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Income, education tied to physical function in old age: study

NEW YORK: People with lower socioeconomic status may have fewer years of good physical functioning in old age than their more affluent, educated counterparts, a recent study suggests. Researchers examined data on socioeconomic status, chronic medical problems, and walking speed – a proxy for physical functioning – for 109,000 adults ages 45 to 90 from 24 countries in Europe, the U.S., Latin America, Africa and Asia. Socioeconomic status includes income, education and occupation and offers a snapshot of how class shapes…

Spend more on schooling to reduce inequality, IMF says

WASHINGTON: Tackling disparities in education is crucial to reducing global income inequality, the International Monetary Fund said on Wednesday, urging governments to spend more on schooling for disadvantaged children. In a report, the IMF said that over the past three decades, 53 percent of countries had become more unequal but experiences varied widely. Global inequality fell -- principally as India and China experienced swift economic growth -- but in wealthier countries the divide between rich and poor had…

Messi remains world’s top paid footballer

PARIS: Argentina and Barcelona star Lionel Messi remains the world's highest paid footballer with an annual income of 74 million euros ($84.3 million, £59.3 million), according to a report set to appear in Tuesday's edition of France Football magazine.