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By Lawrence Ferlinghetti
$22.95
By Morris Dickstein
$19.77
$17
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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
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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
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kenteegardin (CC BY-SA 2.0)
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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
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Bill Day, Cagle Cartoons —
Posted on Mar 11, 2013
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“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
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By Kelly Johnson —
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.
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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.
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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.
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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.
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By Marie Cocco — 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.
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