Sep 26 Watch Protesters March on Greek Parliament to Protest Wage Cuts and Privatization With nearly 70,000 people marching toward the parliament in Athens, Greece saw its largest protests since May 2011. Greeks were angered by cuts in wages, pensions and welfare that the debt-ridden country enacted to meet budget targets. Independent Television News'… Continue watching
Jun 30 Troubled By Our Pension Post? Here’s Our Response By Elizabeth Shell // Watch Paul Solman's report, 'Is Your Pension Safe? States Struggle With Pricey Challenges.' Our blog post on pension contributions received a supposed "correction" which itself generated some reaction. We reproduce "DougMartin10th's" original comment and my response below. Even… Continue reading
Jun 22 Watch Is Your Pension Safe? States Struggle With Pricey Challenges As part of his continuing coverage of Making Sen$e of financial news, economics correspondent Paul Solman reports from Rhode Island on the struggles that states are facing over how to calculate investment returns for public pension funds to keep them… Continue watching
Dec 25 Watch Billions in Pension Payments Loom for Struggling State Budgets In a weak economy, many states, cities and towns may be facing billions of dollars in pension liabilities that are currently underfunded. Spencer Michels reports from California on that state's pension challenge. Continue watching
Oct 14 It seems to me that FDR may have saved the traditional banking system. What do you think? By Business Desk Question: First, it seems to me that FDR saved the traditional banking system. I’ve checked the account of the plan they came up with during the “bank holiday” in the second Schlesinger book and… Continue reading
Sep 22 If someone said to you, I have $100,000 of hard earned money saved, where would you invest it? Question/Comment: If someone said to you, I have $100,000 of hard earned money saved, where would you invest it? Paul Solman: In U.S. government TIPS, Treasury Inflation-Protected Securities, I suppose. They pay an… Continue reading
Sep 26 Watch Autoworkers, GM Agree to Health Care Trust, Other Benefits The United Auto Workers union and General Motors reached a tentative agreement on Wednesday that includes a health care trust fund for retirees. A journalist based in Detroit explains the ramifications of the deal. Continue watching
Aug 08 Watch Obama, Clinton Openly Spar at AFL-CIO Forum Seven of the Democratic presidential candidates debated again Tuesday night in Chicago at the AFL-CIO-sponsored forum that turned into the most spirited meeting yet. The NewsHour reports on the debate's highlights and what they mean for the race to the… Continue watching
Oct 23 Former Enron CEO Sentenced to 24 Years By PBS News Hour Former Enron CEO Jeffrey Skilling was sentenced Monday to 24 years and three months in prison for his part in crimes that led to the one-time energy giant's collapse. Continue reading
Jul 04 Watch High Pension Costs Hurt Business In an excerpt from a Frontline report, Hedrick Smith examines the problems that maintaining traditional pensions is having on middle-class Americans. Continue watching