Chicago State Comptroller Faces Lawsuit Over Pensions
The Illinois state comptrollers office is being sued by the city of Chicago over claims that the state has been diverting money that should be…
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Pennsylvania Pension Gets Green Light For Reduction In Benefits
The Western Pennsylvania Teamsters & Employers Pension Fund has received approval by The US Treasury Department for a benefit reduction application. The application would allow…
Illinois Police And Firefighter Pensions In Need Of Oversight According To Audit
A recent report by the auditor general of Illinois claims that the Illinois police and firefighters pensions were not examined as required per state law….
Experimental Walmart AI-Store Makes An Appearance
A town in Levittown, NY is now home to the new Walmart Inc. (NYSE:WMT) “store of the future.” The new Walmart store features AI controlled…
New Report Says Endowments Fearful Of Economic Slowdown
Consulting Firm NEPC has recently released a survey indicating that many endowments and foundations are expecting a worsening economic outlook. According to the report, the…
New Pension Bill? Kentucky Attempts Another Go At Reform
The legislative session for Kentucky ended with a failure to enact any long overdue pension bill reforms. The governor vetoed the current pension proposal but…
Elon Musk Wishes Tesla Was A Private Company As Earnings Shock
Earnings news for Tesla Inc. (NASDAQ:TSLA) was a bit somber as the electric car maker announced lower than expected losses. The electric car company reported…
Harvard Faces Call From Activist Group To Divest In Fossil Fuels
During the University’s “Heat Week”, an organized campaign to spark debate regarding climate change and Harvard University’s role in it, a student group called Divest…
US Corporate Pension Funds See Improvement In Funding Ratio For 2018
A new report by consulting firm Milliman published the performance of the 100 largest corporate defined benefit pension plan sponsors and the results may give…
Netflix Experiments With New Channel Surfing Feature
The world of streaming has practically done away with the serendipitous moment of flicking channels to find that one episode or movie that you would…