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Broke Illinois Pension System Leaves Every Resident With $11,000 Of Debt

The Illinois state pension system is in a mess.  For those unfamiliar, here's a quick recap: Illinois (rate just one notch .....»»

Category: blogSource: zerohedgeMay 16th, 2018

How a $9 billion startup deceived Silicon Valley

John Carreyrou of The Wall Street Journal broke the original story about how Theranos, a company that pitched a revolutionary blood-testing system, was misleading investors, patients, and busin.....»»

Category: topSource: businessinsiderMay 23rd, 2018

Con Ed"s steam system is in line with city"s greenhouse-gas goals

To the editor: In Daniel Geiger’s May 14 article that critiques the energy profiles of some of the city's newer buildings ("High-end condos are eating up energy"), he leaves the reader with a... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 19th, 2018

State Pension Crisis Strikes All Property Owners In Illinois

It may be tempting to think that only pensioners are being affected by the nationwide pension crisis, but that’.....»»

Category: blogSource: valuewalkMay 18th, 2018

The Wall Street Journal: Investment chief at pension giant Calpers will leave in 2018, latest in series of departures

The investment chief of the nation’s largest public pension says he’ll leave his post by the end of the year, the latest in a series of executive departures for the California Public Employees’ Retirement System......»»

Category: topSource: marketwatchMay 14th, 2018

‘Akin to a Dictatorship.’ Huge Pension Fund Calls on Mark Zuckerberg to Drop Facebook’s Dual-Class Share System

Mark Zuckerberg is currently in an unassailable position. The U.S.’s second-largest pension fund has called on Facebook to end the dual-class sha.....»»

Category: europeSource: fortuneMay 10th, 2018

Giant California teacher pension system targets gun sellers

The world's .....»»

Category: topSource: foxnewsMay 9th, 2018

Illinois American Water to invest over $1M to upgrade Sterling"s water system

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 8th, 2018

Millennials are finally going to get a break from a retirement system that has been rigged against them for decades

(Photo by Mario Tama/Getty Images) There has been a seismic reversal in retirement saving patterns in the UK. In 2012, fewer than half of Brits were able to save for retirement. Now 71.4% are enrolled in a pension plan of some kind, thanks to a new l.....»»

Category: topSource: businessinsiderMay 8th, 2018

Course change on commercial waste leaves everyone unhappy

Three years ago Mayor Bill de Blasio announced that the city would look into a radical new system for the private pickup of commercial waste. Exclusive collection zones, his plan suggested, might... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 8th, 2018

Letter to BS: India"s complex foreign debt policy must be reformed

First, the RBI's legal mandate is to regulate the issue of bank notes, maintain monetary stability and operate currency and credit system to India's advantage.....»»

Category: topSource: business-standardMay 7th, 2018

Boeing Offer for Aircraft Parts Firm KLX Leaves Shareholders Cool

Boeing has agreed to acquire the aircraft parts and services business of KLX for a total of about $4.25 billion including KLX debt. Shareholders don't seem too crazy about the offer......»»

Category: blogSource: 247wallstMay 1st, 2018

CalPERS Board Spat Heats Up As Pension Giant Feels The Squeeze

The board of California Public Employees’ Retirement System.....»»

Category: blogSource: valuewalkApr 30th, 2018

Dysfunctional CalPERS Board Distracted By Petty Squabbling As Fund Lurches Toward Bankruptcy

California's perennially underfunded pension system is struggling with an internecine conflict among its governing board members that some observers worry could impact the fund's performance as it goes all.....»»

Category: blogSource: zerohedgeApr 29th, 2018

IRD: "The System Will Have To Collapse"

Via InvestmentResearchDynamics.com, The public pension fund system is approaching apocalypse.  Earlier this week teachers who are part .....»»

Category: blogSource: zerohedgeApr 22nd, 2018

PFRDA makes bank account, mobile number mandatory for NPS subscribers

PFRDA takes various initiatives from time to time in order to simplify and improve the operational issues in National Pension System.....»»

Category: topSource: business-standardApr 20th, 2018

Kentucky Teachers Want A Taxpayer Bailout

Authored by Troy Vincent via The Mises Institute, The Kentucky state workers’ pension system is by some measures the worst funded pension in the entire country with an estimated $70 billion dollars of unfunded liab.....»»

Category: blogSource: zerohedgeApr 19th, 2018

Lawmakers call for split of SIU system

Two Illinois lawmakers are calling for a split between Southern Illinois University - Edwardsville and Southern Illinois University - Carbondale. Rep. Jay Hoffman, D-Swansea, and Rep. Katie Stuart, D-Edwardsville, introduced legislation that would.....»»

Category: topSource: bizjournalsApr 17th, 2018

The First Domino Falls In Illinois... 400 More Funds To Follow

Authored by Ted Dabrowski and John Klingner via WirePoints.com, You’d be mistaken to think Harvey, Illinois has a unique pension crisis. It may be the first, and its problems may be the most severe, but the reality is the mess is everywhere, from E.....»»

Category: blogSource: zerohedgeApr 16th, 2018

Capitol Report: Paul Ryan is just two years away from collecting a federal pension — here’s how much he’ll get

Paul Ryan stands to collect an annual pension of nearly $85,000 after he leaves Congress......»»

Category: topSource: marketwatchApr 16th, 2018

Fighting inside South Carolina maximum-security prison leaves 7 inmates dead, 17 injured

AP Fighting between inmates inside a maximum security prison in South Carolina led to seven inmates dead and 17 others injured. No officers were wounded in the fights that broke out on Sunday night. COLUMBIA, S.C. (AP) — Sev.....»»

Category: topSource: businessinsiderApr 16th, 2018