Page 672 - Pensions News Today

Healthy and fit to serve as president of the united states. well, at 76, biden is even older than the former first lady. but for him come of the concerns are about his mental or cognitive fitness. "politico" have big journalist equivalent of a medic medevac -- finding the surgeon who operated on biden in 1998, claiming "biden is every bit as sharp as he was 31 years ago, i havent seen any change. which led many to wonder, you mean, biden has been like this for decades? >> the country wasnt bille...

Grandma and grandpa raisiing grandchildren as little as $300 a month. joining us now, heidi who spoke with have counted on is their pensions and now thats in danger. >> this has been coming for quite a while, but the problem is, now its creeping up within a couple of years that they are facing the prospects of basically losing everything. now, to be clear, pension insolvency is a problem facing multiple industries. ive seen teamsters on the hill pleaing for their pensions which are due to become...

Who worked and help to get this bill passed. >> congratulations. >> it is quite exciting. you did this having left the governme government, you were in consumer protection bureau for six years, working in military affairs. you were a military spouse and spent your life with your father, you lived on bases around the world. you saw this loophole. tell me what happens aed and wh was the problem? >> they limited what income would not be counted in bankruptcies in three things. payments to vilctims ...

King. her message resonates and she gets people really excited. >> julia ioffe, well be reading your new piece for gq, thank you very much. >> thank you. and still to come this morning on "morning joe." >> were not politicians, were coal miners. >> i voted for trump. sure did. >> and how do you feel about the progress? >> well, im kind f up in t-- k up in the air. >> coal miners are fighting for the pensions and getting no help from presiden heidi prisbilla has that ahead for us on "morning jo...

Came to capitol hill seeking action on the miners pension protection act, speaking up for fellowed retired miners, some in wheelchairs with oxygen tanks. >> were fighting for a pension for black lung. things dont look good at the moment. >> reporter: for years, senator majority leader mitch mcconnell has blocked the protection of the miners pensions, citing concerns about long-term pension costs across multiple industries. >> average pension, i think, for miners is like 500 bucks a month, and we...

Lunchroom and the house office building a few weeks ago who were also fighting for their pensions, so i think hes concerned about setting a precedent about the government shoring up pensions. hes right, this is a crisis. the miners say their pensions truly are federally guaranteed going back to a 1930s era settlement that was made with the government during a bankruptcy at that time. and so mcconnell says he wants a broader fix. right now, that broader fix is not coming. there is a task force th...

Beneficiaries of president trumps agenda have been the coal executives, not the miners. the executives are the ones who benefitted from all of the regulatory roll backs while the miners are seeing actually spiking job losses, bankruptcies, this administration has actually rolled back the safety protections that were put in place after deadly mine collapses earlier in this decade. and of course you saw the miners there who are now fighting for their pensions, which they say are actually federally...

Doesnt have a 401(k), is not invested in stocks. but there are a bunch of people who are. a lot of them are now in these factory jobs where they used to have pensions and theyve been transitioned to these 401(k)s. so theyre planning on putting their kids through college with that. they think theyre going retire on it. they use it for all kinds of things throughout their lives. if that money is not there, it matters. i think trump knows that. people are paying attention to it. i would not be surp...

Marketing against saying okay, here are some bad headlines, but dont believe them. >> right. >> the problem is when the market drops 800 points in a day, people who dont normally pay attention to the market, they pay attention to that. there are a lot of people in the country, half the country doesnt have a 401(k), is not invested in stocks. but there are a bunch of people who are. a lot of them are now in these factory jobs where they used to have pensions and theyve been transitioned to these ...

O.e.c.d. says italys economy will shrink by 0.2 percent this year at the same time the countrys debt burden is twice as high as the e.u. stability and growth pact allows at 132 percent of annual economic output and this year the government wants to load more than 2 percent of fresh borrowing on top i think its very probable that if the political uncertainty continues and if it can only continue to be in a face of stagnation still like the current one that feature as well as the other credit rati...