Wanna be rappers smoked up investment money

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A group of rap-star wannabes blew a $130,000 marketing loan on drugs, first-class airplane tickets and cross-country trips to entertainment (Wanna be rappers smoked up investment money http://t.co/rfkmdKyb0v)…

Pádraig Floyd‘s insight:

Now, I wonder how the FCA would treat such treatment of ‘marketing allowances’?

See on www.kq103.com

Kaupthing pension trustees win £2m court battle

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Trustees of a pension scheme connected to the UK arm of defunct Icelandic bank Kaupthing Singer & Friedlander have won a high court battle for £2 million of pension assets (Kaupthing pension trustees win £2m court battle

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Chicago Sees Pension Crisis Drawing Near

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Beneath the signs of recovery is one of the most poorly funded pension systems in the nation, threatening to challenge the city’s finances for years to come. (RT @neilchawkins: A very dark cloud moves in over #Chicago: woefully underfunded #pensions.

See on www.nytimes.com

Detroit: Pensions, Racism and Bankruptcy | Economic Policy Institute

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Detroit workers are not to blame Detroit: Pensions, Racism and Bankruptcy | Economic Policy Institute http://t.co/UUIdM2k15C via @sharethis

Pádraig Floyd‘s insight:

Public sector pensions issues are no different on the other side of the pond. 

 

 

See on www.epi.org

Editorial: Reform judges’ pensions – ABQ Journal

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Editorial: Reform judges’ pensions
ABQ Journal
New Mexico’s retirement benefits for state employees are among the best in the country. However, in some respects judges and magistrates are treated even better than other public employees.

Pádraig Floyd‘s insight:

BONKERS

See on www.abqjournal.com

Tireless voice for pension security – Pensions & Investments

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Tireless voice for pension security
Pensions & Investments
Labor economist and pension reform advocate Teresa Ghilarducci got into pension issues by default. As a 19-year-old graduate student in economics, Ms.

Pádraig Floyd‘s insight:

Proof, were it needed, that the US pension system is also on it’s backside…

See on www.pionline.com