Por: The New York Times Business October 01, 2022
Plans by Britain’s new prime minister, Liz Truss, to cut taxes and freeze energy bills landed like a bomb in a niche corner of financial markets, hitting government bond prices so hard that the Bank of England was compelled to intervene, and highlighting how obscure derivatives can still shake up the global financial system more than a decade after the 2008 financial crisis.On Wednesday, 30-year British government bonds swung more in a day... + full article
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
CNBC USA 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... + más
Millions more to fight crime and homelessness, help immigrants: Lightfoot makes case for ‘bold’ 2023 budget | Chicago Sun Times
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
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