Independent thinking for complex markets and current events
USPS suspends contributions to employee pensions after warning of "cash crisis." https://t.co/lDumyrmfGD — CBS News (@CBSNews) April 9, 2026 The U.S. Postal Service is suspending its contributions to the Federal Employees Retirement System, a pension plan for its workers and other civil servants, as the agency struggles with mounting losses that put it at …
5 largest U.S. cities don’t have enough money to pay bills. At the end of fiscal 2024, all five cities didn’t have enough money to pay their bills despite having balanced budget requirements. In order “to claim their budgets were balanced, as is required by law in the five cities, elected officials” didn’t include “the …
California will be bankrupt by 2030. If you’re expecting a state pension, it is at risk. If you don’t believe it, check Grok or Gemini and explore how California politicians changed the reporting rules on your pension so they could hide how underwater it is. The middle class citizens of California will soon be asked …
If this AI debt bubble ever pops, it won’t be just the Silicon Valley taking the first hit, it’ll be your pension and retirement funds. Why? Because the AI buildout has gotten so capital intensive that companies are relying heavily on debt rather than equity. Around $800 billion in private credit is needed for these …
FRANCE TO FREEZE PENSIONS, CUT HOLIDAYS IN MASSIVE DEBT CRACKDOWN Paris just dropped a €43.8B austerity hammer – and no one’s walking away untouched. Pensions? Frozen. Public jobs? Cut. Healthcare? Trimmed. 2 national holidays? Gone. A new tax targets top earners, and tax fraud squads are getting beefed up. France’s debt is growing by €5,000 …
France’s government is running out of options. On July 15, Prime Minister François Bayrou proposed eliminating two national public holidays to help close a €43.8 billion budget gap in the 2026 fiscal plan. The move is part of a broader austerity package aimed at reducing the deficit from 5.4% of GDP to 4.6% next year. …
CalPERS scandal erupts after CCP-linked former CIO Yu Ben Meng accused of falsifying disclosures and violating ethics rules before fleeing post. The California employees pension aka CalPERS is in trouble. In January 2019—the same month Gavin Newsom become California's governor—he hired CCP 🇨🇳 agent Yu Ben Meng, an alumni of China's Thousand Talents program to …
Hong Kong’s pension funds are preparing to slash their holdings of U.S. Treasuries if Washington loses its last remaining AAA credit rating. The move, driven by strict local regulations, could trigger a wave of forced selling, adding pressure to an already fragile bond market. The city’s HK$1.3 trillion ($210 billion) Mandatory Provident Fund system operates …
The House Oversight and Government Reform Committee will mark up its portion of the GOP megabill Wednesday, and one Republican on the panel is already coming out against it. In a statement Tuesday, Rep. Mike Turner of Ohio said he would vote against his committee’s contribution to the party-line package to enact President Donald Trump’s policy agenda, …
In America today, a government worker can retire at age fifty and collect ninety percent of their base salary for life. This is not some rare fantasy. It is reality for many career federal, state, and local employees, especially those in law enforcement, fire departments, and political circles. Some do thirty years and walk away …
Vlogger Tiffany Cianci recently went viral with a video explaining how private equity firms have recently bought up and destroyed well-known brands like Hooters, Jo-Ann Fabrics, Party City and Forever 21, driving these often beloved franchises into bankruptcy. Even worse, she says, the private equity firms have offloaded all the associated debt they took on …
They wouldn't need anything if their retirement funds weren't being inflated (stolen) from them ‼️👀👇https://t.co/Fwji8uURdJ — CJK (@CJKonstantinos) July 29, 2024
Already now pensioners have often higher standard of living than working group. It's not bad, but they come from prosperity times, whilst now Europe is in crises.I know many people that need to get support from their older parents. — Dul Theory (@DulTheory) July 22, 2024 Remember when Germany was lecturing Greece, Spain, Italy & …
Same story in U.S. But hey they don’t have a solid pension and healthcare system anyway. Btw pension is changing from DB to DC for this very reason. German pension system is behind and needs reform pic.twitter.com/7aT60zuYLI — Dutch 🇳🇱🧡 (@Mio_Mind) July 9, 2024 pic.twitter.com/wdzsBt4FTF — 🐒 Stephen 🐒 (@Tarzan_Stan_) July 9, 2024
by TyreeThaGod The next time some financial expert from the New York Times tells you how terrible it is that you have a 401(k) that you control instead a pension, remember this. https://www.msn.com/en-us/money/personalfinance/pensions-piled-into-private-equity-now-they-can-t-get-out/ar-BB1ogPlM Pensions piled into private equity, now they can’t get out Private-equity and pension funds seemed like a match made in heaven. U.S. …
Illinois Senate advances largest spending plan in state history to House. In fiscal year 2019, the state spent around $36.4 billion in state taxpayer funds. The proposed plan for fiscal year 2025 that begins July 1 is more than $53 billion. Considering total taxpayer spending, including federal passthrough dollars, in fiscal 2019 taxpayers spent $71.8 …
Source: https://t.co/a6slwe5uPd — Peter St Onge, Ph.D. (@profstonge) March 5, 2024 Very true. Mass migrants aren't coming here to produce, they're coming here to benefit from the best-in-class incentive structure to consume. We've imported millions of net consumers. It cannot last. pic.twitter.com/Ax89sCUIJy — Joe Consorti (@JoeConsorti) March 5, 2024
In a move that has left employees fuming, 3M, the conglomerate renowned for manufacturing Post-its, command strips, and tape, has frozen its pension program for non-unionized workers. To add salt to the wound, the company announced a shift to a 401(k) retirement plan in 2028 for these employees. This decision, seen as a pathway to …
NEW – Zelensky to govt. officials, mayors: "Don't travel through the world each day. Don't build roads today. Spend all your money on weapons, drones, on society, on pensions, and don't cry" – Fox News Interview pic.twitter.com/dm6cuNHw1Y — Insider Paper (@TheInsiderPaper) December 13, 2023