Hints and tips:
...The government’s response to low valuations of UK stocks has been somewhat unconvincing — telling pension funds to be more transparent as to where they are invested and introducing a £5,000 additional allowance...
...For the nine firefighters of Engine House No. 425 in East St. Louis, Illinois, the looming US pension crisis is not some distant concern that will play out during their retirement....
...KBW is owned by Stifel Financial, which is based out of St Louis, Missouri....
...That means that pension plan sponsors, private equity, hedge fund managers and the rest of the money management universe could lose their income and reasons for being....
...asked one St Louis-based shareholder. Mike O’Neill, Citi chairman, told the audience, in rare comments: “You’re never going to find out chapter and verse of what we learned from the Fed.”...
...The St Louis-based group is now free to modify its agreement with retirees of the United Mine Workers of America union in order to reduce $1.6bn of healthcare liabilities....
...And the cost of borrowing money will probably fall, making it cheaper for a young couple in St. Louis to buy a house. Sometimes it doesn’t even take a full sentence, but a single word....
...staid pension funds and endowments....
...William Poole (below), governor of the St Louis Fed, said last August that “punishment” had been “meted out to those who have done misdeeds and made bad judgments,” in what was seen as a message that market...
...His own father worked as a porter on the trains on the Frisco tracks that ran through Tulsa, carrying passengers from St Louis to San Francisco....
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