President Joe Biden used his veto power on Monday to block a bipartisan action from Congress that would have prevented pension fund managers from investing retirees’ money according to environmental and social-justice criteria. “There is extensive evidence showing that environmental, social, and governance factors can have a material impact on markets, industries, and businesses,” Biden […]
PARIS—Angry protesters took to the streets in Paris and other cities for a second day on Friday, trying to pressure lawmakers to bring down French President Emmanuel Macron’s government and doom the unpopular retirement age increase he’s trying to impose without a vote in the National Assembly. A day after Prime Minister Elisabeth Borne invoked […]
PARIS—The French Senate on Saturday night adopted President Emmanuel Macron’s unpopular pension reform plan in the wake of a seventh day of demonstrations that were not as large as authorities had expected. One hundred and ninety-five members of the upper house of the French Parliament voted for the text, whose key measure is raising the […]
French government saw another round of protests and strikes causing widespread disruption, but showed no sign of reversing its pension reforms. Unions called the industrial action a success and have warned of rolling strikes that could last for weeks.
There is a looming pension crisis. An expert explains how California’s unfunded pension liabilities work and its impact now. A family of children who were victims of child abuse at home, and allegedly by a govenment program, are suing. Several of the Turpin children have filed a lawsuit against their home county for allegedly transferring […]
According to a recent report by the American Legislative Exchange Council, California’s unfunded pension liabilities are estimated to be at $1.5 trillion—about $38,000 of debt for each Californian. What are unfunded pension liabilities, and why do we have so much of it? We guarantee that our government employees will receive a set income at the […]
The massive spending bills being debated in Congress are expected to increase the federal deficit by a great deal. Would it impact your retirement funds? Amazon is to start paying customers if they get injured by products they bought on the platform—even if it was from a third party seller. But the e-commerce giant says […]
