That hungry Investment Advisers are luring our nations veterans away from government retirement plans putting them into broker operated iras that carry higher fees. Rich edson on the story hes been following and working on for several days. Reporter cheryl, it begins with a striking statistic. Within the first year of leaving government jobs, Officials Say 45 of federal employees transfer out all the money they have in government retirement investment accounts striking because the federal Retirement Savings plan is known as incredible value. Government guarantees the investment in government securities and fees are much lower than private competitors, that has analysts asking why nearly half the federal workers leaving jobs are passing on such a solid investment deal . Former Government Employee and director of government Pension Center john turner says private investment firms are luring veteran retirees away from Government Funds which he says is a bad idea. You would be paying a lot
Thunder lightning rain freezing rain sleet ice. We saw it all, today. It rains and temperature drops. Then we get more rain. Temperatures go down, and well have even more of a skating rink. For pedestrians. Near foster and sheridan, tonight. Each step a delicate dance to avoid a slip and fall. On sidewalks glazed over with ice. I like this weather. But its hard for walking. Slick conditions on the roads. A problem for drivers. Reports of crashes. As precipitation hit the pavement. Freezing on contact. Chicagos streets and sanitation department. And idot deploying hundreds of trucks to salt streets and expressways. Rough, slick dangerous. Make sure car starts up right. Another concern tree limbs and power lines falling under the weight of accumulating ice. Com ed dealing with an increase in outages. Mostly in the north suburbs. double check numbers at 8p chicagoans dealing with a bizarre january day. And, taking it all in caution altered stride. Its pretty dangerous, so be careful out t
A gunman opened fire at a d. C. Nightclub, sending club goers running for cover. Five people are in the hospital this morning with gunshot wounds. The shooting happened just after 2 00 this morning at d. C. Sound stage club on the 2400 block of benning road northeast. Derek ward is live on the scene with more. Reporter yeah, good morning. This is a typical block of the 2400 block of benning road northeast, typicalf this part of benning road. You have businesses downstairs aens apartments upstairs. The d. C. Sound stage, by all indications, is a popular night spot, but it was about 2 20 this morning there were patrons inside at the bar. Police say someone came up to the door, opened the door, and opened fire. Patrons went scrambling. Four males and one female were hit. Police at first thought there were only four people hit. They found one patron out back hiding for cover. They dont have a description of the gunman. Fortunately, none of the wounds sustained were life threatening. Police
Every single report that came out last week with either bad or devastatingly bad. Stuart you are right. You got that one right. Our time is up. Here now is dagen and connell. Dagen you are all the pressing. Connell know. Thank you, stuart, for that. I am connell mcshane. Dagen i am dagen mcdowell. The first year of a second term president is historically bad. Which is it . Connell i told him we have a bone to pick with him. Fha could make your life that you brought to buy your next house. Spew forth the Federal Reserve act. Another example of the online war putting your money at risk. Connell judge Andrew Napolitano is here later in our. Dagen top of the hour. Stocks every 15 minutes. Nicole petallides. Nicole 40 points away from 14,000. The dow is down right now about 20 points. We had some volatility. We had 100point moves basically three days in a row. Yesterday, obviously, we have been on the move. The dollar is stronger. Disney setting an alltime high. Hewlettpackard, 3m, disney a
Coming out of the prayer breakfast. Mr. Sacorides what do you think . It is fine and good to talk about Common Ground on the occasion of the National Prayer breakfast but its also important to talk about how the fact that in this country, were for equality, thats what our Founding Fathers were all about, thats one of our founding principles and why everybody in the country has to be treated equally. Its taken us a while to get to some of that from our Founding Fathers, thats a topic for another day. Were out of time, watching the National Prayer breakfast expecting to hear from president obama, thats going to be happening any moment now. Want to get to cnn newsroom with Carol Costello, beginnins right now. Happening now in the newsroom, weekend whiteout the northeast about to get pounded by a monster snowstorm. Some spots could get two feet of snow. People are talking is this the blizzard of 78 . America exposure or exploitation. First snl then the bowl, now the movies . The wound is w