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Keyword: ira

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  • Pensions may be cut to 'virtually nothing' for 407,000 people

    05/20/2016 5:05:57 PM PDT · by bkopto · 65 replies
    CNN Money ^ | 5/20/2016 | Katie Lobosco
    The Central States Pension Fund has no new plan to avoid insolvency, fund director Thomas Nyhan said this week. Without government funding, the fund will run out of money in 10 years, he said. At that time, pension benefits for about 407,000 people could be reduced to "virtually nothing," he told workers and retirees in a letter sent Friday. In a last-ditch effort, the Central States Pension Plan sought government approval to partially reduce the pensions of 115,000 retirees and the future benefits for 155,000 current workers. The proposed cuts were steep, as much as 60% for some, but it...
  • Berlin: Brexit could trigger new Northern Irish conflict

    05/13/2016 9:48:52 AM PDT · by Olog-hai · 35 replies
    TheLocal.de ^ | 13 May 2016 09:00 GMT+02:00 | (AFP)
    A vote by Britain to quit the European Union might reignite conflict in Northern Ireland because it would re-erect a border through the country, German Foreign Minister Frank-Walter Steinmeier said on Thursday. […] The minister said that an Irish representative had once told him that the conflict in Northern Ireland was currently quiet “because there are no borders in Ireland.” But if the United Kingdom were to quit the EU, “there will be a border again between Ireland and Northern Ireland. And that could at least have the potential of rekindling a conflict that has seemingly calmed down,” he said....
  • They Want Your IRA (White House pushes investors toward government accounts)

    04/10/2016 12:10:30 PM PDT · by Red in Blue PA · 40 replies
    President Obama’s regulators aren’t slowing down, alas. And on Wednesday they unveiled another part of their plan to push Americans out of private investment accounts and into government-run plans.
  • Sound the Alarm: New Obama Regulations Will Push Private Retirement Savings Into Government Accounts

    04/09/2016 5:29:50 PM PDT · by Libloather · 104 replies
    Townhall ^ | 4/08/16 | Katie Pavlich
    If you thought Obamacare was terrifying, just wait until you read about what President Obama's regulatory agencies are planning to do with your retirement savings. According to an alarming report in the Wall Street Journal, government regulators at the Labor Department will be implementing new rules at the end of the year that will eventually force private retirement investments into government accounts. How? By making private investment options, specifically IRAs, too burdensome, a liability and expensive. Bolding is mine.
  • Peter King Brutally Bashes ‘Phony’ Cruz, Hopes New Yorkers Give Him Cold Shoulder ‘and Other Things’

    04/07/2016 12:25:36 PM PDT · by 2ndDivisionVet · 143 replies
    Mediaite ^ | April 7, 2016 | J.D. Durkin
    New York state representative Peter King is not one to hold his tongue on his true feelings about anything, so did you think the outspoken pol wasn’t gonna dig in on Ted Cruz today? Fuhgeddaboudit. During an appearance on The Joe Piscopo Show Thursday morning, Rep. King slammed the Texas Senator amid the controversies he’s facing in — and prior rhetoric about — New York. Just twelve days before the New York primary, Cruz is on major damage control on the campaign trail after a disastrous day in the Bronx saw Cruz getting booed, heckled, and become subject of a...
  • Pete King: I'd 'never' vote for Cruz

    04/06/2016 2:36:55 AM PDT · by markomalley · 83 replies
    The Hill ^ | 4/6/16 | Jesse Byrnes
    Rep. Pete King (R-N.Y.) on Tuesday shied away from throwing his support behind either Donald Trump or John Kasich, instead stressing his position on the third Republican running for president. "I can tell you one thing: I would never vote for Ted Cruz," King, a former backer of Marco Rubio, said during an appearance Tuesday afternoon on CNN. King has long criticized the Texas senator, including telling him in January to "go back under a rock" after the candidate questioned Trump's "New York values." Cruz has since emerged as the top challenger to Trump and several former rivals, including Jeb...
  • IRA suspect charged with Belfast bomb attack on prison guard

