Those government retirement systems are sitting on mountains of debt. There’s $144 billion in debt just in the five statewide systems, by the state’s conservative estimate, or $261 billion by
Home Builder builds 124 homes doesn’t sell them to individuals, but bundles them, and sold them for 32 million dollars for a giant rental cash flow. … Home Builders to
by Mary Malone via Mises Enivronmental, social, and governance (ESG) investing, although rooted in an older concept known as “socially responsible investing,” has been more and more on the rise in
Uber is to guarantee its 70,000 UK drivers a minimum hourly wage, holiday pay and pensions after a landmark supreme court ruling. The ride-hailing app said drivers would start benefiting
by Ted Dabrowski via Zero Hedge You can’t help but call it a Ponzi scheme. Not if you look at Chicago’s collapsing demographics and consider how they’re threatening the solvency of
by Ted Dabrowski and John Klingner of WirePoints You can’t help but call it a Ponzi scheme. Not if you look at Chicago’s collapsing demographics and consider how they’re threatening the
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
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
via alec.org: Unfunded liabilities in public pension plans continue to loom over state governments nationwide. If net pension assets are determined using more realistic investment return assumptions, pension funding
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
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
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
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,
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
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