Page 791 - Pensions News Today

Bailing out businesses in the red. they need to develop sustainable fundings. its unfair to rely on taxpayer funded bailouts. that is senator vitter of louisiana. which contains new orleans. steven henderson is not only an editor for the detroit free press, hes a pulitzer prize winner for commentary. congratulations. >> thank you very much. >> is it fair to call this a bailout? >> no, not at all. whats being proposed is essentially a displacement of money that weve already allocated to tear down...

Money from a u.s. treasury fund created to help struggling homeowners. tony sague joins us. the dreaded "b" word is a bailout. now, are we going to see $100 million earmarked for blighted housing in detroit go to pay for these pensions, keeping in mind that detroit is bankrupt right now? >> and bankrupt largely because of pensions that are unsustainable. the report thats come out on detroit itself has $18 billion of long-term unsustainable debt costs that are driving the city into total bankrupt...

Crisis without solving a thing and giving it to unions -- >> this is a political play to the unions, isnt it? >> its a terrible idea. i dont think its going to happen. why? i think it would set an awful precedent. there are cities and municipalities all across the country facing this exact same problem, not as bad right now as detroit. but all over the place. i think to take money that is earmarked for housing and to fill it in for the stopgap measure would be a very bad idea. its going to take ...

We will grieve our losses and heal. we will rise and we will endure. and we will remember, i hope and pray, long after the buzz of boylston street is back and the media has turned its attention elsewhere, that the grace this tragedy exposed is the best of who we are. >> well be right back. e a toug, 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...

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 thousands of companies simplify how work gets done. hows that for an encore? with xerox, youre ready for real business. hows that for an encore? i tr ied hows that for an encore? depend last we...

People? isnt this america? since i was a kid i remember people flashing their lights. i remember saying dad what does that mean? he is telling me there is a cop ahead. it was like america. >> cops are looking out for their pension. they have to make sure they have their we tau met. >> you are worried about the quota? >> i am not a cop. if it applies to my pension, then i would worry about the quota. >> are you telling me their pensions are dependent on them giving a certain amount of tickets? th...

With dramatically less debt and less liability chshgs would allow the city to start reinvesting in serviceses such as police, fire, and start removing so much of the blight that caused property values to be so low in detroit, and also implement debt cuts that would affect retirees and banks and other investors. its very complicated, and theyre in feverish negotiations right now with the goal of having a trial this summer over whether the plan is fair. >> well, i mean, sandra, that to me seems qu...

What do you mean? your grass, man. its famished! just two springtime feedings with scotts turf builder lawn food helps strengthen and protect your lawn from future problems. thanks scott. [ scott ] feed your lawn. feed it. 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 account...

It did for many of us on this panel. but the other thing is, part-time workers generally lack benefits, things like paid vacation. they lack things like health care. they lack things like pensions, 401-k plans. being a part-time worker is fine if you are in college and trying to pay for your education on the side. its not good if our work force increasingly moves towards that. thats what companies are having to do, because quite frankly, they fear obamacare and they fear whats happening with thi...

15 billion to the taxpayers. tpsdz hard for me to have sympathy. >> couple bad apples. no taxpayer money. here is the situation with the postal service. we are in the hole because we lost about 28% of our volume. we have not stood still. since the year 2007, we reduced the head count by 205,000 employees. another 5 million delivers in that time frame. bent the cost line by $15 billion. so our people have done a great job. >> you and i dont disagree on that. >> here is the congressional issue. ev...