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Retirements - Pensions
An All-American Retirement System: Building for the Future
By : William John Cox - Wednesday April 6, 2011
While Congress bickers and the President dithers, roads are crumbling, bridges are failing, dams are cracking, and water and sewer systems are leaking all across the United States. If that’s not enough to worry about, the government is threatening to default on the $2.5 Trillion it has borrowed from the Social Security Trust Fund, and few private employers are offering decent retirement plans. A simple solution to all of these problems can be found in a secure national retirement (...)
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France joins Ireland in ‘raiding national pension fund’
By : Max Julius - Tuesday November 30, 2010
France has reportedly passed a law to use the assets in its €36 billion national reserve pension fund to pay off welfare system debts, as Ireland tapped its own reserve pension fund to supplement an EU-IMF bailout. The assets of the French pension fund, the Fonds de réserve pour les retraites, have been moved into the agency in charge of refinancing the country’s social debt, Cades, Financial News reported. According to the newspaper, the fund will continue to control the (...)
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Financial News: France Seizes EUR36 Billion Of Pension Assets
By : George Coats - Tuesday November 30, 2010
Asset managers will have the chance to get billions of euros in mandates in the next few months for the EUR36 billion Fonds de R??serve pour les Retraites (FRR), the French reserve pension fund, after the French parliament last week passed a law to use its assets to pay off the debts of France’s welfare system. The assets have been transferred into the state’s social debt sinking fund Cades. The FRR will continue to control the assets, but as a third-party manager on behalf of (...)
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Sarkozy should retire, says France
By : Mark Weisbrot - Wednesday October 27, 2010
By taking to the streets to defend their pension rights from regressive cuts, the French are fighting for all our benefits The demonstrations that have rocked France this past week highlight some of its differences from the United States. The photo here, for example shows the difference between rioting in baseball-playing versus soccer-playing countries. In the US, we would pick up the tear gas canister and throw it, rather than kick it, back at the police. More importantly, the French (...)
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sarkozy’s own pension scheme
By : judecannes - Tuesday October 19, 2010
Politis, a french news paper explain one reason mr Sarkozy could be interested in passing his reform. His brother, Mr guillame Sarkozy his at the head of a company created in 2008 that sell pension scheme. Politis says, banks and insurance companies are looking forward the application of the reform that pushes the retirement age from 60 to 62. Mr Sarkozy (guillaume) is looking for a benefit of 1.2 billion euro within a few years. His company, has already make plans toward it. All that (...)
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US Departments of Labor and Treasury Schedule Hearing on Confiscation of Private Retirement Accounts
By : Patrick A. Heller - Sunday September 5, 2010
US Departments of Labor and Treasury Schedule Hearing on Confiscation of Private Retirement Accounts By Patrick A. Heller on September 1st, 2010 (http://www.dol.gov/ebsa/newsroom/20...). It lists the agenda for the joint hearings being held with the Department of Treasury September 14-15, 2010 on what is euphemistically called “lifetime income options for retirement plans.” The hearings are being conducted by the Labor Department’s Employee Benefits Security (...)
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Collapse of Pension Funds: The End of Retirement?
By : Solve et Coagula - Saturday December 13, 2008
Collapse of Pension Funds: The End of Retirement? by Shamus Cooke Global Research, December 13, 2008 Unless things change fast, human history will show that the phenomenon of “retirement” was limited to one generation. After World War II, when European and Japanese economies stood in tatters, American capitalism could fulfill “the American dream,” since there was little foreign competition to speak of. For the first time ever, workers were promised that — (...)
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Solidarity with Grangemouth Workers !
By : pension - Monday April 28, 2008
Solidarity is proud to offer our 100% support to the oil refinery workers at Grangemouth. For the “crime” of refusing to accept the tearing up of their pension scheme they have been vilified by the Ineos management and sections of the press in Scotland. In a disgusting campaign the oil workers have been accused of “holding the country to ransom” and of being “hell bent on strike action.” In reality it is the Ineos Company led by billionaire James (...)
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Greeks stage third nationwide general strike since December
By : ATHENS - Thursday March 20, 2008
The Associated Press Wednesday, March 19, 2008 ATHENS, Greece: Riot police fired tear gas at demonstrators throwing rocks and firebombs in central Athens during a nationwide general strike Wednesday by millions of Greeks protesting government pension reforms. An estimated 100,000 people marched in downtown Athens, and when the demonstration ended, groups of anarchists fought running battles with riot police in the capital. Clouds of tear gas hung over Exarhia Square and cafe customers (...)
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ONE MILLION WALK OUT BRITAIN’S BIGGEST DAY OF ACTION SINCE 1926 GENERAL STRIKE
By : Philip Johnston - Wednesday March 29, 2006
Strike protests in Paris and London By Philip Johnston It was the best of strikes and it was the worst of strikes. Across Britain and France millions of public sector workers stopped work, in the former to protest about pension reforms and in the latter to block new youth employment contracts. But whereas in Britain the day was marked by nothing more revolutionary than picket lines and rallies, in France it ended with clashes on the streets. In Paris, where 700,000 marched, police used (...)
