Word: pensioners
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...Vermont producing at least 75% of its own electricity and heat, using wind-, solar-, biomass- and hydro-power. They want to establish a Bank of Vermont owned by the people of Vermont - freed from the arbitrary controls of central bankers - as well as a local alternative currency, with Vermont pension and operating funds invested not in Wall Street but in locally owned financial institutions. "We favor devolution of political power from the state back to local communities, making the governing structure for towns, schools, hospitals and social services much like that of small, decentralized states like Switzerland," declares the group...
...staple of strong real estate markets for years. What was different over the past few years was how widespread this Dickensian business model had become, largely fueled by Wall Street money seeking high rates of return. Another difference was how much the general investing public - through university endowments and pension funds - became party to such morally dubious schemes. Consider it another footnote to the Gilded Age we just passed through. (See pictures of Americans in their homes...
...Mendoza, Cobos became provincial governor in 2003 and then quit the Radical Party so he could run as Fernandez's No. 2. Relations between the two quickly soured. Since assuming office, Fernandez has renationalized companies that were privatized in the 1990s including airlines and public utilities, and privatized pension-fund assets worth $30 billion. She also led the country to the brink of a civilian uprising over her brash attempt to levy a hefty tax on the country's lucrative soy exports in 2008. The move, announced just prior to the commencement of the yearly harvest, enraged farmers and caused...
...bonds - will be half of what we've grown used to. Further, the U.S. economy and other [developed] economies have provided as a whole 7% to 9% returns over the past 10, 20 years, and investors got used to that. That's one of the reasons why states and pension funds with the long-term liabilities matched to expectations for double-digit types of returns are facing problems - now they are suddenly having to come to grips with the potential reality of half-sized returns. I think increasingly in 2010 the market will begin to adjust to that...
...veto it. However, lawmakers from the conservative National Action Party of President Felipe Calderón say they will challenge the ruling in the Supreme Court, claiming it contravenes constitutional articles on marriage. Indeed, benefits enjoyed by heterosexual couples under Mexico's federal constitution (including social security, pension and inheritance rights) will still not apply to same-sex couples who marry in Mexico City...