The market's dramatic selloff was difficult and uncomfortable but merely "choppy seas" for the long-term investor, the CIO of CalSTRS said.» Read More
Jim Iuorio, TJM Institutional Services, and Brian Battle, Performance Trust Capital Partners, discuss how to fix Chicago's financial dilemma, including problems in pensions and the city of Chicago alone having $20 billion unfunded liability.
The inability to curb public pension costs in Illinois led its biggest county to hike the sales tax rate on Wednesday.
Christopher Ailman, CalSTRS CIO, shares his thoughts on investing in hedge funds and where he is seeing investment opportunities. I won't bet on Europe right now, says Ailman.
The California Public Employees' Retirement System says it missed its return target by a wide margin; and Mexico's fire volcano has had steady activity, reports CNBC's Sue Herera.
John Calverley, Head, Global Thematic Research at Standard Chartered, warns of looming trouble in Greek politics.
Lindsey Piegza, Chief Economist at Stifel Fixed Income, says getting the Greek population on board with Monday's bailout plan will require "extreme political maneuvering."
Guillaume Chatain, Executive Director and Head of Equity Solutions at JP Morgan Private Bank, expects Athens to seek changes to Monday's bailout deal over the next couple of months.
New Jersey is a "wonderful window" into world credit problems, said market-watcher Jim Grant, a day after Gov. Christie announced a presidential run.
Luigi Zingales, co-author of Saving Capitalism and a professor at University of Chicago Graduate School of Business, says he would consider high-yield bonds for his pension, despite the risk.
David Kuo, CEO of The Motley Fool, Singapore, outlines the sticking points that are keeping Greece and its creditors from reaching a deal.
More than 30 states face a budget shortfall in fiscal 2015, and many have 5% or less in reserve. It's a red flag that big trouble is ahead.
Sallie Krawcheck, Ellevate Network, explains how closing the gender pay gap will go a long way to solving the social security crisis and grow the economy.
David Tawil, Maglan Capital president, joins CNBC's Rick Santelli, to discuss pension issues.
Illinois needs urgent legislative reform to combat its ever-growing debt crisis, and Democrats are holding things up, GOP state Rep. Jeanne Ives says.
As Chicago's municipal bonds continue to be downgraded, an advisor says something has to be done on the political level.
A senior director at Standard & Poor's said on Friday that there are still options beyond default or bankruptcy for Chicago and Illinois.
The city of the broad shoulders is facing its own financial problems, but comparisons to Detroit are far off the mark.
Rupert Curtis, managing director of Curtis Banks, says he hopes for more sensible investments by people opting to drawdown their pensions.
The Greek government scrambled to pay pensions and public sector salaries after failing to reach agreement with international lenders. The Financial Times reports.
The workforce is graying, and a new study says that's a good thing. Think experience, loyalty, and more.