Page 776 - Pensions News Today

Tomorrow. we have seen pensioners walking to every atm to see which one will be open to get pensions. a lot of them dont have debit cards and a lot of the government said they will announce today, they did not give a time, exactly what banks would reopen so they can get money. it is a dire situation for people waking up this morning. all they can get out is 60 euro a day. that is roughly $67. some say that is a lot when you put in context of a week. when you have bills to pay and children to fee...

In new jersey dealing with democratic legislature, vetoing a lot of progressive bills. it is tough to get elected as republican in blue state. republicans should follow his model. he got, blacks and hispanics. the coalition he built in new jersey is something republicans should look at. it was pretty impressive. >> he might match up best against hillary clinton for that particular reason. how blue many soft states are on the east coast. >> talk to me about the economy, tony because we havent, wh...

The dow is down more than a hundred points and greece banks were ordered to close for six days and the european central bank refusing to increase the credit lines, and strict bank rules causing huge withdraws at the atms there. what is the latest, greg? >> reporter: since the greeks were told the bank was closed for the next eight day and $66 is the most they can get out routh now and they are being calm. the european union wanted them to raise taxes and cut pensions and greece said no and that ...

>> yeah. >> youre talking about the largest holders of puerto rican debt are americans. talking about greece, germans are the biggest holders. this is close to home the puerto rican situation. >> the greek welfare state is subsidized by europeans and german lenders. it is remarkable to go back to greece, that the prime minister refuses to offer any concessions on entitlements or pensions. he wants to raise taxes. lets transfer, andrea said modern socialist philosophy to our hemisphere. puerto ri...

Didnt do it a lot earlier. we had a case in cyprus where they put the capital controls in coordination with the european central bank at an earlier stage. we have seen $60 million exit the country since the start of 2015. alexei tsipras has called for the greeks to be calm. he suggested dont worry about your bank accounts. your savings are safe. in cyprus, some people lost their 50% of their savings to get into that bailout. listen to what he suggested to the greeks. >> translator: the deposits ...

>> reporter: correct, christine. we do not know what that question will be. what question will be put. we are hearing the question will be do you accept the proposals that are put through by europe. we do not know the exact language. a lot of people do not want more austerity. when greeks are asked, 75% say yes they want to stay in the euro. interesting to see today as people take to the streets for a pro government anti-terrorist protest later on how the mood has changed now. the capital contro...

The euro. something no country has ever done. for the latest on the efforts to keep that from happening, lets turn to isa suarez live on the ground for us. what are officials doing to prevent the collapse of the economy and exit from the euro at this point? >> reporter: good morning, christine. we heard from the chief last night. it was three minutes or so. he asked for composure and patience saying the government was doing all it could in their power to make sure the money kept flowing. he paid...

Sharpton. >> weve said for a long time what do you expect? when the administrations fingers are being pointed, theyre going to hesitate before they make the stop or run towards the crime versus when they dont. and what else is going to happen? crimes going to go up. >> theyre thinking about their own life families jobs pensions, awesome these things they could risk losing and theyre policing neighborhoods that need them the most. if you push the cops out, who are you going to call when thing goe...

We are not talking just in the past but ongoing recent day struggles. its something a lot of people dont really think about. we think about civil service generally as being friendly to the people of color particularly blacks. wen you get to the uniformed jobs in new york city with the fire department the uniform positions generally tend to be better paid, have are better pensions. they are more stable jobs although they carry big risks but the reward is this the paycheck benefits and pensions. t...

>> well thats a story that is now at chicktribune.com. i spoke yesterday to the national taxpayers union which looks at congressional pensions. hastert at age 73 is now eligible for three separate pensions totaling $116,000. his federal pension is $73,000. he looks like hell keep that. hes got a pension from his years as a state legislator in illinois $27,000. it looks like hell keep that he has a teaching pension of $16,000 a year and thats the one that at this early stage appears to be in jeop...