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June 20, 2024
Health and dental benefits continued growth there. We are as i mentioned hopeful that through the good work of the Health Service system they will be able to negotiate more favorable rates with kaiser and with blue shield. And then our retirement cost continuing to grow through the next fiscal year to account for the loses that we experience in the pension fund during the last economic recession. This number, the 42 million im expecting based on the rates that retiree, retirement board just adop...
June 20, 2024
Friend who is a very valuable member of our committee. And all others, again, someone whos always 202 5853882. Thoughtful, always helpful, always works in a bipartisan manner. You saw it on this floor yesterday when he and chairman we will begin with the culberson delivered their bill headlines. In a very bipartisan and very this is the front page of the professional manner. He does the same thing in our Financial Times. Committee. I just want to thank my friend and reserve the balance of my the...
June 20, 2024
Change the game for what the fed koss or does not do, and ron will be here to make his case and well talk to a famed pen Warden School as well. Jeremy segal. Want him to weigh in on that as well. Warren buffett is ready to scoop up kellogg. Theres speculation buffet could make a play for the maker of corn flakes and so many other household names. Kelloggs market value approaching 20 billion. How much would buffet worth 50 billion in cash offer, and why would he be interested in the company . A f...
June 20, 2024
Annualization of wage increase for everyone else. That third line is showing you what is happening over Labor Agreement and what are we projecting for planning purposes. In the first year we are not assuming any Cost Increases there and as i mentioned to you before, i think thats appropriate for planning purposes, but there is some risk. We dont know what will happen with our negotiations. The second section really highlights for you what is happening on our benefit cost. The first two related t...
June 20, 2024
Loses that we experience in the pension fund during the last economic recession. This number, the 42 million im expecting based on the rates that retiree, retirement board just adopted to be less by 11 million. So instead of a negative 4 million cost to the general fund, we learned last week that it will be closer to 31. All of these assumptions are detailed in much greater detail in the report itself. Other departmental cost citywide. The projection in front of you assumes that Capital Equipmen...
June 20, 2024
Then our retirement cost continuing to grow through the next fiscal year to account for the loses that we experience in the pension fund during the last economic recession. This number, the 42 million im expecting based on the rates that retiree, retirement board just adopted to be less by 11 million. So instead of a negative 4 million cost to the general fund, we learned last week that it will be closer to 31. All of these assumptions are detailed in much greater detail in the report itself. Ot...
June 20, 2024
Happening over Labor Agreement and what are we projecting for planning purposes. In the first year we are not assuming any Cost Increases there and as i mentioned to you before, i think thats appropriate for planning purposes, but there is some risk. We dont know what will happen with our negotiations. The second section really highlights for you what is happening on our benefit cost. The first two related to health and dental benefits continued growth there. We are as i mentioned hopeful that t...
June 20, 2024
Here to explain, doug holtzeakin, president of the American Action forum. Brian reed chief economist at Investment Company institute, a trade group that represents the Mutual Fund Industry. Guys, it has been almost six years to the day that Lehman Brothers filed bankruptcy and the government ever since has been trying to find a way to keep that kind of financial disaster from happening again. Doug, who do they have their sights on now . And what do they want to do . Well the group in question is...
June 20, 2024
Recently the former director of the cbo has estimated that designating Asset Managers could cost investors as much as 25 of their return on their investments over the long term. Approximately 100,000 per investor. In other words, as it operates in the shadows, fsoc can take away the seed capitol necessary to launch a Small Business or to send a child to college. That is both unfair and unwise. And while fsoc seems dead set on trying to find Systemic Risk where no one else seems to find it, a rev...
June 20, 2024
What did you think about the race . With meat make a couple of comments. When you take the mississippi race is someone who considers themselves a conservative voter who lives in louisiana and growth in mississippi when you take that race in colorado and mississippi is easy to be disheartened. I am actually hardened with the Republican Party being able to stand up against the establishment and believe that if we committed to our cause in the long run we will rent. I appreciate you taking my call....