A hub for independent voices and hard truths
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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, …
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. — …
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 🇳🇱🧡 …
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 …
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 …
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 …
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 …
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 …