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Fearing Social Unrest, China Tries to Rein in Unbridled Capitalism
By : China - Monday January 23, 2006
1 comment
With a fast-graying population, increasing pollution and environmental damage and the absence of a real social system, Beijing is now seeking to check unbridled capitalism and quell flaring social tensions. Not so long ago, nouveau-riche Chinese could be seen standing in lines several hundred yards long. They were registering to purchase luxury condos in Shanghai — such was the demand. Hoping that prices would continue to rise — as they have over the past four years, by a full (...)
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US Pensions: Capitalist Disaster
By : Rick Wolff - Monday January 9, 2006
1 comment
by Rick Wolff The US pension systems for workers are now widespread disasters. Many corporations and many cities and states lack the money to pay all the benefits they have promised and legally owe to present and future retirees. Estimates of the shortfall range around $450 billion in the private sector plus at least another $300 billion in the public sector. Retired workers with lost or reduced pensions suffer extra strain on family and household finances. Millions now working expect (...)
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A Fight for the Future
By : Joshua B. Freeman - Sunday January 1, 2006
by JOSHUA B. FREEMAN Editor’s Note: Bus and subway workers in New York City agreed to return to work and to the bargaining table Thursday as negotiators for the Transport Workers Union and the Metropolitan Transit Authority worked on a final settlement after a two-day strike that immobilized the city. Joshua B. Freeman examines the history and issues at stake: the fight against the lie that abstract, neutral economic necessity, not the ideas and interests of the rich and powerful, (...)
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Belgium hit by second mass strike
By : Belgium - Sunday October 30, 2005
4 comments
Belgian workers have caused widespread disruption with a 24-hour national strike in protest at government plans to up the retirement age from 58 to 60. Few buses and trams were running in most cities, and Charleroi airport, south of Brussels, was shut down. Trains were not affected as unions wanted them to keep running to carry people to protests in the capital. Tens of thousands of protesters have been marching through Brussels to get the prime minister to reconsider. A primary school (...)
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UK pension ’near lowest in West’
By : London - Monday July 25, 2005
2 comments
UK pension ’near lowest in West’ Britain’s state pension is one of the lowest among the richest nations, a report by the Organisation for Economic Co-operation and Development claims. In a comparison of pensions in OECD countries, Britain’s state pension ranks 26th out of 30 in the percentage of average post-tax salary it pays out. A Briton on average pay of £22,000 could expect their pension to be less than 48% of their post-tax earnings. The average pay-out (...)
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Russian pensioners take to the streets in protest at benefit cut
By : Andrew Osborn - Monday January 17, 2005
1 comment
by Andrew Osborn Moscow. Thousands of Russian pensioners staged protests across the country yesterday against the abolition of generous Soviet-era social benefits. Though the demonstrations were peaceful, analysts said the protests were the most serious in Russia since 1998, when disgruntled coal miners blocked railway tracks in protest at unpaid wages. Yesterday was the third consecutive day of demonstrations, which have stretched from Russia’s Far East to Moscow itself and at (...)
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DAZIBAO
I, European citizen, won’t let refugees be rejected in my name
Thursday 10 March
©Olivier Jobard/Myop I, European citizen, won’t let refugees be rejected in my name THE RIGHT TO ASYLUM IS A RIGHT In the phrase « right to asylum », every word matters. Under the law, every person who is persecuted because of his or her political opinions or because of his or her identity, every person that is endangered by violence, war or misery has a RIGHT to seek asylum in another country The aim of this petition is to collect (...)
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Neo-Nazis and far-right protesters in Ukraine 3 live-stream
Friday 24 January
2 comments
The far-right in Ukraine are acting as the vanguard of a protest movement that is being reported as pro-democracy. The situation on the ground is not as simple as pro-EU and trade versus pro-Putin and Russian hegemony in the region. When US Senator John McCain dined with Ukraine’s opposition leaders in December, he shared a table and later a stage with the leader of the extreme far-right Svoboda party Oleh Tyahnybok. This is Oleh Tyahnybok, he has claimed a "Moscow-Jewish mafia" (...)
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Hugo Chavez is dead (video live)
Wednesday 6 March
by : Collective BELLACIAO
1 comment
President Hugo Chavez companeros venezueliano died after a long battle with cancer.
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International initiative to stop the war in Syria Yes to democracy, no to foreign intervention!
Thursday 13 December
Your support here: http://www.peaceinsyria.org/support.php We, the undersigned, who are part of an international civil society increasingly worried about the awful bloodshed of the Syrian people, are supporting a political initiative based on the results of a fact-finding mission which some of our colleagues undertook to Beirut and Damascus in September 2012. This initiative consists in calling for a delegation of highranking personalities and public figures to go to Syria in order to (...)
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THE KU KLUX KLAN ONCE AGAIN CONTROLS INDIANA
Monday 12 November
by : David R. Hoffman, Legal Editor of Pravda.Ru
7 comments
At first glance, the results of America’s 2012 election appear to be a triumph for social, racial, and economic justice and progress in the United States: California voters passed a proposition requiring the rich to shoulder their fair share of the tax burden; Two states, Colorado and Washington, legalized the recreational use of marijuana, while Massachusetts approved the use of marijuana for medical purposes; Washington and two other states, Maine and Maryland, legalized same-sex (...)
