Page 924 - Pensions News Today

Our interns. could be insurrection. meanwhile, californias third largest city san jose is on the verge of going bankrupt and the citys mayor, a democrat says public workers union protected pensions are to blame. take a look at this graph. over the last 10 years, pension costs have exploded from 10 years ago, they were 73 million to $245 million. today. now, he wants voters to overrule that. stuart varney, host of "varney & company" join us live right now. stuart, when you look at the graph like ...

To restructure pensions and its being put to the test tomorrow. stu varney is here with the details. its your turn to walk on over, my friend. [ jennifer ] what if i cant do it?

Differently? >> i think governor walker has an eye to the correct answer. you and i spent a lot of time talking to a lot of folks from different outlets from arounded the country last year about what was going on in wisconsin and why we are having the protests. we have had big reforms. the problems of the past and the future. when we came to a $3.6 billion budget deficit come from the past. you look into the future and you saw the cost drivers of pensions. we had it coming at us in both ways. we...

The court and the court with us not happy. we will talk about this with our legal panel. if this judge believes that george zimmerman and/or his wife lied out right in this hearing, which is what the prosecutor suggested and what the judge appeared to buy having revoked the bond, that could have major implications for george zimmerman going forward. this is the same judge that will decide the whether the stand your ground law stands, we believe. a major u.s. city becomes a test case for a budget...

Californias third largest city, and the 10th largest in the country is becoming a national test case today in the nation-wide debate over public worker pensions. people like firefighters, and cops, and so on, people get big, big pensions from the taxpayers when they retire, and thats becoming an issue. tomorrow residents of san jose. california, will vote on whether to cut benefits for those so-called public employees, those who are working and those who have already retired. in other words, it ...

Insinuated into our economy, that public sector employees, working for the government somehow, whether they are teachers or firefighters, or whether they are sanitation workers have superior rights and expectations to those of the private sectors. we are talking about a dived right now. divide right now. the real divide is between public sector worker and private sector workers. megyn: who are not going to get pensions like this. 90% of your salary when you were working, 90 per for the rest of y...

Done things a little differently? >> i think governor walker has an eye to the correct answer here greta. you and i spent a lot of time talking and i spent time talking to a lot of folks last year about what was going on in wisconsin. why were we having the protests in wisconsin. it was because we passed really big reforms that not only addressed the problems of the past but also the problems of the future. when we came into office we were facing a $3.6 billion budget deficit coming at us from t...

But we need true shared sacrifice. and tax break, fine. but tax breaks without any accountability to create jobs is where we have a problem. you have to give back to the community in order to get a tax break and that is what we are not seeing. we are seeing tax breaks with no accountability. >> greta: do you have any idea sort of what the cost savings has been with the collective bar againing? im not taking a side on this. im just trying to understand what the number is. has governor walker put ...

good evening, everyone. im erin burnett. outfront tonight, decision time. its the biggest an most important election before november 6th and its getting started in just under 12 hours. wisconsin republican governor scott walker fighting what is probably going to end up being the most expensive, high-stakes recall election in american history. democrats want walker out after he and the republican-controlled legislature voted to strip union members of collective bargaining rights. rememb...

Hel care? should collective bargaining powers be limited splat? the public favors those now. we have had recent polling showing that, for example, on paying for health care, 75%, people favor having employees paying for their own pensions and health care. marquette university did a poll, looking back at the last year, is wois consin better off or wrors off in the last year changes? 52% say better off. >> jamie: if the voters look overand all choose governor walker, what do you think the future i...