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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

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 IllinoisPolicy.org, 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 holds health premium increases to 21-year low

For over 1.4 million individuals who receive benefits through the California Public Employees' Retirement System, health care premiums will rise in 2019 at the lowest rate in 21 years, according to a recent analysis from the pension plan......»»

Category: topSource: bizjournalsOct 17th, 2018

5 fun and thrifty things to do this fall

Just because the leaves start to fall every autumn, doesn’t mean you have to fall into debt. Buzz60&apos.....»»

Category: topSource: usatodayOct 16th, 2018

World economy at risk of another financial crash, says IMF

Debt is above 2008 level and failure to reform banking system could trigger crisis.....»»

Category: topSource: moneycentralOct 5th, 2018

Huge Facebook breach leaves thousands of apps vulnerable

The breach that compromised 50m accounts took advantage of ‘tokens’, a system used by third-party platforms such as Spotify and Pinterest.....»»

Category: topSource: moneycentralOct 3rd, 2018

Huge Facebook breach leaves thousands of other apps vulnerable

The breach that compromised 50m accounts took advantage of ‘tokens’, a system used by third-party platforms such as Spotify and Pinterest.....»»

Category: topSource: moneycentralOct 3rd, 2018

India Takes Over Shadow Lender to Save System From "Lehman Moment"

The Indian government is taking over and investigating struggling shadow lender, Infrastructure Leasing & Financial Services, to try to keep its debt problems from destabilizing the country’s financial system.....»»

Category: topSource: wsjOct 1st, 2018

How To Invest In A Market Due For A Hard Landing

Authored by Vitaliy Katsenelson via RealInvestmentAdvice.com, I simply don’t trust the fundamentals of the global economy right now. The system is built on quicksand. Debt is growing globally and governments are running huge deficit.....»»

Category: blogSource: zerohedgeSep 27th, 2018

California official wants probe of pension chief"s education

California state Treasurer John Chiang on Wednesday called for an independent investigation amid questions about the educational background of the head of the nation's largest public pension system......»»

Category: topSource: foxnewsSep 26th, 2018

Terry Crews" unusual strategy rescued him from credit card debt

Terry Crews remembers being broke and borrowing money almost a dozen times from a friend, who finally one day said enough’s enough. .....»»

Category: topSource: moneycentralSep 21st, 2018

Guggenheim restructuring team looks to municipal debt, derivatives

Guggenheim Partners, which recently merged its restructuring business with Millstein & Co., sees opportunities in helping struggling local government creditors as budget impasses and pension... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkSep 19th, 2018

America"s Fake-Money System: Honest Work For Dishonest Pay

Authored by Economic Prism's MN Gordon, annotated by Acting-Man's Pater Tenebrarum, Misadventures and Mishaps Over the past decade, in the wake of the 2008-09 debt crisis, the impossible has happened.....»»

Category: blogSource: zerohedgeSep 16th, 2018

It"s Not The Economy, It"s The Bad Money Stupid!

Authored by Chris Martenson via PeakProsperity, Our debt-based fiat money system poses an existential threat... We’re all going to have to be a lot more r.....»»

Category: blogSource: zerohedgeSep 16th, 2018

Giant pension fund under fire for hiring CEO without a degree

Marcie Frost did not claim to have a college degree when she applied to lead the California Public Employees' Retirement System in 2016. .....»»

Category: topSource: moneycentralSep 14th, 2018

US" biggest pension fund under fire for hiring a CEO without a college degree

Marcie Frost did not claim to have a college degree when she applied to lead the California Public Employees' Retirement System in 2016. .....»»

Category: topSource: moneycentralSep 14th, 2018

Colorado"s public-pension system on track to stability after last-minute reform

Slated to be fully funded in 78 years, it's now on track to reach that milestone in 30......»»

Category: topSource: bizjournalsSep 13th, 2018

Cirque du Soleil audience sprayed with oil, show canceled

A Cirque du Soleil performance in Washington state ended abruptly when a hose on a hydraulic system broke and sprayed audience members with what the theatrical company says was vegetable-based oil......»»

Category: topSource: foxnewsSep 8th, 2018

A Broke Chinese City Is Raked Over the Coals by Furious Citizens

A splurge in debt-fueled development that began nearly a decade ago in the southern Chinese city of Leiyang has become a headache for government leaders and drawn the ire of the public......»»

Category: topSource: wsjSep 4th, 2018