    03/12/2016 8:28:27 AM PST · by Olog-hai · 15 replies
    Associated Press ^ | Mar 12, 2016 7:26 AM EST | Shawn Pogatchnik
    A suspected member of an Irish Republican Army splinter group was charged Saturday with trying to kill a Northern Ireland prison officer by placing a booby-trap bomb under his vehicle as police warned of rising security risks as Easter approaches. Dozens of armed riot police were deployed inside Belfast Magistrates Court to control a rowdy crowd supporting 45-year-old Christopher Robinson, who offered no plea to two charges of attempted murder and possession of a homemade bomb. Robinson was arrested following the March 4 attack on an off-duty prison officer, who was seriously wounded when a bomb exploded beneath his van...
  • Here’s why (and how) the government will ‘borrow’ your retirement savings

    02/27/2016 1:15:20 PM PST · by SkyPilot · 55 replies
    Sovereignman.com copied onto ZeroHedge ^ | February 15, 201616 copied by ZeroHedge on Feb 16 | Simon Black copied by Tyler Durden
    According to financial research firm ICI, total retirement assets in the Land of the Free now exceed $23 trillion. $7.3 trillion of that is held in Individual Retirement Accounts (IRAs). That’s an appetizing figure, especially for a government that just passed $19 trillion in debt and is in pressing need of new funding sources. Even when you account for all federal assets (like national parks and aircraft carriers), the government’s "net financial position" according to its own accounting is negative $17.7 trillion. And that number doesn’t include unfunded Social Security entitlements, which the government estimates is another $42 trillion. The...
  • WH Unveils ObamaSave: Employer Mandate, Mandatory Enrollment, State-Run Marketplaces

    Tuesday, the White House unveiled a plan to overhaul retirement savings that is eerily similar to ObamaCare in at least three fundamental ways. Introduced as a “Fact Sheet” on WhiteHouse.gov, Pres. Obama’s plan to revamp retirement savings mimics his controversial healthcare law: Individual participation is required, not optional, There’s an employer mandate, State-run marketplaces are created The employer mandate would require employers to “automatically enroll their workers in an IRA” – with, or without, their consent – making employee participation compulsory:
  • Obama to focus on expanding access to retirement accounts

    01/25/2016 9:35:05 PM PST · by Olog-hai · 35 replies
    Associated Press ^ | Jan 26, 2016 12:03 AM EST | Kevin Freking
    President Barack Obama will pitch some new proposals to expand access to retirement savings accounts and revisit some old ones when issuing his budget next month. [...] The White House says Obama's proposals, if enacted, would provide more than 30 million people access to a retirement account. The biggest chunk of that increase would occur through legislation requiring employers that don't offer a retirement plan to automatically enroll their workers in an Individual Retirement Account. The employers that did so would get a tax credit of $3,000 to help them offset the administrative expense. The proposal was also part of...
  • Bloody Sunday: Ex-soldier arrested over Londonderry shootings

    11/10/2015 3:27:36 AM PST · by Berlin_Freeper · 37 replies
    bbc.com ^ | November 10, 2015 | bbc
    A former soldier has been arrested by detectives investigating the events of Bloody Sunday in Londonderry. Thirteen people were killed when British paratroopers opened fire on a civil rights march through the city in January 1972. A fourteenth died later. The 66-year-old is a former member of the Parachute Regiment. He was detained in County Antrim on Tuesday by the PSNI's Legacy Investigation Branch. He is the first person to be arrested as part of the investigation.
  • Well, apparently the Oregon murderer, Chris Harper-Mercer, was also a fan of the Islamic State

    10/06/2015 8:55:02 PM PDT · by 2ndDivisionVet · 20 replies
    Bare Naked Islam ^ | October 5, 2015
    The mainstream media didn’t think that information about Oregon shooter Chris Harper-Mercer’s Islamic connections were important enough to mention. (See link below). But now, evidence of a purchase he made online of the flag of the Islamic State (ISIS) has been found. Harper-Mercer goes by the User Name IRONCROSS and left a comment about his purchase of an ISIS flag (shown at left of comment) that reads: “Exactly what I was looking for. I really like the quality. Great product, thanks! I will continue to make purchases from this company. I am very impressed. I WILL be back against soon....
  • Who Is Chris Harper Mercer? Oregon's Alleged Umqua Community College Shooter Identified, Police Say

