In another report to the chancellor, David Miles, a financial economist at Imperial College, London, said that Britain's mortgage market is not working as well as it should.

ECONOMIST: No he can't

Imperial Germany in 1889 enacted the first pension plan, financed by equal contributions from employers and employees, largely because Chancellor Otto von Bismarck saw it as a method to wean the masses away from socialism.

CNN: A Debt-Threatened Dream