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Tag: Pensions


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In Chicago, You Have to Pay to Play With Public Money

In America, there is regular ol’ corruption, and then there is Chicago Corruption, with a capital “C.”

Posted on Apr 11, 2014 READ MORE


Pensions

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Posted on Dec 7, 2013 READ MORE



Ann Millspaugh (CC BY-SA 2.0)

Broken Promise: Bankruptcy Judge Says Detroit Can Cut Pension Payments

In a perverse case of making the victim pay for the crime, a federal bankruptcy judge says the city of Detroit can renege on pension promises. Experts say the decision could be a template for other governments seeking to get out from under obligations.

Posted on Dec 4, 2013 READ MORE


How Rich People Create Jobs

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GOP politicians cut taxes for rich people and big corporations. Rich people use the money they would have spent on taxes to hire part-time, low-wage workers. Workers manufacture products for rich people to sell. Products don't sell because low-wage workers have little money, pension or social security. Rich people lay off workers and keep the money.
Posted on Dec 3, 2013 READ MORE


Pension Reform

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Posted on Nov 30, 2013 READ MORE


The Plot Against Pensions

As state legislatures prepare for their upcoming sessions, you will no doubt hear a lot about public pensions.

Posted on Oct 10, 2013 READ MORE


School Budgets

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Posted on May 6, 2013 READ MORE


Sen. Sanders Lays Into Obama for Attacking Social Security

The senator stood before a crowd of retirees, veterans and their supporters Thursday to point out that the president’s proposal for a “Chained CPI” adjustment to the calculation of retirement benefits would wreak destruction on the lives of elderly and disabled Americans.

Posted on Apr 13, 2013 READ MORE


Broke L.A. Cuts Million Dollar Checks to Cops and Firefighters

A little-known pension scheme in the City of Angels lets public safety workers double-dip at the taxpayers’ expense.

Posted on Mar 22, 2013 READ MORE



kenteegardin (CC BY-SA 2.0)

Workers Can’t Save Enough to Retire

A survey found that more than half of Americans have less than $25,000 in savings and investments excluding their homes, while 28 percent doubt they will have enough money to retire comfortably—a high in more than two decades of study.

Posted on Mar 19, 2013 READ MORE


Pensions

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Posted on Mar 12, 2013 READ MORE


Happy Tears

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Posted on Mar 11, 2013 READ MORE


Pensions

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Posted on Jan 29, 2013 READ MORE


‘It Doesn’t Have to Be This Way’

“How do you expect this to play out over the next few years?” host Thom Hartmann asked economist Michael Hudson on “The Big Picture” this week. “That’s what everybody’s wondering,” Hudson replied. “The economy is going to shrink and shrink and shrink, and the question is whether people are going to go out in the streets ... or whether there’s going to be an actual response saying it doesn’t have to be this way.”

Posted on Jan 12, 2013 READ MORE



Corporate Wolf Eats Grandmother Alive

Ellen E. Schultz’s “Retirement Heist: How Companies Plunder and Profit From the Nest Eggs of American Workers” reveals how fleecing the elderly is just business as usual for corporations. If the retirement industry isn’t reined in, she concludes, we’ll be right back where we were in the 1930s.

Posted on Dec 2, 2011 READ MORE


These Public Employees Are Not Overpaid

While Wall Streeters continue to rake it in, there’s a movement afoot to redirect the public’s rage against the humble public employee. These hardworking folks don’t look like the greedy opportunists they’ve been smeared as.

Posted on Jan 6, 2011 READ MORE



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Greeks Take to the Streets

Thousands of angry Greeks took to the streets on May Day, protesting a wave of wage cuts, tax increases and pension reductions implemented to deal with the country’s growing debt crisis.

Posted on May 1, 2010 READ MORE


Some Banks Are Seizing Social Security Payments

As if the American people weren’t hurting enough, some banks have been seizing Social Security, disability, veteran and pension benefits from account holders in order to pay off debts, despite federal regulations protecting such funds. A group of legislators has been pressuring the Treasury Department to close the loophole that allows these heinous acts.

Posted on Jun 1, 2009 READ MORE


Retirees Wake Up to a Swindle

The essential fallacy of the 401(k) has been exposed. It took a historic market collapse—one that threatens to impoverish workers already in retirement and those who are nearing it.

Posted on Oct 13, 2008 READ MORE


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