By ignoring basic investment rules, public pension managers have virtually guaranteed that these pension plans will not keep their promises.
The Federal Reserve’s annual Wyoming symposium has sent ominous signals that the world’s top central bankers will be unleashing global QE — and more raids on savers, taxpayers.
After Minnesota raised its minimum wage, a café owner added a $.35 "minimum wage" fee to all customer orders to cover the added cost.
The announcement July 30 that the economy grew at a four-percent annual rate for the second quarter of 2014 has financial analysts wondering if the Federal Reserve Bank will end earlier than expected the “quantitative easing” and interest rate suppression it has engaged in since 2008.
This is a setup from the start. The rail line will never make money, so it's being funded with gifts in the hopes that taxpayers can be gulled into paying for its expansion in the future.