    10/01/2015 5:54:20 PM PDT · by navysealdad · 145 replies
    Chris Harper Mercer, 26, has been identified as the shooter responsible for taking the lives of at least 10 people at a community college in southwest Oregon earlier Thursday, law enforcement sources confirmed to CBS News. Law enforcement officers shot and killed Mercer in an exchange of gunfire later Thursday afternoon.
  • Islamic Images (Connected to Oregon Shooter)

    10/01/2015 6:12:06 PM PDT · by research99 · 169 replies
    MySpace
    https://myspace.com/dick_hard_like_a_pistol/photos MySpace page of Mahmoud Ali Ehsani Grab these images, before they can be scrubbed
  • Peter King: Boehner’s Fall Result Of “People Like Ted Cruz” Who “Hijack And Blackmail The Party”

    Rep. Peter King, a Republican from New York, says Tea Party Republicans like Texas Sen. Ted Cruz are to blame for the resignation of House Speaker John Boehner. “I think he could of been influenced by the pope being here yesterday and that it’s just time to end the fighting that’s gone on, the needless fighting that’s gone on,” King said to radio host John Grambling on Friday. “But having said that I’m disappointed. I think John was as good as a speaker that you could find and he’s undermined by people in his own party from day one. It’s...
  • Experts to assess IRA in bid to bolster Belfast government (N. Ireland)

    09/22/2015 8:02:34 AM PDT · by Olog-hai · 11 replies
    Associated Press ^ | Sep. 22, 2015 10:50 AM EDT
    Britain says a new expert panel will report on the activities of the Irish Republican Army and other outlawed paramilitary groups as part of efforts to heal the rift in Northern Ireland’s unity government. […] The IRA in 2005 declared it had renounced violence and disarmed in support of power-sharing. Protestant leaders are threatening to end cooperation with the IRA-linked Sinn Féin party because of police assessments that IRA members killed a former Belfast comrade last month. …
  • Why Jeremy Corbyn Scares British Jews So Much

    09/17/2015 3:55:37 PM PDT · by Clintonfatigued · 12 replies
    Forward.com ^ | September 13, 2015 | Liam Hoare
    His politics are that of principled rebellion. Between 2005 and 2010, when Labour was in government, Corbyn voted against party lines 25% of the time. Known for his anti-war politics, he has publicly supported both the Palestine Solidarity Campaign and Irish republicans. In 1996 the Guardian editorialized that his ill-timed meeting with Gerry Adams of Sinn Fein made him “a fool whom the Labour Party would probably be better off without.” Now, with the party in disarray, Corbyn has come out of obscurity to become Labour’s next leader — and British Jewry is worried. In a recent Survation poll, 67%...
  • Northern Ireland first minister steps down amid impasse

    09/10/2015 5:27:44 PM PDT · by Olog-hai · 4 replies
    Associated Press ^ | Sep 10, 2015 7:43 PM EDT | Gregory Katz
    The future of the Catholic-Protestant power-sharing government in Northern Ireland is hanging by a slender thread with First Minister Peter Robinson’s decision Thursday to step down, along with all but one of his ministers, because of a series of disputes. Democratic Unionist leader Robinson left one party figure, Arlene Foster, in place as temporary first minister and finance minister, but the coalition government has been seriously weakened by developments and may ultimately be suspended, leading to a restoration of direct British rule from Westminster. The crisis stems in large part from a police finding that that Irish Republic Army dissidents...
  • Dublin elects its first ever Sinn Féin mayor (Irish terrorist party)

    06/30/2015 5:26:26 PM PDT · by Olog-hai · 23 replies
    Irish Central ^ | June 30, 2015 02:15 AM | Cathy Hayes
    Críona Ní Dhálaigh, Sinn Féin councilor and “Dub, born and bred,” has been elected as the new Lord Mayor of Dublin. Ní Dhálaigh replaces Christy Burke after an agreement was made that a Sinn Féin councilor would take over the position during the centenary of the 1916 Rising. Fianna Fáil councilor Jim O’Callaghan and independent councilor Mannix Flynn put their names forward to try to prevent this from happening. Ní Dhálaigh got 41 out of 59 votes on Monday evening and nine went to O’Callaghan and eight went to Flynn. […] O’Callaghan, who objected to the election of a Sinn...
  • 1974 Dublin/Monaghan Bombings an Effort to Start a Civil War?

