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by: Ethan Huff (Natural News) Despite a bull market that’s been running strong for more than 10 years now, public pensions are in very serious trouble, as many states struggle to bring … Read more
by Mike Shedlock The amount owed to retirees accelerated faster than assets on hand despite a record bull market. The Wall Street Journal reports the Long Bull Market Has Failed to … Read more
via @TaviCosta: One can only imagine the level of risk retirement assets are exposed to these days.
Rich Dad Radio Show, Released on 3/27/19 Public pensions are often compared to the real estate bubble and student loan crisis. Robert talks to Ted Siedle, a pension investigator, who … Read more
bloximages.newyork1.vip.townnews.com/ilnews.org/content/tncms/assets/v3/editorial/3/64/364b5ab2-3f92-11e9-a710-933a60cb0ff9/5c7ef1ebd1faf.video.mp4 via ilnews: Legendary investor Warren Buffett said he wouldn’t “walk into liabilities” by expanding in states like Illinois or New Jersey, which carry billions in pension debt. In an interview … Read more
by Martin Armstrong The new proposal in Illinois is for the state to transfer its assets so that they are owned, not by the people, but by the state employees. These proposals … Read more
by Martin Armstrong At the current federal minimum wage of $7.25 per hour, working 40 hours per week, 52 weeks per year, yields an annual income of only $15,080. This is below the … Read more
Two pension plans in Fairfax County, Virginia are anchor investors in a new $40 million venture-capital fund, according to a statement from the company. Other investors include an insurance company, … Read more
by Dr. Eowyn PENSION (a) 11 states that don’t tax public and qualified private pensions: The states that are not on this list tax at least a partial amount or … Read more
via sacbee: Nobody is happy about PG&E’s bankruptcy filing, but California’s two biggest public pension systems are positioned to absorb losses on the utility’s stock without major repercussions. That’s because the pension … Read more
Photo by Bank of England | CC BY | Photoshopped from original From Birch Gold Group The pension crisis has been escalating for quite some time, and accounting for pension shortfalls seems next to … Read more
via Bloomberg: The 14 percent drop in the S&P 500 Index last quarter has big implications for state and local pension funds, which probably saw the value of their assets … Read more
by Jon Rappoport Alert to pension fund managers all over the planet—and to everyone else— “If 1,000 US and global pension fund managers start asking questions it could change everything … Read more
From Birch Gold Group A lot happened in 2018, and while it would be a challenge to cover them all, there are three big trends that appear to have defined this year economically. And, each … Read more
via fullmeasure: – It has between 3 to 5 million illegal immigrants. – 1/3 of the nation’s welfare recipients. – 1 in 4 of America’s homeless population. – 1 in 5 … Read more