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Displaying Matches 15 thru 29 of 1791 Found.  BACK NEXT

VA: McDonnell says most surplus cash is spoken for
Gov. Bob McDonnell says most of Virginia's $403.2 million in unspent cash is spoken for, and what isn't -- about $71.2 million -- could go to building repairs and repaying the public-worker pension fund. . . . more

Mont. panel backs new teachers' retirement changes
An interim committee trying to close a potential $1.5 billion long-term funding gap in the Teachers Retirement System is sending the full Montana Legislature two proposals that would change benefits for new hires. . . . more

The Wisdom and Folly of the Bush Tax Cuts
Tax cuts from George W. Bush's era contributed to today's huge budget deficits. But most economists say the economy is too weak to let them expire. That means the fiscal war in Washington is only going to get uglier . . . more

The New Abnormal
Americans are broke and depressed—and also swilling $3 lattes and waiting in line for iPhones. Welcome to the schizophrenic economy . . . more

An Economic Chat
During the past 35 years of writing a weekly economic, financial, and (sometimes) political newsletter, I have periodically tried to present information in an unusual format so as to make “the dismal science” less intimidating and more interesting. Over the years, we have occasionally run a discussion between two old friends—Mrs. Smith and Mr. Jones—regarding a variety of issues. Their topic of discussion today is the latest data regarding U.S. economic growth, and important revisions to the data of the past three years . . . more

Iran divestment to affect public pensions
Massachusetts will be required to divest public pension money from companies doing business with Iran under a bill Governor Deval Patrick is set to sign. The bill would require the state to divest its pensions from foreign oil and gas firms with active investments of more than $20 million in Iran. Supporters argue that the investments indirectly help foster terrorist activity and that the state’s public pensions should not be going to help bolster Iran’s economy . . . more

Battle Looms Over Huge Costs of Public Pensions
There’s a class war coming to the world of government pensions. The haves are retirees who were once state or municipal workers. . . . more

Critics Say Pension Bill Could Cost Calif. More
The cost of public pensions is one of the biggest drains on government budgets, and the debts are eating into more public services across the Bay Area. A bill working its way through the state legislature is supposed to reign in some of the biggest expenses. But critics say it will only make matters worse . . . more

State pension funds show double-digit gains
Despite a rough last quarter, Montana’s pension funds registered investment gains in the 13 percent range for the fiscal year ending June 30, a consultant said Wednesday. . . . more

Largest occupations in private and government sectors, May 2009
Retail salespersons and cashiers were the two largest occupations in the private sector in May 2009. Postal service mail carriers; correctional officers and jailers; and elementary school teachers, except special education, had the highest employment among all occupations in Federal, State, and local government, respectively . . . more

More Workers Face Pay Cuts, Not Furloughs
The furloughs that popped up during the recession are being replaced by a highly unusual tactic: actual cuts in pay. . . . more

CA: Looming "Class War" over Public Pensions
This November, San Francisco voters will weigh in on Proposition B, Public Defender Jeff Adachi's measure that would require city workers to contribute more toward their pension and benefit costs. The city's ballot simplification committee on Friday issued a 728-word summary of its effects, written in what aspires to be eighth-grade English . . . more

Public pensions must be flexible, say experts
Pension schemes for millions of health workers, teachers, civil servants and local council staff should be made more flexible so costs can be controlled, say experts . . . more

Pensions: Promise pay-ins, instead of payouts
Each passing year increases the problem's gravity as benefits continue to accrue beyond the state's ability to pay for them . . . more

Financial Reform Bill Means Job Losses on Wall Street
President Barack Obama has pledged to save or create jobs for Americans. Sadly, his failure to extend the tax cuts of 2001 and 2003 and his decision to sign a financial services “reform” measure will end up squandering or destroying American jobs . . . more

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