    06/18/2015 10:07:10 PM PDT · by nickcarraway · 1 replies
    Irish Central ^ | June 16,2015 | Jane Walsh
    The bombings of 17 May 1974 were a series of coordinated car bombings in Dublin and Monaghan. A new Irish TV documentary has claimed that the purpose of the Dublin/Monaghan bombings in 1974 was to start a civil war. The bombings were carried out by Loyalists acting under orders from British Army agents the documentary revealed. The bombings of 17 May 1974 were a series of coordinated car bombings in Dublin and Monaghan. Three exploded in Dublin during rush hour and a fourth exploded in Monaghan almost 90 minutes later. They killed 33 civilians and a full-term unborn child, and...
  • Evans: Police, FBI killed armed man in Roslindale (terrorist surveillance)

    06/02/2015 6:38:23 AM PDT · by raccoonradio · 13 replies
    Boston Herald ^ | 6/2/15 | Owen Boss
    An armed man in his 20s being surveilled by the FBI counterterrorism unit was shot and killed by an FBI agent and a Boston police officer in Roslindale this morning, according to Boston Police Commissioner William Evans. Evans said the suspect was wielding a large military-style black knife. FBI Special Agent in Charge Vincent B. Lisi is at the scene, and Boston Mayor Martin J. Walsh is expected as well, FBI spokeswoman Kristin Setera told the Herald. Dozens of police officers have swarmed the small shopping plaza and officers are seeking surveillance video from a nearby Dunkin' Donuts, employees said....
  • Boston police: Man killed by FBI agent, cop in terror probe

    06/02/2015 9:26:59 AM PDT · by islander-11 · 22 replies
    Boston Herald ^ | 6/2/15 | Owen Boss
    An armed man in his 20s being surveilled by the FBI counterterrorism unit was shot and killed by an FBI agent and a Boston police officer in Roslindale this morning, according to Boston Police Commissioner William Evans. "He was on foot, under surveillance," Evans said. "The officers have been surveilling him and again they wanted to speak to him ... and he turned and our officers gave several commands for him to drop the weapon and unfortunately he came at the officers and they did what they were trained to do and that's never an easy decision for any officer...
  • Brother of Usaama Rahim, Terror Suspect Shot to Death in Boston, Lives in Oakland, Asks For Prayers

    06/02/2015 8:12:45 PM PDT · by nickcarraway · 23 replies
    NBC Bay Area ^ | 6/2 | Michelle Roberts
    A man with ties to the Bay Area was shot and killed by police in Boston on Tuesday. Officials say the suspect was being followed by the Joint Terrorism Task Force and was wielding a military-style knife at officers. Officials told NBC News the officer and agent had been investigating whether the man, identified as Usaama Rahim, had become radicalized by ISIS-inspired social media messages. The man’s brother, who is from Oakland, is asking for prayers. Back on the East Coast, the case remains under investigation.
  • CBS News: 2 Men In Boston Terror Probe Were Communicating About Attacks In U.S. (Wright 6'11, 511#)

    06/03/2015 5:43:52 AM PDT · by raccoonradio · 25 replies
    CBS Boston ^ | 6/3/15 | CBS Boston
    A man arrested in connection with a terror investigation in Boston will be in federal court Wednesday. David Wright was taken into custody at his home in Everett Tuesday afternoon, hours after a Boston police officer and an FBI agent shot and killed a man who was under 24-hour surveillance by terrorism investigators in Roslindale. According to CBS News, Wright and the man killed, 26-year-old Usaama Rahim, were communicating about attacks in the U.S. and that’s why he was arrested. Investigators are continuing to look for other people both men were communicating with. Wright will face federal charges in U.S....
  • Two men plotted to behead a police officer, official says

    06/03/2015 6:27:24 AM PDT · by raccoonradio · 18 replies
    Bos Globe ^ | 6/3/15 | By Maria Cramer, Evan Allen, Laura Crimaldi and Lisa Wangsness
    The man fatally shot by anti-terrorism officers in Boston on Tuesday and the suspect arrested Tuesday night in Everett had conspired to kill a police officer, according to two law enforcement officials briefed on the case. “We believe the intent was to behead a police officer,” one official said Wednesday morning. “We knew the plot had to be stopped. They were planning to take action Tuesday.” (snip)They had a brief exchange near a bus stop, according to an official with knowledge of the investigation, before Rahim lunged with the knife. The weapon was more than a foot long with a...
  • Black Knives Matter! (terror police shoot man dead in B)

