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Tag: Pension Crisis

Mass Protests Against Austerity Measures in France

Over 100,000 people took to the streets of France to protest government mismanagement. The people are demanding that Prime Minister Sébastien Lecornu reverse...

Chicago’s Pension Funds are Nearly Insolvent – Incoming $28m Bailout

Chicago is stepping in to lend cash to its underfunded pensions so they have enough money to avoid asset sales to cover retirement checks as they wait for property...

French Pensioners Earn More than Working Adults

The average French pensioner receives a larger payout than working-aged adults. France has one of the highest replacement rate packages of any OECD nation at around...

The World’s Largest Pension Fund Down $61B Last Quarter – Warning for Japan

The world’s largest pension fund, the Government Pension Investment Fund (GPIF) of Japan, reported a $61.1 billion loss for the first quarter of the year. Half...

70% of American Cities in Debt – Pension Crisis will Cause Taxes to RISE

A study by Truth in Accounting (TIA) revealed that 70% of America’s largest cities fell into a deficit in fiscal year 2022. Out of the 75 cities studied, 53...

Ukraine Cannot Pay Govt in 2024 Without Billions from the West

Most do not realize that the West has been funding Ukraine’s entire government. Biden and other world leaders have promised Zelensky that they would fund the...

US Government Gets a Raise by Executive Order

President Biden has signed an executive order to implement a 5.2% pay raise for civilian federal workers in 2024, which is the largest pay increase for the federal...

Swiss Man Identifies as a Woman to Retire Early

As of January 1, Swiss citizens may change their gender on paper for the price of 75 Swiss francs. Four days after the law was implemented, a man (born XY) by the...

South Korea’s Pension Crisis

The Korea Economic Research Institute (KERI) believes that the youth born after 1990 will be unable to claim their pensions as the current system is close to...

The Rising Great Divide

COMMENT: Marty, Your last post rings so true. Which why I feel a bit hopeless about CA. Florida, with DeSantis leading is definitely heading in the right...