Citi Big Fish Skate, Leave Minnows and Workers Holding The Bag
Pardon me while I yawn. The measly fine that Citigroup is paying to settle civil complaints charging that the bank defrauded investors is really something else: it’s a stay-out-of-jail,...
View ArticleAnd What Do The People Get For This?
On the face of it, it’s a good thing when the labor movement leverages the trillions of dollars–yes, that’s TRILLIONS–that sit in pension funds. It’s been a topic of debate for a long time. The...
View ArticleIt’s Time To Mobilize Workers’ Capital
Here’s a riddle: what large entity has the theoretical access to deploy a few trillion dollars, quickly, if given the chance? If you answered the Chinese or US governments, thank you for playing and...
View ArticleAmerica’s public infrastructure spending is “Daft”, guess who says that?
“With the economy weak and borrowing cheap, it is daft that America’s public infrastructure spending is at a 20-year low, even as the country’s roads, bridges and dams are rated D+ by the American...
View ArticleNation’s LARGEST Pension Fund Sends A Shiver Through Hedge Funds
I’m all for change happening through action in the streets. But, it doesn’t hurt to send a little tremor into the world of the elites in other ways. And that’s exactly what the California Public...
View ArticleHow The Wall Street Guys Nickle-And-Dime Pension Funds To Death
It’s hard enough to amass enough money to retire. It’s even harder when the people charged with investing the money in an IRA charge really ridiculous fees, and you can’t trust the trustees to do the...
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