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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

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

Brazilians Denounce Their Leader, But Economists Offer Praise

President Michel Temer, who will step down after October elections, reversed a recession and tamed inflation but failed to overhaul a troubled pension system......»»

Category: topSource: wsjAug 16th, 2018

$125,000: The Pension-Debt Each Chicagoan Is Really On The Hook For

$125,000: The Pension-Debt Each Chicagoan Is Really On The Hook For.....»»

Category: blogSource: zerohedgeAug 15th, 2018

Turkey"s Banks Bear Weight of Currency Crisis

Turkey’s banking system is chock full of foreign currency debt to companies. Borrowers who took out loans in U.S. dollars and euros will see the value of their payment obligations skyrocket in lira terms. A slowing economy will also intensify the pain......»»

Category: topSource: wsjAug 14th, 2018

Retired and broke

Bankruptcy filings are on the rise among older Americans because of reduced income, increased health-care costs, rising debt and inflation......»»

Category: topSource: washpostAug 13th, 2018

The Wall Street Journal: Turkey needs foreign funds as short-term debt looms

Turkey’s embattled financial system needs foreign investors. Its plunging currency shows only the bravest are choosing to stick around......»»

Category: topSource: marketwatchAug 2nd, 2018

Hawaii state pension fund names new chief investment officer

The Employees’ Retirement System of the State of Hawaii named Elizabeth Burton its new chief investment officer, replacing Vijoy Chattergy, who left the $16.5 billion public workers pension in February. Burton, who is the managing director of t.....»»

Category: topSource: bizjournalsAug 1st, 2018

How the new economy leaves millennials saddled with debt and doubt

Alissa Quart assesses the setbacks millennials suffer in the new world of work......»»

Category: topSource: washpostJul 27th, 2018

America"s Social Security system is going broke — here"s what to do before you retire

Allison Shelley/Getty Images Social Security funds in the US are poised to run out of money by 2034. There aren’t enough people in the work force to sustain the program over the l.....»»

Category: topSource: businessinsiderJul 15th, 2018

NerdWallet: How to have fun with friends without going broke

You do not have to spend your Saturday nights alone as penance for racking up debt or having paltry savings......»»

Category: topSource: marketwatchJul 9th, 2018

The Illinois town where Trump"s tariffs have provided jobs, and a sigh of relief

Grab a cup of coffee with a resident of Granite Ci.....»»

Category: topSource: chicagotribuneJul 6th, 2018

The US pension system just underwent a stress test — and the results reveal a dire situation

Tyler Evert/AP New Jersey and Kentucky state pension systems have the highest insolvency risk. Those stat.....»»

Category: topSource: businessinsiderJun 26th, 2018

How sky-high deductibles broke the U.S. health insurance system

When Carla Jordan and her husband were hit with a c.....»»

Category: topSource: latimesJun 26th, 2018

Sky-high deductibles broke the US health insurance system

Employers are questioning a system they say costs patients too much......»»

Category: topSource: moneycentralJun 26th, 2018

Sky-high deductibles broke the US health insurance system

Employers are questioning a system they say costs patients too much......»»

Category: topSource: moneycentralJun 26th, 2018

Sky-high deductibles broke the U.S. health insurance system

Employers are questioning a system they say costs patients too much......»»

Category: topSource: moneycentralJun 26th, 2018

Italy Leaves Merkel Stunned, Demands Europe Rip Up Existing Migrant System

In our preview of Sunday's now-concluded emergency EU meeting on refugee policy which the FT dubbed "The summit to save Merkel", we said that the German chancellor fat.....»»

Category: blogSource: zerohedgeJun 24th, 2018

Kangaroos Are Getting So "Drunk" on Grass That They Have To Be Put Down

Phalaris grass intoxication leaves kangaroos stumbling around and can cause damage the central nervous system, or sudden death......»»

Category: topSource: newsweekJun 21st, 2018

Calpers votes to pay next investment chief up to $1.77M

The California Public Employees’ Retirement System, the largest U.S. pension, voted Tuesday to offer the next chief investment officer as much as $1.77 million a year in compensation......»»

Category: topSource: moneycentralJun 19th, 2018

Illinois American Water to spend $650K to upgrade Lincoln District 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: theflyonthewallJun 15th, 2018