Page 822 - Pensions News Today

Eligibility with regards to the bankruptcy case, did detroit, did the governor, did mr. orr, do the appropriate due diligence before they filed for bankruptcy on behalf of the state of detroit? we say no. thousands of people gathered at the footsteps of the court today inside the city of detroit to protest that, to let folks know that pensions, that our voting rights, that the constitutionality of michigan and the federal constitution should not be neglected or rejected on the basis of somebody ...

Determine whether the city of detroit is eligible for chapter 9 bankruptcy protection. if detroit is determined eligible, it will be the largest municipal bankruptcy filing in u.s. history. in order to qualify, the city must prove two things. first, it must show that detroit is insolvent. in theory, this should be relatively straightforward. detroit can no longer afford to perform basic functions like keeping street lights on and putting police officers on the street. in the trial, detroits lawy...

Commuter train struck and killed two transit workers. the train they say hit the workers who were inspecting a section of track east of oakland. bart is officially shut down as officials remain on strike locked in a dispute over pensions and benefits. this is an incredible story. two out on a homemade sailboat on friday traveling from salem, massachusetts, to bot when the boat they were in cap-sized them. they had no radio. no way to call for help. their only life jacket had drifted away. but ...

Court guts it whether in the airline industry. >> i think this is a potential model for right wing extremists in state governments across america when their states dont get federal money or dont want to tax the wealthiest residents. in fact, 60 minutes did a story the other day and the correspondent asked kevyn orr who was appointed by the governor, what about these people with pensions? he just shrugged his shoulders and say im sorry. thats whats out there for people who spent 30 years working ...

Care? no. >> they wanted to keep it on obama care, but they are running on the idea of demands until david vitter came up with a whole new list of weird demands specifically about obama care. can we deny health insurance covered specifically to the president himself and the vice president? that was actually one of their demands. answer, no. >> can we mess with the health insurance for congressional staffers? democrats said no. can we mess with the health insurance specifically of members of the ...

Harper. thanks very much for coming in. congressman harper, first to you. assuming the senate passes this and by all accounts they will, now that mitch mcconnell and harry reid are aboard. if how will you vote, congressman? >> thanks, wolf. look, i dont think we can flirt around with disaster on the debt ceiling and while this doesnt have anywhere near what i would like to have in it, i will be voting yes because we have a lot of seniors, people that are dependent upon their pensions, other issu...

Germans, the dutch, same as the germans. we dont have a competitive health care system and we have essentially an insolvent retirement system. >> quickly, i wanted to get your response to this notion of not having a debt ceiling. isnt that like somebody handing me a black american express and saying go, spentd. >> you have the republican position. first of all, it wouldnt have been a nuclear bomb because there are ways to continue to service the debt even if you hit the limit because youre going...

Gamesmanship. what are these veterans saying, joe? >> we need to end the backlog and need to solve -- >> this is the veterans for foreign wars. 33 groups being represented here. its the military coalition that advocated for veterans and their dependents. they say they speak for the 5.2 million americans. and the point of the news conference is to call to an end to the shutdown. the veterans administration has warned that it wont be able to ensure delivery of checks without an end to the shutdown...

Government to be our collective nanny, but neither should it be a bully. people shouldnt go to washington for a career. they ought to go as a brief respite to serve. term limits would ensure they govern for a while and then they went home. and they saw how those laws that they passed actually worked. by the way there should be no congressional perks or pensions other than social security and an option to contribute to a 401(k) plan. a person holding office shouldnt be allowed to seek another off...

Government to be our collective nanny, but neither should it be a bully. people shouldnt go to washington for a career. they ought to go as a brief respite to serve. term limits would ensure they govern for a while and then they went home. and they saw how those laws that they passed actually worked. by the way there should be no congressional perks or pensions other than social security and an option to contribute to a 401(k) plan. a person holding office shouldnt be allowed to seek another off...