Judge Rejects Bondholders’ Lawsuit Over Pension Debt

Judge Rejects Bondholders’ Lawsuit Over Pension Debt

By Mike Shedlock Judge Rejects Bondholders’ Lawsuit Over Pension Debt In bankruptcy, the federal courts have ruled that cities can reduce pension obligations. They can, but they don’t have to. In Detroit, bondholders were sacrificed to maintain police and fire pensions with minimal haircuts. On Monday, U.S. Bankruptcy Judge Meredith Jury ruled against bondholders in […]

Eric Peters: Live agent connectivity

Eric Peters: Live agent connectivity

By Eric Peters Things necessarily begin somewhere. Usually, that somewhere is a backwater of some kind; only a few people are involved and the majority either are unaware it’s happening at all or they don’t care because hey, it’s not happening to them. Until, one day, it does. Over the road truckers were the first […]

Extorting low-income individuals to help “the poor”

Extorting low-income individuals to help “the poor”

By Gary Galles / Mises Daily Many policies are supposedly justified because they would “take from the rich and give to the poor.” While that fits with the view that theft “for a good purpose” makes one a philanthropist, from the perspective of self-ownership, it is an assertion that the majority’s might makes their coercion […]

When corporate welfare trumps states’ rights

When corporate welfare trumps states’ rights

By David Williams / Taxpayers Protection Alliance U.S. Representative Jason Chaffetz (R-Utah) is inexplicably on a mission to insert the federal government into state policies regarding gaming within state borders. Rep. Chaffetz’s stealthily titled bill, the “Restoration of America’s Wire Act,” would prohibit states from allowing online gaming.  This is a move that could also […]

Major retailers closing thousands of stores

Major retailers closing thousands of stores

By Mitch Snyder / From ProRev Major U.S. retailers have announced that they are closing more than 6,000 locations, but economic conditions in this country are still fairly stable.  So if this is happening already, what are things going to look like once the next recession strikes? 180 Abercrombie & Fitch (by 2015) 75 Aeropostale […]

Lessons From Japan’s lost decades

Lessons From Japan’s lost decades

From NCPA Since the beginning of the financial crisis, the Federal Reserve (FED) has pursued an aggressive expansionary monetary policy to support easier lending and borrowing. However, inflation, which remains far below the Fed’s target of 2 percent, has led many economic analysts to believe economic stagnation could be a future consequence of monetary imbalance. […]

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