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Rescue Package Includes $86 Billion Bailout for Failing Pensions


Rescue Package Includes $86 Billion Bailout for Failing Pensions
Democrats pushed through a big aid measure for multiemployer pensions whose problems predate the pandemic.
Senator Sherrod Brown, a Democrat from Ohio, has been leading the effort to rescue the ailing pension plans.Credit.Alex Brandon/Associated Press
March 7, 2021
Tucked inside the $1.9 trillion stimulus bill that cleared the Senate on Saturday is an $86 billion aid package that has nothing to do with the pandemic.
Rather, the $86 billion is a taxpayer bailout for about 185 union pension plans that are so close to collapse that without the rescue, more than a million retired truck drivers, retail clerks, builders and others could be forced to forgo retirement income. ....

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Eyeing Re-Election, Macron Walks a Tightrope Above Swirling Crises in France


Eyeing Re-election, Macron Walks a Tightrope Above Swirling Crises in France
The French president wants to change Europe, redefine his country and win re-election. But first he needs to overcome the biggest economic and social crisis since World War II.
Backed by the left in 2017, President Emmanuel Macron now has more support on the right.Credit.Pool photo by Thomas Coex
PARIS In a recent meeting with a handful of foreign correspondents, President Emmanuel Macron of France philosophized for 100 minutes on the record, without notes. He dotted his conversation with Americanisms “game-changer,” “honest brokers” that must have had de Gaulle turning in his grave. He dissected French “universalism.” He mused on colonial history. He identified hatred, turbocharged by social media, as “a threat to democracy itself.” ....

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