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Pensions

Watch Chicago's Middle Class Disappear With This Amazing Map

Matthew Dietrich | Posted 06.04.2014 | Chicago
Matthew Dietrich

In 1970, Chicago had a booming middle class. In the 40+ years since then, the middle class has disappeared from the city, squeezed out by growing lower and upper classes. It has left the city with two different economies.

Rahm Emanuel Cuts Pensions While Adding To Donors' Bank Accounts

PandoDaily | Posted 04.04.2014 | Politics

If you’ve read the financial news out of Chicago the last few weeks, you’ve probably heard that the city faces a major pension shortfall, supposed...

America's Pension Black Hole: Dissecting Warren Buffett's Tapeworm

Bob Swarup | Posted 05.31.2014 | Business
Bob Swarup

Warren Buffett described public pension plans as a "gigantic financial tapeworm" and warned of a decade of pain. He was right on the first point, less so on the second.

The Pension Crisis as Told by TV's Finest

Reboot Illinois | Posted 05.25.2014 | Chicago
Reboot Illinois

Get a little confused by all of this pension talk? We've brought some of your favorites from the talking box to help you figure it out!

ALEC: The New-and-Improved Political Corruption

Barbara J. Easterling | Posted 05.21.2014 | Politics
Barbara J. Easterling

Over the last 41 years, ALEC has worked tirelessly to tear down many of the programs and protections Americans, particularly seniors, have come to rely on, and only recently have many of their objectives come to light.

Solving Chicago's Economic Crisis

Steve Siebold | Posted 05.13.2014 | Chicago
Steve Siebold

The financial nightmare that's been facing Chicago seems to be getting worse. Moody's Investor Services downgraded the city's credit rating on $8.3 b...

What Exactly Is 'The Fed' Reserving?

Bob Swarup | Posted 05.13.2014 | Business
Bob Swarup

The Fed is both the savior and the bogeyman of tomorrow. Yet amidst all the rhetoric and dogma, there are many questions about how The Fed operates. Here are five things to think about regarding the Federal Reserve.

Richard M. Daley, Director of the Day

Dean Baker | Posted 05.12.2014 | Business
Dean Baker

During his tenure as mayor, Daley consistently failed to make the required contribution to the city's pension funds. As a result, according to his successor Rahm Emanuel, the city is on the brink of bankruptcy.

The Real Story Behind the Detroit Pension Fight and What it Means to America's Future

Lynn Parramore | Posted 05.12.2014 | Politics
Lynn Parramore

Detroit is a city being looted and stripped bare. If we decide that those who are weak and vulnerable will be sacrificed to protect the wealthy and the powerful, then no one is safe.

PBS News Corruption Gets Even Worse

PandoDaily | Posted 03.07.2014 | Media

Last month, in response to Pando’s revelations that anti-pension mogul John Arnold secretly was financing PBS’s “Pension Peril” series, the Co...

Governor Corbett Not Consistent on Pensions

Bob Williams | Posted 05.05.2014 | Politics
Bob Williams

It is clearly past time for politicians in Harrisburg to stop playing games with public pensions and focus on providing true retirement security for all public employees.

Return to Lender: Postal Banking Can Bring Equity to Communities

Michelle Chen | Posted 04.24.2014 | Politics
Michelle Chen

The Postal Service can become a more viable business and a more vital community institution by enhancing its public role. It can challenge Wall Street by bringing economic equity to Main Street.

Protecting Detroit's Pensioners Protects American Values

Karen Friedman | Posted 04.22.2014 | Detroit
Karen Friedman

Pension promises are different. They are legally binding commitments to pay hard-earned retirement income. They are something that we all have to protect.

5 Ways to Profit From Lessons Learned Abroad

Gemma Godfrey | Posted 04.15.2014 | Business
Gemma Godfrey

While raising interest rates may dampen falls in a country's currency in the short term, this is not always enough to calm a sell-off and a higher interest rate can hamper growth, squeezing the country further.

The PBS News Corruption You Haven't Heard About

PandoDaily | Posted 02.12.2014 | Media

On December 18th, the Public Broadcasting Service’s flagship station WNET issued a press release announcing the launch of a new two-year news series...

When it Comes to Pensions, Doing Nothing Is Not an Option

Randy G. DeFrehn | Posted 04.09.2014 | Politics
Randy G. DeFrehn

We can help ourselves before it's too late if we are given the flexibility to find workable solutions tailored to each pension plan. Doing nothing will ensure future retirees will have nothing for retirement.

Dear Boeing: Next Time, Try Benevolence

Carla Seaquist | Posted 04.07.2014 | Business
Carla Seaquist

After a cliff-hanger of a union vote, Boeing will stay here in Washington state. But the joy is not universal and it's not deep, and who knows how long it will last? Lingering in the craw are Boeing's hardball, take-it-or-we-leave-the-state tactics.

Why Is the White House in Denial About Our Pension Poverty?

Jane White | Posted 04.01.2014 | Politics
Jane White

This nation should be ashamed of its indifference to this crisis.

The Government's Latest Effort To Renege On Promises To Retirees

A. Barry Rand | Posted 03.29.2014 | Fifty
A. Barry Rand

With 10,000 people turning 65 every day, our nation should be doing everything possible to protect the pensions of those who have worked hard their entire lives and are counting on those benefits during their retirement years.

Bruce Rauner's Troubling Past Puts His GOP Supporters in an Ugly Position

William J. Kelly | Posted 03.24.2014 | Chicago
William J. Kelly

After years of railing against corrupt pay-to-play schemes and insider deals, now Republicans are forced into a position of defending Rauner's insider record. My how things change. And the squirming has just begun.

10 Great Money Tips For People Over 50

Next Avenue | Richard Eisenberg | Posted 02.28.2014 | Fifty

SPECIAL FROM Grandparents.com Here's what you need to know about saving, spending and estate planning....

Why Municipalities Should Look to San Jose, Not Detroit, For a Lesson in Pensions

Teague Paterson | Posted 03.23.2014 | Detroit
Teague Paterson

Judge Steven Rhodes's recent ruling in Detroit led many to believe that it's open season on worker pensions. The national media declared local governments had new legal precedent to start cutting benefits for thousands of public employees. This is exactly the wrong lesson to take away from Detroit.

Detroit's Bankruptcy Filing: Not With a Bang, But With a Thud

John Patrick Leary | Posted 03.17.2014 | Detroit
John Patrick Leary

When a federal bankruptcy judge ruled that municipal pensions are vulnerable under federal bankruptcy law, no one was surprised. Little about life in 21st-century America prepares anyone to expect a judge to stand up for public pensions.

Winning The War On Poverty In 2014: Means Defeating the Wolves on Wall Street and Cowards on Capitol Hill

Reverend Charles E. Williams II | Posted 03.15.2014 | Black Voices
Reverend Charles E. Williams II

We can hear the 'wolves on Wall Street' howling at rising profits and executive salaries -- while the sucking sound you hear are jobs and families flung into poverty. 2014 will require a vigilant vote and voice to make a real difference for a very real problem.

How Chuck Reed's Pension 'Reform' Scheme Doesn't Add Up

Dave Low | Posted 03.11.2014 | San Francisco
Dave Low

California's nonpartisan Legislative Analyst, the state office responsible for analyzing the impact of proposed ballot measures, sent up a large red flag. It said that an initiative that would eliminate the Constitutional vested rights of public employees to retirement and retiree health care could cost "billions of dollars."