Hard hitting global and local news
In a interview yesterday on Zeit Online, Greek finance minister Yanis Varoufakis admitted the obvious truth: "I’m the Finance Minister of a Bankrupt Country" . It took an amazing amount of time to admit the obvious truth, but the important point is the truth is finally on the table. Effectively, Greece finally admitted that it has no more funds to pay the bully
Illinois Has Worst Pension Crisis, Needs Boldest Reforms, Not More Tax Hikes Governor Pat Quinn passed Illinois’ largest tax hike on record immediately after he was elected.
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View article: Harris v. Quinn: A Mother Petitions the Supreme Court in Fight Against Parasitic Unions
Read the original post: Christine Lagarde Warns of Lord Voldemort, Hopes to Put Deflation Ogre in a Bottle
In October, the Federal judge overseeing the Detroit bankruptcy came flat out and stated Protecting Detroit pensions may violate bankruptcy code In an exchange with an attorney representing Detroit’s two pension funds, U.S.
Also consider Chicago’s triple-notch credit downgrade Pension costs are already unraveling the state’s finances. Now it’s the city of Chicago’s turn.
View the original here: Should be standard feature in high-rise neighborhoods
I bring this up because I stumbled on a MarketWatch article Hate your commute now? Just wait 5 years Here is slide number 5 of 13