    06/02/2015 12:11:59 PM PDT · by Robert357 · 16 replies
    "....At a rainy press conference near the crime scene, Commissioner Evans described the man as in "mid 20s", travelling on foot, and carrying a black "military-style knife". Some US media have reported the weapon as a machete. The suspect was taken to hospital, where he was pronounced dead. The two officers are in hospital to be examined for stress, but did not suffer physical injuries, police said...."
  • ‘Kiss your pension fund goodbye’? Economist warns government could seize 401(k)s

    05/25/2015 5:06:04 PM PDT · by SkyPilot · 81 replies
    Economic Collapse News ^ | 25 May 2015 | Andrew Moran
    The United States government could start seizing 401(k) plans, says one economist who believes a recent Supreme Court ruling sets the stage for Washington to initiate any such plans. Economist Martin Armstrong published a blog post Monday that took a look at the recent Tibble v. Edison case. The court concluded that employers have an obligation to protect their workers’ 401(k) plans from mutual funds that provide deplorable returns. Armstrong thinks this could give the federal government the arsenal to begin seizing private funds and take companies to court if mutual funds perform poorly. This comes as the Obama administration...
  • Peter King: Paul Filibuster 'Putting Our National Security at Risk'

    05/20/2015 9:46:56 PM PDT · by WilliamIII · 19 replies
    Newsmax ^ | May 20 2015 | Todd Beamon
    Rep. Peter King slammed Kentucky Sen. Rand Paul for speaking for hours Wednesday on the Senate floor against renewing the Patriot Act and the NSA's metadata programs the law authorizes, charging to Newsmax that he is "doing a disservice to the country and he's putting our national security at risk. "He's unnecessarily frightening the American people," the New York Republican, a member of the House Homeland Security Committee, said in an exclusive interview. "He's making the [National Security Agency] out to be the enemy.
  • Obama Snatched Ramadi Defeat From Bush Victory

    05/20/2015 10:38:57 AM PDT · by raptor22 · 24 replies
    American Thinker ^ | May 20, 2015 | Daniel John Sobieski
    The White House description of the fall of Ramadi to ISIS forces we have supposedly been busy degrading and destroying as a “setback” is like the British calling Dunkirk in World War II a strategic withdrawal. Ramadi is a defeat, the result of the precipitous withdrawal of U.S. forces from Iraq by President Obama against the advice of military minds who know better about these things than the former community organizer from Illinois. It is a defeat for President Obama’s foreign policy, a rebuke of his fundamental transformation of America’s role in the world from a leader who shaped events...
  • Six held over 'dissident IRA plot to kill Prince Charles'

    05/14/2015 1:29:59 PM PDT · by NRx · 29 replies
    The Telegraph ^ | 05-14-2015 | Martin Evans
    Six men have been arrested in the Republic of Ireland after police discovered bomb making equipment close to where Prince Charles and Camilla, the Duchess of Cornwall are due to visit next week. Explosives and weapons were recovered at various locations as Irish police carried out more than 20 raids aimed at disrupting dissident Republican activity.
  • GOP Rep. Peter King dismisses Ted Cruz as 'carnival barker'

    03/23/2015 9:48:26 AM PDT · by 2ndDivisionVet · 69 replies
    CNN ^ | March 23, 2015 | Deirdre Walsh, Senior Congressional Producer
    (VIDEO-AT-LINK)New York Republican Rep. Peter King, who is considering his own bid for the White House, mocked Texas GOP Sen. Ted Cruz's announcement that he was running in 2016 and said the Texas Republican isn't qualified to serve as president. "Shutting down the federal government and reading Dr. Seuss on the Senate floor are the marks of a carnival barker not the leader of the free world," King said in a written statement on Monday. King's statement references a Cruz speech on the Senate floor that last more than 20 hours, railing against Obamacare in 2013. The New York Republican...
  • Peter King on Rand Paul, Ted Cruz: They Aren’t ‘Responsible Adults’