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I’VE DECIDED TO "WASTE" MY VOTE
Sunday 28 October
by : David R. Hoffman, Legal Editor of Pravda.Ru
In a 2004 episode of Comedy Central’s animated series South Park, an election was held to determine whether the new mascot for the town’s elementary school would be a “giant douche” or a “turd sandwich.” Confronted with these two equally unpalatable choices, one child, Stan Marsh, refused to vote at all, which resulted in his ostracization and subsequent banishment from the town. Although this satirical vulgarity was intended as a commentary on the two (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART IV
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART I PART II PART III If there is one major inconsistency in life, it is that young people who know little more than family, friends and school are suddenly, at the age of eighteen, supposed to decide what they want to do for the rest of their lives. Unfortunately, because of their limited life experiences, the illusions they have about certain occupations do not always comport to the realities. I discovered this the first time I went to college. About a year into my studies, I (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART III
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART I PART II PART IV Disillusioned with the machinations of so-called “traditional” colleges, I became an adjunct instructor at several “for-profit” colleges. Thanks largely to the power and pervasiveness of the Internet, “for-profit” colleges (hereinafter for-profits) have become a growing phenomenon in America. They have also been the subject of much political debate and the focus of a Frontline special entitled College Inc. Unlike traditional (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART II
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART I PART III PART IV Several years ago, a young lady came into the college where I was teaching to inquire about a full-time instructor’s position in the sociology department. She was advised that only adjunct positions were available. Her response was, “No thanks. Once an adjunct, always an adjunct.” Her words still echo in my mind. Even as colleges and universities raise their tuition costs, they are relying more and more on adjunct instructors. Adjuncts are (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART I
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART II PART III PART IV When The Bill of Rights was added to the United States Constitution over two hundred years ago, Americans were blessed with many rights considered to be “fundamental.” One conspicuously missing, however, was the right to an education. This was not surprising given the tenor of the times. America was primarily an agrarian culture, and education, especially higher education, was viewed as a privilege reserved for the children of the rich and (...)
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ONE SOLITARY LIFE, PART TWO
Monday 30 July
by : David R. Hoffman, Legal Editor of Pravda.Ru
3 comments
If there is one universal question that haunts all human beings at some point in their lives, it is, “Why do we die?” Death, after all, is the great illogic. It ultimately claims all, the rich and the poor, the mighty and the small, the good and the evil. Death also has the capability to make most human pursuits—such as the quest for wealth, fame and power—vacuous and fleeting. Given this reality, I have often wondered why so many people are still willing to (...)
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HOW MUCH CORRUPTION CAN DEMOCRACY ENDURE?
Thursday 28 June
by : David R. Hoffman, Legal Editor of Pravda.Ru
6 comments
How much corruption can a “democracy” endure before it ceases to be a democracy? If five venal, mendacious, duplicitous, amoral, biased and (dare I say it) satanic Supreme Court “justices”—John Roberts, Samuel Alito, Antonin Scalia, Clarence Thomas and Anthony Kennedy—have their way, America will soon find out. In several previous articles for Pravda.Ru, I have consistently warned how the Supreme Court’s 2010 Citizens United decision is one of the (...)
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DEMOCRACY IN THE HANDS OF IDIOTS, PART TWO
Tuesday 12 June
by : David R. Hoffman, Legal Editor of Pravda.Ru
1 comment
Imagine, if you will, that the United States government passes a law banning advertisers from sponsoring commercials on Rush Limbaugh’s radio show or Rupert Murdoch’s Fox (Faux) “News” Network. On one hand, there would be two decided advantages to this ban: The National IQ would undoubtedly increase several percentage points, and manipulative pseudo-journalists would no longer be able to appeal to the basest instincts in human nature for ratings and profit while (...)
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DEMOCRACY IN THE HANDS OF IDIOTS
Thursday 7 June
by : David R. Hoffman, Pravda.Ru Legal Editor
4 comments
LIVE, from the State that brought you Senator Joseph McCarthy, Wisconsin voters now proudly present, fresh from his recall election victory, Governor Scott Walker! At first glance, it is almost unfathomable that anyone with a modicum of intelligence would have voted to retain Scott Walker as Wisconsin’s governor. This, after all, is a man who openly declared he is trying to destroy the rights of workers through a “divide and conquer” strategy; who received 61% of the (...)
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PEOPLE WITHOUT SOULS
Tuesday 13 March
by : David R. Hoffman, Legal Editor of Pravda.Ru
2 comments
A question I’ve frequently been asked since I began writing for Pravda.Ru in 2003 is, “Why did you become disillusioned with the practice of law?” This question is understandable, particularly since, in most people’s minds, being an attorney is synonymous with wealth and political power. I’ve always been reluctant to answer this question for fear it will discourage conscientious and ethical people from pursuing careers in the legal profession—a (...)
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