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Pensions

Why Is John Cullerton Talking About Sunshine, Rainbows and Liking Illinois?

Matthew Dietrich | Posted 04.11.2014 | Chicago
Matthew Dietrich

Senate President John Cullerton says he likes Illinois. And it's in writing too, so it would be hard for anyone to dispute him on that fact.

Springfield's Gift to Chicago: Step One of Pension Reform, or an Election Year Headache?

Matthew Dietrich | Posted 04.09.2014 | Chicago
Matthew Dietrich

Mayor Rahm Emanuel's pension bill finally got passed through the General Assembly after some property tax language was stripped from the bill.

Pensions Pose Latest Challenge For Chicago Mayor

AP | SARA BURNETT | Posted 04.07.2014 | Politics

CHICAGO (AP) — Rahm Emanuel has been a force in politics — the mastermind behind a Democratic takeover of Congress, dealmaker in two White Houses ...

Watch Chicago's Middle Class Disappear With This Amazing Map

Matthew Dietrich | Posted 04.04.2014 | 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 03.31.2014 | 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 03.25.2014 | 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 03.21.2014 | 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 03.13.2014 | 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 03.13.2014 | 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 03.12.2014 | 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 03.12.2014 | 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 03.05.2014 | 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.

Warren Buffett Offers Wisdom In Annual Letter

AP | By The Associated Press | Posted 03.02.2014 | Business

OMAHA, Neb. (AP) — Investors eagerly await Warren Buffett's letter to Berkshire Hathaway Inc. shareholders each year for its plain-spoken insight in...

Return to Lender: Postal Banking Can Bring Equity to Communities

Michelle Chen | Posted 02.24.2014 | 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 02.20.2014 | 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....