For some retirees, Congress has played the Grinch this holiday season.
Tucked into the federal spending bill were provisions that will allow certain struggling multi-employer pension plans to reduce benefits already being received by retirees.
The move was the result of an alarm from the Pension Benefit Guaranty Corp. that multi-employer plans covering more than 1 million participants are substantially underfunded and, without legislative changes, will probably fail. The deficit for PBGC’s […]
Ok, we CANNOT murder cops. We cannot give the government a reason to declare “State of Emergency” and whip out that Martial Law.
— CATTY NOIR (@AZEALIABANKS) December 21, 2014
Azealia Banks: We CANNOT murder cops and risk government declaring martial law
AL SHARPTON LEADS MARCH IN DC AS NYC PROTESTERS CHANT: ‘WHAT DO WE WANT? DEAD COPS!’ Joining the families of blacks killed by police, thousands marched toward the capitol and […]
America’s Big Five Are Plunging the World Into Another Banking Crisis
A comeback of the pre-crisis lending practices by the world’s biggest banks could end in another banking crisis. So, what exactly are the banking policies? Radio Sputnik is discussing it with former World Bank economist Peter Koenig.
In his story titled ‘Memories of Financial Crisis Fading as Risks Rise’ an AP economics writer Paul Wiseman points to several factors which banking analysts describe […]
December 20th, 2014
Prior to the crash of 2008 global trade was rocking. It was a boon for shipping companies around the world who are responsible for moving raw materials, commodities and consumer products from one country to another. Wall Street, of course, had devised a way to track all of this movement and often pointed to the Baltic Dry Index (BDI) as the primary indicator for health in the global […]
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With the US raising their debt ceiling, are we in a global bail-out bubble that will eventually burst? This doc offers a fresh insight into the greatest economic crisis of our age: the […]
Our city is hurting, we are hurting. Today we mourn the loss of two NYPD officers who were gunned down in a vicious act of senseless violence.
As soon as news broke of the tragedy in Brooklyn, I spoke with both the families of Eric Garner and Michael Brown. And let me be perfectly clear, we are all outraged and saddened by the deaths of these police officers. Any use of […]
Rows of New York City police officers turned their backs on New York City Mayor Bill DeBlasio at a press conference Saturday night after the murder of two police officers in Brooklyn.
Police union officials blasted Mayor Bill de Blasio Saturday, saying the blood of two NYPD cops who were shot and killed in Brooklyn is on his hands.
“There’s blood on many hands tonight. Those that incited violence on the streets […]
The Federal Bureau of Investigations field office in Baltimore, Maryland issued a warning Friday that the Black Guerilla Family prison was plotting to attack white police officers in the state.
The Baltimore Sun included the report of the threat in an article on the Maryland ties to the execution of two police officers, Rafael Ramos and Wenjian Liu, in New York City Saturday afternoon by Ismaaiyl Abdulah Brinsley.
Brinsley reportedly shot his girlfriend early […]
A third cop narrowly escaped with his life Saturday night when a suspect pointed a gun directly at the officer’s head and pulled the trigger in The Bronx — not realizing it was empty.
Cops went to East 140th Street in Mott Haven at 9 p.m. on reports of a man shooting out windows with a .357 caliber revolver.
They spotted the suspect, identified as Raymond Leonardo, 18, and ordered him to […]
Believe it or not, there are some New Yorkers who actually support the police.
That became clear Friday, when dozens of pro-police protesters faced off at City Hall with anti-cop demonstrators, wearing “I CAN breathe” T-shirts that put a more positive spin on the chant taken from suffocated police suspect Eric Garner’s last words, according to the New York Observer.
Even though Police Commissioner Bill Bratton predicted a low pro-cop turnout and police supporters were clearly […]
President Barack Obama was briefed on the ambush killing of two NYPD cops while on the golf course in Hawaii this afternoon, according to the White House press pool report.
“The President has been briefed on the Brooklyn police shooting. White House officials continue to monitor the situation,” reported Wall Street Journal’s Carol Lee.
Obama endured harsh criticism for golfing minutes after issuing a statement on the beheading of James Foley at the hands of […]
Mayor Bill de Blasio said this is ‘not the time for politics’ following the murder of two police officers in Brooklyn on Saturday.
This as New York City’s police commissioner said the gunman who ambushed and killed two police officers had made online posts that were ‘very anti-police.’
Police Commissioner William Bratton choked up at a news conference at the Woodhull medical Center on Saturday afternoon as he talked about the fatal […]
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“Jamie McGeever on Twitter: “China’s […]
The New York Police Department has declared “war” after two officers were killed Saturday in their squad car while taking part in an anti-terrorism drill by a gunmen said to be taking revenge for the death of Eric Garner.
In the wake of the officer shootings, the NYPD’s union New York Patrolmen’s Benevolent Association issued a bulletin showing that the NYPD are most certainly not taking things lightly.
In read in part, […]
#China #Bubble update – Chinese real estate prices are sliding as the economy slows: http://t.co/I5Xs8ehl3X pic.twitter.com/l4YgbBaw8S
— Jesse Colombo (@TheBubbleBubble) December 20, 2014
HONG KONG — In Dongguan, a sprawling factory city, one real estate developer has cut prices by 15 percent, offered $1,600 worth of free appliances and even brought in a circus and a traveling zoo to move apartments.
In Hangzhou, the affluent hometown of the online retailer Alibaba, families that […]