    03/10/2015 4:03:15 PM PDT · by 2ndDivisionVet · 32 replies
    Mediaite ^ | March 10, 2015 | Andrew Desiderio
    Rep. Peter King (R-NY) has made no secret of his disdain for Sens. Rand Paul (R-KY) and Ted Cruz (R-TX). Speaking to the International Association of Firefighters (IAFF) at their presidential forum, King lambasted the senators and implied they aren’t “responsible adults.” “[Rand Paul] is concerned about drones, he’s afraid the CIA might use drones to attack Americans drinking coffee in Starbucks,” King said, drawing a few laughs from the crowd. He suggested ISIS might be further emboldened to attack America if the commander-in-chief thinks the “real threat” is the CIA killing Americans with drones. “Then we have Ted Cruz,...
  • White House looking to creep into 401(k)s

    03/01/2015 7:22:49 AM PST · by Enlightened1 · 39 replies
    NY Post ^ | 2/28/15 | Jonathon M. Trugman February 28, 2015 | 11:21pm
    Under the false pretense of calling for new and tougher so-called fiduciary standards for financial brokers, advisers and retirement plan representatives, the White House once again horned in on Wall Street’s compensation formulas. However, what the president surely knows is that a vast majority of retirement plans — IRAs and 401(k)s — are in simple fee-based products like mutual funds. The commission-based accounts are for those who prefer to direct their brokers in certain purchases inside some of their retirement products. The key to the White House’s interference is in its nuanced language. Currently, a broker may make a recommendation...
  • President Obama "Steps Up" Attack On Estate Planning Techniques

    02/28/2015 7:27:04 AM PST · by TurboZamboni · 21 replies
    Penton Business Media ^ | 2-2-15 | Eric Fischer
    On Feb. 2, 2015, on the heels of the State of the Union Address, the Obama Administration released its budget proposal for the 2016 fiscal year, accompanied by the Treasury Department's General Explanation of the Administration's Fiscal Year 2016 Revenue Proposals (colloquially known as the Greenbook).[1] Given the percentage of his previous proposals that have been passed and the newly-elected Republican majority in both houses of Congress, the vast majority of the proposals in the Greenbook are unlikely to become law during President Obama's last two years in office. However, they are worth noting, as they identify the focus points...
  • Obama Wants Your Retirement Account

    02/06/2015 12:39:33 PM PST · by Kaslin · 46 replies
    Rush Limbaugh.com ^ | February 6, 2015 | Rush Limbaugh
    RUSH: It's a story from the website Watchdog.org, and the headline: "Obama's Budget Targets Your Retirement Accounts." I can't recall the number of times that I have mentioned casually, forcefully, predicted directly over the course of the years that, as this government continued to expand and spend money it didn't have and print money it needed, that at some point it was gonna have to go get money. You can't just rely on fake money that's printed. They're gonna have to get more. They're gonna target money, and I warned everybody, "They're gonna they're gonna come after your pensions, and...
  • Even with Volatile Stock Market, Personal Retirement Accounts Are Better, Safer than Social Security

    02/04/2015 11:18:00 AM PST · by SeekAndFind · 10 replies
    International Liberty ^ | 02/04/2015 | Daniel J. Mitchell
    Early last year, the Center for Freedom and Prosperity released this video, narrated by yours truly, making the case that the United States and other nations should shift from a tax-and-transfer entitlement scheme to a system of personal retirement accounts.Some left wingers criticized the idea, saying the big drop in the stock market in 2008-2009 is proof that personal retirement accounts are too risky.You won’t be surprised to learn, though, that they are wrong. It is true that retirement income fluctuates with a system of personal accounts, but that simply means that it is difficult to predict how much...
  • Obama budget proposes retirement savings cap

    02/02/2015 10:45:29 AM PST · by abb · 63 replies
    Benefits Pro ^ | February 2, 2015 | Nick Thornton
    With the release of its 2016 spending blueprint Monday, the Obama White House officially signaled its intent to use retirement policy to raise taxes on the wealthiest Americans. The proposed 10-year budget, which allots $4 trillion in spending for fiscal year 2016, will attempt to cap tax-deferred saving in 401(k) and Individual Retirement Accounts at about $3.4 million. That amount of savings generates more than $200,000 of income annually in retirement when annuitized, an income stream that should be sufficient for most, according to the Obama administration’s rationale behind the proposal. The vast majority of Americans would never feel the...
  • Another step down the long, slow road to IRA nationalization

