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Pensions

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  • Many Like Idea of Spending Cuts More Than Reality: Poll Wednesday, 17 Nov 2010 | 6:30 PM ET

    Americans are skeptical that the mid-term elections will produce much change in Washington—and one reason is their own resistance to deep cuts in federal spending and deficits.

  • Honeywell took a bold step today when it changed its pension accounting, going going to the sometimes controversial (but generally preferred by accounting types) mark-to-market accounting.

  • Is It Really a Pension? It’s a Problem Friday, 5 Nov 2010 | 10:36 AM ET

    Is Social Security a pension plan? No, but it was sold to the public in the 1930s as if it were one, and that matters. The New York Times explains.

  • US Public Pensions Face Day of Reckoning Monday, 1 Nov 2010 | 5:54 AM ET

    Wilshire Associates estimates that as of June 2009, state pension plans were just 65 percent funded, while local government plan funding stood at 74 percent. The FT reports.

  • Greenberg: Chinese IPO Bubble Brewing in U.S.? Friday, 29 Oct 2010 | 3:52 PM ET

    There’s no stopping Chinese IPOs.  Twenty-four of them this year—double last year, according to Renaissance Capital.  And investors love them: Bidding them up on average by 13 percent on the first day of trading. Why care?

  • Big US cities could be squeezed by unfunded public pensions as they and counties face a $574 billion funding gap, a study to be released on Tuesday shows. The Financial Times reports.

  • For decades, public pension funds have bankrolled the private equity industry. Now, frustrated by what it sees as expensive fees and lack of transparency at private equity firms, one state has decided on a do-it-yourself approach. The NYT reports.

  • Calpers Bumped Pay as Fund Dived Tuesday, 21 Sep 2010 | 4:19 AM ET

    As its investment portfolio was losing nearly a quarter of its value, the country's largest public pension fund doled out six-figure bonuses and substantial raises to its top employees, an analysis by The Associated Press has found.

  • Nasdaq OMX  CEO Bob Greifeld says he thinks the steps the SEC has taken since the so-called Flash Crash will prevent another market meltdown from happening.

  • Retirement on Hold: American Workers $6 Trillion Short Wednesday, 15 Sep 2010 | 7:00 AM ET

    A new study by Boston College's Center for Retirement Research says Americans are $6.6 trillion short of what they need to retire.

  • HFT: The Good and the Bad Monday, 13 Sep 2010 | 5:02 PM ET

    More than half of all stock trades are the result high-frequency trading. Does that put the system at risk?

  • The Key Players Monday, 13 Sep 2010 | 4:53 PM ET

    There are nearly 50 trading venues. Customers can interact in all of them--making today's trading so complicated.

  • The ETF Monster Monday, 13 Sep 2010 | 4:43 PM ET

    Worries about the role ETFs play in changing the nature of how people invest and the market’s high correlation to itself.

  • SEC Accuses New Jersey of Securities Fraud Thursday, 19 Aug 2010 | 7:46 AM ET

    The Securities and Exchange Commission said the action was its first ever against a state, and only its second against any government over the handling of a public pension fund.

  • Facing Pension Woes, Maine Looks to Social Security Wednesday, 21 Jul 2010 | 11:02 AM ET
    Social Security Card

    Lawmakers in Maine have found an unusual tool for tackling their state’s pension woes: Social Security. The NYT reports.

  • Diageo Uses Scotch to Plug Gap in Pension Plan Friday, 2 Jul 2010 | 10:57 AM ET

    Diageo, the maker of Johnnie Walker whiskey, found an innovative way to plug a gaping deficit in its pension plan: put aside 2 million barrels of maturing whiskey from its distilleries in Scotland. The NYT reports.

  • SkyBridge Completes Acquisition of Citi Hedge Fund Unit Wednesday, 30 Jun 2010 | 1:23 PM ET

    The managing partner of Skybridge Capital wants to 'mutualize' the hedge fund industry because of the lukewarm performance of in the industry.

  • Small Businesses Still Worried About Reform Bill Saturday, 22 May 2010 | 11:44 AM ET

    The potential impact of financial reform on banks is obvious but many small businesses are worried about how it will affect them and their ability to extend credit to customers—or hedge against potential losses.

  • Padded Pensions Add to New York Fiscal Woes Friday, 21 May 2010 | 10:48 AM ET

    Public pension costs are ballooning everywhere, throwing budgets out of whack and raising the question of whether venerable state pension systems are viable. The New York Times reports.

  • Calpers Sticking With Goldman for Now: CIO Monday, 26 Apr 2010 | 5:18 PM ET

    A large investor in Goldman Sachs is not ready to abandon the beleagured financial services giant just yet.