Por: CNBC Business September 29, 2022
The Bank of England on Wednesday launched a historic intervention in the U.K. bond market in order to shore up financial stability, with markets in disarray following the new government's fiscal policy announcements.Bloomberg Bloomberg Getty ImagesLONDON – The launched a , announcing a two-week purchase program for long-dated bonds and delaying its planned gilt sales until the end of October.The move came after a massive sell-off in U.K.... + full article
Chicago Sun Times USA Politics October 03, 2022
Mayor Lori Lightfoot urged the City Council Monday to “be bold with me” and “to continue to right historic wrongs” that have created two Chicagos: one for the haves, the other for the have-nots. Delivering the 2023 budget address that will serve as her reelection... + más
Stalking charge dropped against man who fired weapon near Mayor Lightfoot’s home: ‘He was just a disgruntled citizen,’ lawyer says | Chicago Tribune
Mayoral allies urge Lightfoot to scrap plans for $42.7 million property tax increase | Chicago Sun Times
The Boston Globe USA Opinion September 30, 2022
In the real world, workers in their mid-60s are either contemplating retirement or thinking about adding a few years to their working lives before trying to perfect their pickleball game.But the wonderful world of MBTA pensions has never been anything like the “real world.”... + más
Union officials sue MBTA after arbitrator proposes slashing pensions of those who retire before the age of 65 | The Boston Globe
Your State Pension Hates You | Forbes
Los Angeles Times USA Business September 29, 2022
Vladimir Putin's invasion of Ukraine was shock enough for pension funds holding Russian assets, suddenly worth little. Then, the prolonged conflict and lingering pandemic drove inflation to heights not seen in 40 years — raising interest rates and putting an end to a... + más
A good start to fixing the off-the-rails MBTA pension system | The Boston Globe
MarketWatch USA Business September 28, 2022
The Bank of England didn’t delve into details. But the focus on the long end — it’s only buying bonds with maturities of at least 20 years — points to two particular problems. The first has to do with pension funds. They’re not by nature wild speculators. But they are... + más
Rare bear market in bonds strips investors of safe haven | ABC News
Rare bear market in bonds strips investors of safe haven | Associated Press
Forbes USA Business September 27, 2022
When pensioners demand records which will reveal how their retirement savings are invested, state ... [+] pensions routinely respond with hostility—as if plan participants were the enemy, versus owners of the assets.getty State laws mandate that pension fiduciaries have a duty... + más
Swiss mull animal welfare, women's pensions in weekend votes | Associated Press
Swiss may back plan to raise retirement age for women | ABC News
The Boston Globe USA Nation September 27, 2022
The MBTA’s largest union is challenging an independent arbitrator’s decision that would reshape the rules of the MBTA’s $1.66 billion retirement system, including slashing the pensions of those who retire before the age of 65.In the latest chapter of a years-long stalemate... + más
A safer MBTA requires a new watchdog | The Boston Globe
Fox Business USA Business September 24, 2022
'Kennedy' panelists Katie Pavlich, Brad Polumbo and Marie Harf discuss the Federal Reserve raising interest rates by three-quarters of a percentage point to combat inflation. Japan intervened in the on Thursday to buy yen for the first time since 1998, in an attempt... + más
Japan central bank acts to stem yen's decline against dollar | Associated Press
Japan intervenes to prop up the yen for first time in 24 years | CNN
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