to.” With inflation doing a number on folks’ 401ks and future inflation fears rising, Cockburn is not surprised by people’s responses to this poll (except for those who don’t want to stop working — seek mental evaluation). Still, he wonders: what does our future workforce look like if it’s composed of geriatric personnel refusing or unable to retire?

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Tom Brady may have finally found his sunset

At long last, Father Time and the Dallas Cowboys have caught up to Tom Brady. When the seven-time Super Bowl-winning quarterback retired for 40 days in early 2022, there were ample reasons to believe it would be short-lived. Brady, like any athlete thought to be the GOAT in their particular sport, is a hypercompetitive freak. What's more, he was coming off a season in which he led the defending champion Buccaneers to a 13-4 record, topped the NFL in passing yards and touchdowns, and was only narrowly eliminated by the team that ended up winning it all that year — all at the age of 44. It would be nigh impossible to look at Tom Brady's football résumé and think he has unfinished business.

Report: baby boomer CEO exits on the rise

The number of CEOs leaving US companies surged in November, according to a new report. There were almost 100 exits for the month, roughly twenty more than were reported in October. The report, from global outplacement firm Challenger, Gray, & Christmas, Inc., shows that these exits were not replacements or instances of “stepping down” to pursue other opportunities, either. For thirty-seven of the executives, retirement was the primary reason for leaving, the most retirements in a single month since January 2020. The larger trend of CEO exits may have some staying power, too. Andrew Challenger, the firm's senior vice president, predicts, “We may begin to see large numbers of CEO changes as we enter 2023 amid an economic downturn.

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Woody Allen’s non-retirement retirement

Even if you ignore the endless controversies associated with him, it is undeniably true that Woody Allen has lost his touch. With the partial exceptions of Midnight in Paris and Blue Jasmine, the director has not made a good film since the early '90s. The last few pictures he's made — Rifkin’s Festival, A Rainy Day In New York, and the like — have been seen by so few people that they seem more like self-indulgent home movies than commercial works. Therefore, it comes as no surprise that, announcing his fiftieth film, the Paris-set crime thriller Wasp 22, Allen, at the age of 86, also allegedly said that he expects it will be his last picture. He told the Spanish newspaper La Vanguardia, "My idea, in principle, is not to make more movies and focus on writing.

Let the president play on the beach or the golf course

Every president is criticized, sooner or later, for taking too many days off, for lounging around when we’ve hired him to work. Since the media hates Republicans, that criticism is usually directed at them, but even some liberal publications have noticed that — shock! — Democratic presidents play golf, too. That criticism, most recently in Amber Athey’s article in The Spectator, is wrong. It misses the bigger, more important issues — and not just because our country would be well served if most presidents did less, not more. It’s fun to compare the President with Ferris Bueller’s Day Off, but there are three problems with criticizing presidents for escaping to their beach house in Delaware or their ranch in Texas or California.

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Joe Biden’s day off

Joe Biden may be the leader of the free world, but that hasn't stopped him from taking retirement. The President seems to hardly do much of anything, between frequent press lids before 3 p.m., outsourcing the most serious domestic challenge of his presidency to Vice President Kamala Harris and trips nearly every weekend to his home in Delaware (Joe is less confused upon waking when he gets to sleep in his own bed, you see). Occasionally playing hooky is no big deal when you're in a dead-end 9 to 5, but Biden has decided to take a random weekday off being commander-in-chief to celebrate his wife's birthday. The pair flew to their shore home in Rehoboth Beach, Delaware on Wednesday night and will stay through Thursday.

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Battle for the boomers

This year’s presidential election may see a new pattern that may prove disastrous for the GOP. Former vice president Joe Biden appears on track to win an impressive share of the oldest voters, without losing support among the young.The relationship between age and political party preference is not linear, but for many election cycles older voters have been, on average, more Republican than younger voters. According to exit polls, in 2016 voters age 65 and older gave Donald Trump 52 percent of their votes. In 2012, Mitt Romney won 56 percent of this cohort.The correlation between age and vote choice gives the Democrats a compelling narrative.

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