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Los Angeles Schools Facing $15 Billion Debt for Retiree Health Care

Reason (blog)9 minutes ago

The district’s so-called OPEB liability—that’s actuarial jargon for “other post-employment benefits,” which includes the cost of medical, dental, and other health care benefits that fall outside the traditional pension system—has climbed from $13.5 billion in 2015 to $14.9 billion in 2017, according to the report, a copy of which …

South Korea Debt-to-GDP Ratios Surpass Tipping Point

Financial Tribune17 hours ago
The company suggested a $2.7 billion debt-for-equity swap and $2.8 billion in investment over the next 10 years in return for financial aid through the KDB. GM also claimed that GM Korea may file for court receivership on Friday this week if it fails to reach an agreement with the labor union. The US automobile giant said …
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