n the wake of the Detroit bankruptcy, Paul Krugman has a post pooh-poohing concerns about public pensions. His conclusion:
Tag Archive for Pensions
Contributors- Economic and Financial, Must Read
Bad Advice
by James Kwak •
By James Kwak I’m starting teaching at the UConn law school this fall, so I got a folder of information in the mail about my retirement plan. UConn professors have a choice between a defined benefit plan (SERS, in which … Continue reading →
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U.S. public workers say organized labor at a turning point | Reuters
by Newswires • • 0 Comments
As America’s biggest state and local government employees’ union gathered here this week, it faced obstacles like never before. After a big defeat in Wisconsin, and under pressure to accept cuts in jobs, pay, pensions and benefits, it needed to give convincing answers. Lee Saunders, who became the union’s first African American president on Friday,…
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Obama will bang on Bain Capital as fight heats up | Washington Examiner
by Newswires • • 0 Comments
A lot of political insiders in both parties think Bain Capital is pretty much a dead issue in the 2012 presidential campaign… Except it’s not. Not only do President Obama’s strategists still believe Romney’s business record will be an effective issue, a new poll by a bipartisan firm suggests attacks on Romney’s past might play…
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AIG Chief Sees Retirement Age as High as 80 After Crisis (Video) – Bloomberg
by Newswires • • 0 Comments
American International Group Inc. (AIG) Chief Executive Officer Robert Benmosche said Europe’s debt crisis shows governments worldwide must accept that people will have to work more years as life expectancies increase. “Retirement ages will have to move to 70, 80 years old,” Benmosche, who turned 68 last week, said during a weekend interview at his…
JP Morgan Latest News
SEC Focusing on JPMorgan’s Disclosure of Risk Models – BusinessWeek
by Newswires • • 0 Comments
Toronto StarSEC Focusing on JPMorgan's Disclosure of Risk ModelsBusinessWeekBy Steven Sloan and Dawn Kopecki on May 22, 2012 US Securities and Exchange Commission Chairman Mary Schapiro said the agency is “very focused” on determining whether J…
JP Morgan Latest News
JPMorgan Hires Ex-SEC Enforcer McLucas in Loss Investigation – San Francisco Chronicle
by Newswires • • 0 Comments
Toronto StarJPMorgan Hires Ex-SEC Enforcer McLucas in Loss InvestigationSan Francisco ChronicleMay 22 (Bloomberg) — JPMorgan Chase & Co., the biggest US bank, has hired former US Securities and Exchange Commission enforcement chief William McLucas…
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Legg Mason Rises Most in Two Years After KKR Repurchase – Bloomberg
by Newswires • • 0 Comments
Legg Mason Rises Most in Two Years After KKR RepurchaseBloombergLegg Mason Inc. (LM), the money manager whose biggest shareholder is activist investor Nelson Peltz, soared the most in two years after saying it will repurchase $1.25 billion of debt from…
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States scaling back pensions to save money amid budget crunches; workers … – Washington Post
by Newswires • • 0 Comments
The Associated PressStates scaling back pensions to save money amid budget crunches; workers …Washington PostBATON ROUGE, La. — State governments have long lured workers with the promise of lucrative pensions that provide nearly the pay in retireme…
William Black
The New York Times’ Ode to Foxconn and Anti-Employee Control Fraud
by New Economic Perspectives • • 0 Comments
By William K. BlackI wrote recently about Apple’s release ofinformation from its “audits” of its major suppliers. Apple constructed the release to deny thepublic information on the identity of the suppliers that defrauded andendangered the …
