Social Issues

The New York Teamsters Road Carriers Local 707 Pension Fund has won the unfortunate award for "First Pension to Officially Run Out of Money."  According to the New York Daily News, and a host of angry former truck drivers who've had their pension benefits slashed, the Pension Benefit Guaranty Corp. (PBGC) has officially been forced to step in and take over payments to retirees of the Local 707, albeit at a much lower rate.

Teamsters Local 707’s pension fund is the first to officially bottom out financially — which happened this month.

 

In an interview with Fox & Friends that aired early Tuesday morning, President Trump blamed former President Obama for protests against him and other Republicans, as well as "possibly" some of the leaks from the White House: “I think President Obama’s behind it, because his people are certainly behind it."

Via Carmen Elena Dorobat of The Mises Institute,

February in Romania has brought 27 consecutive days of protests against the current government, at a scale unmatched since the Revolution in 1989.

House Democrats are planning to disrupt President Trump’s first speech to a joint session of Congress by busing in hundreds of illegal immigrants, transgender teenagers, and angry celebrities including Madonna and Rosie O’Donnell, to fill the rafters of the House Gallery and “make Trump as uncomfortable as possible.” President Trump is keeping the tradition of previous Presidents by delivering a formal address to a Joint Session of Congress during his inaugural year on Tuesday February 28.

Money may not buy happiness, but, as Visual Capitalist's Jeff Desjardins notes, it does buy the ultimate flexibility for making financial and lifestyle decisions.

For many of the world’s millionaires, money provides a highly effective means to escape their home country when times get tough. They can pack their bags, and move their family and capital to a location that will provide superior opportunities for prosperity.