As if defined benefit pensions funds weren't fun enough for corporate shareholders, the Pension Benefit Guarantee Corporation (PBGC), the federal entity that backstops pension obligations when companies default, has enacted massive increases in insurance premiums for operating such plans over the past 5 years.
Authored by Nick Giambruno via InternationalMan.com,
Politicians are always generous with other people’s money… until it runs out.
Near the peak of the late-’90s tech bubble, California’s legislature passed the largest pension increase in its history.
Today, with as much as $750 billion in unfunded public pension debt, California has one of the worst pension situations in the country. But it’s far from alone.
How We Know The So-Called “Civil War” Was Not Over Slavery
Paul Craig Roberts
When I read Professor Thomas DiLorenzo’s article ( http://www.paulcraigroberts.org/2017/08/21/lincoln-myth-ideological-cornerstone-america-empire/ ) the question that lept to mind was, “How come the South is said to have fought for slavery when the North wasn’t fighting against slavery?”
A United Nations Committee tasked with combating racism on a global scale has issued an ultra rare "early warning" for the United States citing "alarming racism" trends.
As StockBoardAsset.com notes, this rare signal often preludes the potential for civil conflict.
In the past 10-years, the early warning has been issued in Burundi, Iraq, Ivory Coast, Kyrgyzstan and Nigeria.
Via The Daily Bell
Don’t you know that to be a liberated woman, you need to have the sex life of a chimpanzee?
That’s the latest propaganda to come out of the New York Times.
The Soviet Union may have had its pitfalls–you know, like the murder and starvation of tens of millions of people. But women had great sex lives!
A comparative sociological study of East and West Germans conducted after reunification in 1990 found that Eastern women had twice as many orgasms as Western women…