There Are Answers to the Pension CrisisJacksonville's pension quagmire - enabled by elected officials' negligence and lack of fortitude - is sapping city resources, forcing layoffs and threatening to further imperil essential services.U.S. NewspapersThe Florida Times Union...
Contributing to charitable organizations is a noble endeavor that not only supports meaningful causes but also provides potential tax benefits for individuals. The government encourages charitable giving by allowing taxpayers to deduct their charitable contributions from their taxable income. These deductions ...
1792, State Street Corp. is a financial services and asset management company with about 40,000 employees and a global presence in more than 100 markets. Services include investment research and trading and investment management. Its clients include asset owners, insurance companies and pension funds...
Allan and Bill are suggesting it can't. Their argument is primarily that municipal pension funds are dangerously underfunded and that this could result in the default rate among states and municipalities rising dramatically. Since you want your bonds to be there for you in the worst of times, ...
While the Enron debacle destroyed the life savings of many Enron employees by collapsing the pension fund and the value of their stock (they were constantly urged to invest in Enron’s stock as a good investment and a sign of loyalty), subsequent legal reforms, such as SOX, could help prev...
In making such determinations, the Federal Reserve Board is required to consider whether the performance of such activities by a bank holding company or its subsidiaries can reasonably be expected to produce benefits to the public such as greater convenience, increased competiti...
Commodities:Professionals dominate Commodity markets – if you trade something like Orange Juice, you’d better know your stuff (e.g. was there a frost in Florida overnight). Plus, they either have too much volatility or not enough. If you’ve ever been stuck in a lock limit up or lock...
In longer relationships, one spouse may qualify for Social Security and pension benefits based on the other spouse’s employment history. The division of marital property and shared assets might not be in the best interest of one or both spouses at the time of separation, making a long-term ...
This was a pleasing reversal from where we were in 2009. Through the course of 2010, there were also important strategic developments that we expect will yield long-term benefits for the company. One of the most important was the completion of our Atlantic joint venture with Lufthansa and the...
State pension deficits are at least $1 trillion, and 21 states have funded 0 percent of their retiree health care and other non-pension benefits. Indeed, it is only now becoming apparent that widespread shortfalls in pensions/benefits have been gamed for years by many state and muni ...