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26 Jul 2010 20:22

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Biz: BP drama: Tony Hayward’s heading to Russia – with his pension!

  • $930k the amount he gets from his pension when he quits in October
  • 1 yearthe amount of salary he takes with him, or $1.4 million dollars
  • $15Mthe total value of his pension – plus his life back! source
  • » Plus, there’s more: Hayward also has a sizable amount of stock, and whenever he cashes that out, he’ll be an extremely rich man – he’ll be worth several million.
Posted by Ernie Smith • 0 Comments • Permalink

30 Jun 2010 10:00

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U.S.: Obama stays classy with Stanley McChrystal, guarantees his pension

  • classless Gen. Stanley McChrystal’s staff absolutely rips on the Obama administration and its civilian staff in Afghanistan in a Rolling Stone article. Everyone freaks.
  • classy Despite getting McChyrstal’s resignation over the incident, the president guarantees the four-star general will retire like one. Good move, Obama. source
Posted by Ernie Smith • 0 Comments • Permalink

16 Jun 2010 11:04

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World: The French upset because they have to work two extra years

  • 60 the current retirement age for people living in France
  • 62 the new retirement age for French people – it’ll change by 2018
  • yes the socialists in the country are really mad about this source
Posted by Ernie Smith • 0 Comments • Permalink

07 Apr 2010 11:05

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U.S.: Debt-ridden California owes a lot of money in pensions

  • $500
    billion     amount the state owes in
    pensions, according to a Stanford
    University study
  • 2,000%
    increase     the amount California’s
    pension burden increased between 1999 and 2009 source
  • » Why is this bad for California? David Crane of the L.A. Times notes that this pension burden is what’s really holding the state back. Because they have this huge albatross on their back, they’re forced to cut other, arguably more important things, like education.
Posted by Ernie Smith • 0 Comments • Permalink

09 Jun 2009 21:37

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Biz, U.S.: SCOTUS uses super-tight language to allow the Chrysler sale

  • Our assessment of the stay factors here is based on the record and proceedings in this case alone.
  • Supreme Court Justice Ruth Bader Ginsburg • In her four-paragraph decision in “Indiana State Police Pension Trust v. Chrysler LLC,” which was the main roadblock in the way of the Chrysler-Fiat sale. Why the wording? It’s likely they didn’t want to set a standard for any sort of GM sale. The decision, by the way, hinged on whether Chrysler was being discriminatory towards the pension program in its actions, which it wasn’t. Everyone’s getting screwed the same way. • source
Posted by Ernie Smith • 0 Comments • Permalink

08 Jun 2009 17:03

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Biz, U.S.: The Supreme Court blocks the Chrysler/Fiat sale. Whoa!

  • Wow. That was unexpected. The one thing that could stop the Chrysler/Fiat sale just happened. Justice Ruth Bader Ginsburg delayed the sale “pending further order.” Three Indiana state pension and construction funds were among the foremost opponents of the sale, which they felt left them financially out of the loop. The final sale, which the bankrupt company was counting on, could be delayed for weeks while the court makes a decision. Stay tuned to this Spidey-station. source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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