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

Why Illinois’ State Pension System Threatens Its Entire State Budget

No state has managed to avoid funding problems with their pensions, but if two states can be considered epicenters of the pension crisis, it would be Illinois and .....»»

Category: blogSource: valuewalkMar 11th, 2019

Illinois Hopes to Fix $134 Billion Pension Shortfall By Issuing More Debt

Back in December we noted that the lack of basic economic common sense by its politicians led the state of Illinois to a $134 pension shortfall. Now, the latest Democrat failing to understand simple math, and that the answe.....»»

Category: blogSource: zerohedgeFeb 21st, 2019

JPMorgan Expert: Illinois Bankruptcy Option Needed - True Debt, Pension, Health Costs Would Consume Half Of Revenue

JPMorgan Expert: Illinois Bankruptcy Option Needed - True Debt, Pension, Health Costs Would Consume Half Of Revenue.....»»

Category: blogSource: zerohedgeOct 10th, 2018

Illinois Breaks Pension-Debt Record For US States

Authored by Adam Schuster via, According to a new report by Moody’s Investors Service, Illinois’ unfunded pension liabilities equaled 601 percent of state revenues in.....»»

Category: blogSource: zerohedgeSep 1st, 2018

We Have A Huge Debt Problem In Illinois: Bruce Rauner

Gov. Bruce Rauner, (R-Ill.), on the state’s mounting pension crisis. Q1 hedge fund letters, conference, scoops etc, Also read Lear Capital: Financial Products You .....»»

Category: blogSource: valuewalkJun 25th, 2018

CalPERS Votes To Move Forward With Its New Private Equity Plan

The California Public Employees' Retirement System (CalPERS) manages the largest public pension fund in the United States. read more.....»»

Category: blogSource: benzingaMar 20th, 2019

401(k)s versus 403(b)s

Teachers Deserve Better From Retirement-Plan System How U.S. pension laws cheat employees of nonprofit organizations. Bloomberg, March 15, 2019       How is it possible that two variations of tax-deferred r.....»»

Category: blogSource: TheBigPictureMar 20th, 2019

A Debt-Riddled System That Is Hitting The Wall

A Debt-Riddled System That Is Hitting The Wall.....»»

Category: topSource: seekingalphaMar 15th, 2019

Gundlach Lashes Out At "Crackpot" MMT Used To Justify "Massive Socialist System"

If US debt is at $22 trillion and interest rates can barely rise above 2.60%, why can't the US have $222 trillion in debt? Or 2 quad.....»»

Category: blogSource: zerohedgeMar 13th, 2019

HOA Fines Honda Owner After Snow Dusting Leaves Suggestive Shape in Parking Lot

Weirdest. Penalty. Ever. A lot of people aren’t fans of home owner associations. And who can blame them? But a Tennessee resident might hold claim to the most ridiculous HOA violation of the year, possibly the de.....»»

Category: europeSource: fortuneFeb 27th, 2019

Ahead of Trade Resolution China Ramps up Economic Support

China met its target for reducing debt levels but will keep cracking down on riskier types of financing to contain risks to its financial system, the banking and insurance regulator said Mo.....»»

Category: topSource: livetradingnewsFeb 25th, 2019

Federal Reserve Report Highlights "Resilient" Financial System

The Federal Reserve said Friday the U.S. financial system remains “substantially” safer than before the 2007-09 recession but noted a significant expansion in business debt and weaker lending standards......»»

Category: smallbizSource: wsjFeb 23rd, 2019

Illinois Doubles Minimum Wage To $15 An Hour

As if Illinois sky-high taxes, outsize cost of living and teetering public pension fund weren't enough reasons for people and business to flee the state (it suf.....»»

Category: blogSource: zerohedgeFeb 20th, 2019

Illinois Considering "Asset Transfers" To Pensions: Be Afraid

Submitted by Mark Glennon of Wirepoints Governor JB Pritzker’s administration has now made clear it will seriously consider the latest idea to address Illinois’ pension crisis – transferring public assets directly.....»»

Category: blogSource: zerohedgeFeb 20th, 2019

Trifecta Of Folly: Pritzker Admin"s Pension Plan For Illinois Will Center On The Three Worst Ideas Available

Authored by Mark Glennon via, Deputy Governor Dan Hynes today released the first details o.....»»

Category: blogSource: zerohedgeFeb 16th, 2019

Impactive Capital Receives Startup Capital From CalSTRS

A new activist fund launched this week with startup capital from the California State Teachers’ Retirement System (CalSTRS) – only the second fund the pension fund has helped get started in the past decade. Impactive Capi.....»»

Category: blogSource: valuewalkFeb 15th, 2019

NJ Pension Fund Might Ditch Enquirer Owner As Bezos Blackmail Backlash Intensifies

As federal prosecutors explore whether National Enquirer publisher AMI broke the law by allegedly trying to blackmail Jeff Bezos, the world's .....»»

Category: blogSource: zerohedgeFeb 14th, 2019

Natural gas becomes a competitive alternative for commercial customers

Clearwater Gas System turned to its own product – natural gas – to cut carbon emissions and electrical use when it broke ground earlier this year on a new facility — a $27.5 million complex with six buildings and roughly 57,000 square feet of.....»»

Category: topSource: bizjournalsFeb 14th, 2019

Moody"s downgrades Montco health system"s debt rating

Moody's Investors Service has downgraded Holy Redeemer Health System's bond rating to Ba1 from Baa3 and maintained its negative rating outlook for the Montgomery County-based health care provider. The rating action affects about $45.8 million in r.....»»

Category: topSource: bizjournalsFeb 12th, 2019

CalSTRS backs new activist hedge fund Impactive with $250 million

The California State Teachers' Retirement System (CalSTRS), the second largest U.S. pension fund said on Monday it made a $250 million investment with Impactive Capital, a new activist hedge fund that expects to start trading next month......»»

Category: topSource: reutersFeb 11th, 2019