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The Guardian (blog) The Disastrous Consequences of Raiding Public Pensions CounterPunch Detroit’s bankruptcy and a high profile lawsuit in San Jose highlight a national effort led by fiscal conservatives to undo the basic promise embodied in public…
See on www.counterpunch.org
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For all our UK readers, who hope some day to collect pension benefits, we have two messages: i) our condolences, and ii) you won’t. Why?
See on www.zerohedge.com
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Pensions minister Steve Webb will spend a day as an apprentice at online stock broker Hargreaves Lansdown.
See on citywire.co.uk
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This amount equals 15% of Detroit’s total annual all-source revenues estimated at $1.49 billion this year, and Orr agreed to do it while defaulting on pension bonds. This $225 million is not a debt; rather it represents 75% of …
See on investmentwatchblog.com
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Last week yet another missive on the lessons to be learned from Detroit’s bankruptcy was published, this time in Forbes Magazine by Jeffrey Dorfman, an economist at the University of Georgia.
See on www.flashreport.org
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SNP ministers have been accused of refusing to face reality over the pensions “turmoil” independence would cause charities and universities after they continued to blame the UK Government.
See on www.telegraph.co.uk
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