Page 906 - Pensions News Today

Happened to the automakers it is the ceos and management agreed to things they knew they could not upold. politicians glade to contracts they couldnt issue uphold. politicians spent the pensions of the post office and that is not the union guys fault. it is the people who agreed to the contracts. >> this is an interesting discussion. coming up. residents ravaged by vicious storms and wildfires and a new storm is brewing over how to pay for this.

Bankruptcy. >> neil: what about charles point, you dont have a choice. >> you have a choice, you can negotiate with the unions. >> neil: theyre not they dont budge and they dont want to-- >> suppose they stop paying them, i dont know. theres got to be he ways before you hit the bankruptcy button and stiff your bondholders. and new york city is still paying for the fact that it stiffed bondholders, he think, there were short-term notes in 76 or 77, and in terms of lower bond ratings. >> and the m...

>> thats one thing i learned today. >> look at the pennsylvania poll, president obama is at 45, mitt romney is at 39. looks like the president does need to go to pennsylvania to try to push up that lead. >> pennsylvania is closer than the obama folks expected. when you talk to them about the bus tour, i spoke to some people in chicago this week. they said were just out here. they dont want to let on but it shouldnt be that close there. ohio is very strong, not only in the polling but its a state...

i hear the numbers are about pretty high. about 70,000 americans globally -- >> i think 300,000. >> in the u.s.? >> world wide. >> about 70,000 across the u.s. who have no idea that they have been, for lack of a better description, riding on the coat tails of the protection of the fbi and the fbi has said weve tried to find you. weve tried to let you know. weve tried to send you messages. if you dont help yourself, im not going to be there after monday. is that how this worked? >> yeah...

to tell you about. terror arrests. the second major bust in just two days. new concerns and new questions this morning. are the olympics being targeted? plus this. >> its really funny that pepco is actually trying to save face now. about five to six trucks came with anywhere from six to eight different people. the whole process took 38 minutes. >> power problem solved. a family in maryland desperate for help finally becomes a priority for the power company. this morning, their lights...

Their new hires have been military veterans. we found this company is a good representation of an all american company. you dont need a degree for most of these jobs. you can work the rails, be an electrician, be a diesel mechanic. some of the positions that they have available now. >> pretty good pensions as well we point out. we heard about that. yeah. firehouse subs. this was started by some firefighters? >> right. firehouse subs, there you go. and they are -- they got 515 restaurants across ...

george zimmerman at $1 million. you might remember he is the neighborhood watch volunteer charged with second-degree murder in the death of trayvon martin. zimmermans earlier bond of $150,000 was revoked after prosecutor told the judge that he misled the court about how much money he had. it is not clear how soon zimmerman is going to post bond or when he will be released. a florida lifeguard has been fired after saving a man from drowning. yes, that is right. thomas lopez says he wa...

>> see whats happening in europe right now. the welfare state is collapsing. we have a giant warning signal, flashing bright red. do not go this direction and yet some of these big government fans in washington are saying, yes, lets double down. >> even more dramatic example is greece. like the acropolis that sits on the hill above athens the economy here is in ruins. jobs are scarce. those people who are working, sometimes dont get paid, and for young adults, well, their future is uncertain. wh...

>> see whats happening in europe right now. the welfare state is collapsing. we have a giant warning signal, flashing bright red. do not go this direction and yet some of these big government fans in washington are saying, yes, lets double down. >> even more dramatic example is greece. like the acropolis that sits on the hill above athens the economy here is in ruins. jobs are scarce. those people who are working, sometimes dont get paid, and for young adults, well, their future is uncertain. wh...

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