“Genworth Finds Buyer for Canadian Mortgage Insurance Unit,” by Allison Bell, ThinkAdvisor “A big asset manager has agreed to pay about $1.8 billion for Genworth Financial Inc.’s 56.9% stake in the Genworth MI Canada Inc. mortgage insurance business, Genworth announced today. The would-be buyer, Brookfield Business Partners L.P., hopes to close on the deal by Dec. 31, Genworth said. … Selling Genworth MI Canada could help Genworth move ahead with the China Oceanwide deal, Genworth said.”   LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Slow but steady progress.  
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“Alzheimer’s and dementia leading cause of death in England and Wales,” by Amelia Hill, The Guardian “With the numbers of people living with dementia in the UK expected to rise to 1 million by 2021, campaigners are urging the government to fulfill its pledges on adult social care, including publishing its long-awaited green paper. In his first speech as prime minister, Boris Johnson vowed to solve the UK’s social care crisis ‘once and for all,’ asserting that he would protect the elderly from the fear of having to sell their home to pay for the cost of care.”   LTC Comment (from Stephen
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“5 Cheapest Countries for Retirement (Some of Which May Surprise You),” by Marlene Satter, ThinkAdvisor “Some think of retirement as a last chance to do something nobody would expect, something different. But if there’s little retirement money saved, is it even possible? Well, be of good cheer, because GoBankingRates has looked into the matter to find places to spend retirement abroad. Using Numbeo, an online pricing database, to identify 50 countries that are the cheapest in the world to live during retirement, GoBankingRates ranked those countries by four key affordability metrics—and then measured each metric against what you would find in New York City.”   LTC Comment (from Stephen
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