Page 790 - Pensions News Today

Will be. well announce the winners in both final four games and friday well unveil the champion. go to run down on msnbc.com to vote. revolutionizing an industry can be a tough act to follow, but at xerox weve embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping t...

Forfeited your time. sorry. >> chicago teachers unit kbron president -- union president karen lewis joking about gun violence in chicago, take a listen. >> we still cannot continue along the lines, where we give up our pensions willing ly because they are offering false choices. take this cut or nothing. thats not a choice. thats not a choice. thats where you are going to shoot me here or here. im still shot. [ laughter ] >> this is chicago. >> you know why else thats not funny. nine people were...

Cities. it is not supposed to be used for irresponsibility among politicians and people who made decisions in the detroit pensions. but, unfortunately, thats whats being considered. thats whats being discussed and i think it is important for citizens across america of all political stripes to stand up and have their voice heard on this issue because people work hard every day. they pay taxes to their government to support their own schools and their own cities, their own cops and firefighters, t...

Hard working families in toledo and cleveland and dayton and cincinnati and throughout the state will be helping to foot the bill to bail out the city of detroit. unfortunately, over many decades, politicians in detroit made bad financial decisions and i personally believe it is wrong for taxpayers of ohio and the other states of america to bail out the politicians of detroit sglp it . >> it is so interesting, josh. when detroits problems became very public and there was a lot of discussion abou...

Over the past 75 years or so theres been about 600 local government bankruptcies, chapter 9 bankrupts, and so detroit is not the first one. it is one of around 600 but it is the largest in american history. there are be more most likely in the future so the precedent this sets is very dangerous. if politicians around america know they can just make bad decisions and washington is going to bail them out it sets a terrible precedent and i think it enables irresponsible politicians throughout the c...

Benefits and pensions far above and beyond what most agencies or any other agency would. so mark -- go ahead. >> 75 years out for workers that arent even born yet. no agency, no business ever faces that kind of crushing burden. >> you were a mail clerk. my dad was a mail clerk. where were you a mail clerk? >> i was a mail clerk in grooens bro, north carolina. >> my dad was in columbia, south carolina. >> well, great. and if anybody wants to follow this fight with what we call a dirty and secret ...

Remediation. shuttered facilities, things like that. now they are going to use this money to shift it to blight remediation so that they can shift and turn a different $100 million to pay for detroits unfunded pension. and the blight that im seeing around here that needs remediation is the decades of fiscal irresponsibility by detroit politicians and their friends and big labor who got detroit in this mess in the first place. >> right, so paying for pensions that were never affordable in the fir...

Information about how the crew and passengers reacted. >> reporter: as the search for survivors grows more harrowing, new video on board the sinking ship has emerged. this cell phone video shot by a frightened passenger shows the final moment before the ferry went down. watch as pensions try to escape clinging to a railing as the ship delifts the passageways. the captain says he issued an order to stay aboard a sinking ship. >> dont move. if you move, it is more dangerous. >> because, he said th...

Alley enabler, they are going to do it to the tune of 100 million until american taxpayers that were supposed to be helping families facing foreclosure. >> this money hasnt been dispersed properly. at issue of course are these pensions and large pensions that havent been paid out. local politicians. our own stuart varney yesterday on the show arguing this is really a back door way of giving them a bailout. the obama administration wont come forward and say straight up hey we are going to be bail...

Game here for a while. shortly after that piece, they assigned several people from treachery, from hud, from some other departments to deal with the federal dollars that come to detroit. we already get quite a bit of federal money. its not expect well often. sometimes we end up sending it back because we didnt spend it the right way. theyve been here for several months on the ground, really working with local officials about what washington can do better to help us in detroit. this deal actually...