Tag Archives: Pay

Chicago Levies PlayStation Tax To Pay For Bankrupt Municipal Pension System And Massive Deficits – Confounded Interest

Chicago IL (should be ILL) is the poster child for an insane pension program (mostly to municipal workers and public school teachers). But not only in the city of Chicago, but the state of ILLinois as well. Consider that the unfunded liability in the state’s combined retirement systems has risen in 11 of the state’s past 12 years—despite a roaring ...

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President Trump, Mnuchin Call For GM To Pay Back Federal Bailout

GM is facing political backlash from their recent decision to close several North American plants and layoff nearly 15,000 employees. Here are the details… from Zero Hedge President Trump made his frustration with GM abundantly clear on Tuesday when he threatened to cut all EV subsidies to the Detroit carmaker. But on Wednesday both the president, this time joined by ...

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Companies Pay Down Debt With Cash Freed Up By New Tax Law

U.S. companies are using the cash freed up by the new U.S. tax law to increase debt repayments while continuing to return money to shareholders, according to a new report by Moody’s Investors Service Inc. Debt payments accounted for 14% of the $700 billion in cash outflows among a sample of 100 nonfinancial companies as of Sept. 7, according to ...

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India Calls Trump’s Bluff, Will Pay For Russian S-400s In Rubles

After facing down US threats of possible economic sanctions should it follow through with its plans to purchase nearly $5.4 billion in Russian S-400 anti-ballistic missile systems, India has successfully called the US’s bluff.  After India stood its ground and insisted on moving ahead with the arms deal, the White House said it would consider giving India a waiver on ...

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U.S. CFTC orders BNP Paribas to pay $90 million penalty for rate-rigging

WASHINGTON (Reuters) – U.S. federal regulators on Wednesday ordered BNP Paribas (BNPP.PA) to pay a $90 million civil penalty after settling charges against BNP Paribas Securities Corp [BNPPSS.UL] for attempted manipulation of the ISDAfix benchmark. A BNP Paribas logo is seen outside a bank office in Paris, France, August 6, 2018. REUTERS/Regis Duvignau/File Photo Companies and investors use ISDAfix to ...

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Pay Freeze: President Trump Orders Freeze For All Non-Military Federal Employees In 2019

Trump is using “emergency” policies, put in place in case of “serious economic conditions affecting the general welfare”. Here are the details… from Zero Hedge Government Worker wages rose just over 2% in the last year (while private sector workers saw wages rise over 5%), but President Trump has “determined that for 2019, both across-the-board pay increases and locality pay increases ...

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Almost half of Americans can’t pay for their basic needs

Four in 10 Americans are struggling to pay for their basic needs such as groceries or housing, a problem even middle-class households confront, according to a new study from the Urban Institute.  Despite the U.S. economy being near full employment, 39.4 percent of adults between 18 and 64 years old said they experienced at least one type of material hardship ...

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