You are here

America

CalPERS Threatens To Slash Pension Benefits By 63% For Some Unfortunate East San Gabriel, California Workers

CalPERS Threatens To Slash Pension Benefits By 63% For Some Unfortunate East San Gabriel, California Workers

Last October we wrote about the unfortunate situation in Loyalton, California whereby CalPERS was threatening to slash pension payments to a group of retired city workers after their City Council members failed to understand basic pension accounting and the unintended consequences of terminating their plan (see "Pension Benefits In Tiny California Town To Be Slashed As "Ponzi Scheme" Is Exposed").  Now it seems as though retirees of the East San Gabriel Valley Human Services Consortium may be facing a similar fate after their former municipal employer failed to pay their pension due

White House Is Exploring Use Of Military Force Against North Korea

White House Is Exploring Use Of Military Force Against North Korea

An internal White House strategy review on North Korean options includes the possibility of both military force and regime change to counter the country’s nuclear-weapons threat, the WSJ reports, a prospect that has some U.S. allies in the region on edge. The review comes amid recent events have strained regional stability including last month's launch by North Korea of a ballistic missile into the Sea of Japan, and the assassination of the estranged half brother of North Korean leader Kim Jong Un in Malaysia.

Will Trump’s Talk Turn the Trump Rally into Lasting Gold or End in the Trump Dump?

Will Trump’s Talk Turn the Trump Rally into Lasting Gold or End in the Trump Dump?

 The following article by David Haggith was published first on The Great Recession Blog:

Trump is market magic. The Donald spoke, offering nothing he hasn’t said hundreds of times before in his campaign speeches, and the Dow parted its way through the 21,000 barrier without hesitation. The stock market’s rise from 20k to 21k also tied a record for the quickest 1,000-point gain. How long will this rampaging bull market last?  Is 22,000 now an easy reach?

IT’S HAPPENING: FRANCE’S LE PEN DECLARES WAR ON GERMANY’S MERKEL, TO HER FACE, AT EU ASSEMBLY

This is a savage assault upon Merkel, delivered with fierce Marine Le Pen -- who called Germany a 'servant to America.' I've never seen anything quite like it, frankly. It bordered on sabre rattling before a declaration of war.

Le Pen emphatically rejected the subjugation and 'vassilisation' of Europe by Germany -- declaring her intentions to break off from it -- representative of an 'intelligent protectionism', individual liberties and defense of safety and identity.

Pages