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...“Those images of abandoned buildings and a bankrupt city is the last impression we made,” he said. But since then, “the city of Detroit has been strongly coming back”....
...One day after April Fools’, the $495bn California Public Employees’ Retirement System has announced that another sucker has decided to subject themselves to what might be the worst job in the entire global...
...But lawyers warn that much of the rest of the justice system is facing a crisis....
...How the Ford family revived the Detroit Lions Ten years ago last July, the city of Detroit became the largest US city to ever file for bankruptcy, laden with more than $18bn in debt after decades of industrial...
...The plan is designed to alleviate pressure on a pension system that is expected to come under huge strain in the next few years as a whole generation of “baby-boomers” born in the 50s and 60s enters retirement...
...The UN secretary-general warned that the war between Israel and Hamas had brought the humanitarian system in Gaza to the verge of collapse, and risked “aggravating” threats to “international peace and security...
...The California Public Employees’ Retirement System has named a former top executive at the New Zealand sovereign wealth fund to direct the largest US public pension plan’s investments following the abrupt...
...Nearly two-thirds of the voting members of the United Auto Workers union voted to ratify their contracts with Ford, General Motors and Stellantis after their historic strike against the three Detroit automakers...
...The BlackRock chief also warned that the rise of defined contribution pension plans had combined with the growing strain on the social security government retirement programme to leave the US particularly...
...Fears about the US retirement system have been swirling for years, as the working-age share of the US population falls and more retirees live into their 80s....
...such as washing machines and aircraft, while the Case-Shiller index’s 20-city composite is updated....
...These funds did not appear at all in the previous tax year, when Legal and General Group, Aviva, Rio Tinto, Jupiter Asian Income — which focuses on high-yield Asian companies — and BAE Systems made up the...
...The ECB puts housing wealth at around 350 per cent of GDP. The present value of pension entitlements under current social insurance systems are in the same ballpark....
...of return are not the same as distributions)....
...The portfolio shake-up, which was confirmed after a scheduled asset allocation review, will bring the California-based plan into line with other big retirement systems in the US, including Calstrs, which...
...The latest appeals came after a Russian missile attack on Chernihiv, a city 150km north of the capital Kyiv, on Wednesday....
...south-eastern city of Rzeszów....
...The Texas Retirement System incorporated leverage within its individual asset allocations in 2019 to improve the “risk return profile” of the fund....
...Once a heart-rending symbol of just how far my mighty hometown had fallen, it has become a token of how Detroit has bounced back in the 10 years since it became the largest US city ever to declare bankruptcy...
...of retirement remaining....
...In the coming months, the inquiry will hear testimony from several former general counsel at the Post Office, each of whom will give evidence against the backdrop of a debate about whether the role of an...
...Housing is likely to be a flashpoint in the UK general election that is very likely to be called this year, as the main parties look for ways to expand the supply of new homes and free up existing “under-occupied...
...Britain’s £1.4tn DB retirement system serves about 10mn retired and current private-sector employees....
...Workers had already received a raise after the UAW signed new contracts with the Detroit automakers in November. Observers called it the “UAW bump.”...
...The UAW, established in the 1930s, last year won record pay increases for 146,000 members whom the union represents at Ford, General Motors and Stellantis after it launched six weeks of strikes against the...
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