Historically, the United States has spent more money than any other country on healthcare.
In the late 1990s, for example, the U.S. spent roughly 13% of GDP on healthcare, compared to about a 9.5% average for all high income countries.
El Monte, California is a city of roughly 100,000 residents in East Los Angeles, many of whom struggle to make ends meet with a median household income of ~$39,000 and nearly 25% of people living below the poverty line. But while most of the people of El Monte struggle to meet monthly expenses, the city's public employees are living the high life courtesy of one of the most egregious taxpayer funded pension plans in the country. Just ask the retired City Manager, James Mussenden, who told the LA Times that he gets paid $216,000 per year in retirement to tour the w
Submitted by Michael Shedlock via MishTalk.com,
In the wake of the near collapse of the Dallas police and fire pension fund, a Dallas News editorial says Former Police, Fire Pension Managers Should Face Criminal Investigation.
Mayor Mike Rawlings is right to ask for a state criminal investigation into shady practices by the Dallas Police and Fire Pension System’s prior management.
Minimum wages will increase in 20 states at the start of 2017, a move that, as we've argued many times in the past, will simply speed up the rate at which minimum wage workers are replaced through new capital investments in automation projects. Just another example of misinformed politicians passing legislation that will ultimately crushed the very people they're trying to help.
Management at the world’s largest hedge fund is to be automated and replaced with artificial intelligence. A computer software algorithm will decide the day-to-day management at Bridgewater Associates LP, the world’s largest hedge-fund firm. The global labour force is being replaced and managed by artificial intelligence and robotic automation. Various estimates suggest the American employment mill could shrink by 30% by the year 2025. The United Nations’ assessment is even grimmer. They project two-thirds of the human workforce will be replaced in the next decade.