    01/31/2015 6:43:09 AM PST · by SeekAndFind · 52 replies
    The Sovereign Man ^ | 01/31/2015 | Simon Black
    LetÂ’s take a brief walk into financial reality for a moment.At the time of this writing, the United States governmentÂ’s official debt is nearly $18.1 trillion.Now, letÂ’s look at who the biggest owners of that debt are:1) Taxpayers of the United States.If youÂ’ve held a job in the Land of the Free, 15.3% of your salary has gone to fund Social Security and Medicare.Each of these programs holds massive trust funds that are supposed to pay out beneficiaries, both present and future.Conveniently, the trust funds are required by law to buy US government debt.And given that every single US taxpayer...
  • Dems push automatic IRA bill

    01/24/2015 9:57:28 AM PST · by Rusty0604 · 57 replies
    The Hill ^ | 01/22/2015 | Bernie Becker
    Congressional Democrats are pushing a new bill to make it easier for workers to sock money away in retirement accounts. Sen. Sheldon Whitehouse (D-R.I.) and Rep. Richard Neal (D-Mass.) said Thursday that they were introducing legislation that would set up automatic payroll deductions for contributions to Individual Retirement Accounts.
  • Irish singer Sinéad O’Connor joining Sinn Féin

    12/09/2014 10:03:28 AM PST · by Olog-hai · 56 replies
    Associated Press ^ | Dec 9, 2014 10:26 AM EST
    Sinéad O’Connor, long a critic of church and state in Ireland, says she’s joining the Irish nationalist Sinn Féin party—and wants its leaders to step aside for younger voices free of IRA connections. The 48-year-old singer, who recently released her 10th album “I’m Not Bossy, I’m the Boss,” says Sinn Féin is the only left-wing party able to steer Ireland toward social equality. …
  • Dictator H. chavez's personal Arab Hezbollah minister

    10/07/2012 2:28:40 PM PDT · by Milagros · 11 replies
    Venezuela’s Tarek El-Aissami The Americas Report | Oct 03, 2008  By Nicole Ferrand [...] Mr. El - Aissami is a Venezuelan national of Syrian descent who, before becoming Minster of Interior and Justice, occupied the position of Deputy Interior Minister for Public Security. His father, Carlos Aissami, is the head of the Venezuelan branch of the Iraqi Baath political party. Before the invasion of Iraq, he held a press conference in which he described himself as a Taliban and called Osama Bin Laden, "the great Mujahedeen, Sheik Osama bin Laden." Tarek's great-uncle Shibli el-Aissami was a prominent ideologist and...
  • Sinn Féin chief Adams accused of IRA rape cover-up

    10/16/2014 4:33:56 PM PDT · by Olog-hai · 24 replies
    Associated Press ^ | Oct 16, 2014 4:54 PM EDT | Shawn Pogatchnik
    Sinn Féin party leader Gerry Adams denied new accusations Thursday that he concealed child-abuse crimes within his own secretive movement, this time allegedly committed by a Belfast officer of the outlawed Irish Republican Army. Mairia Cahill, a member of one of Belfast’s top IRA families, appeared alongside a former foreign minister outside Ireland’s parliament to accuse Adams of conspiring to suppress her reports of being raped by an IRA commander from Adams’ home district in 1997, when she was 16. …
  • Caveat, investor: Now feds want a bite of your mutual fund

    10/02/2014 5:59:33 PM PDT · by TurboZamboni · 16 replies
    The Citizen ^ | 9-4-14 | Paul S. Atkins
    To oversee this process, Dodd-Frank created the Financial Stability Oversight Council (FSOC), made up of the heads of the financial services regulatory agencies. The council claims very broad power to designate certain activities (like asset management) or companies and products (including mutual funds) as systemically important and subject them to Federal Reserve bank-style regulation, including leverage and capital requirements. And the council is doing just that – first with banks, then insurance companies and now, potentially, mutual funds. President Obama’s “independent” insurance expert on the council issued a blistering dissent when it designated Prudential – the nation’s second-largest life insurer...
  • Northern Ireland Firebrand Ian Paisley Dead At 88

    09/12/2014 9:43:35 AM PDT · by Steelfish · 5 replies
    ABCNews ^ | September 12, 2014
    September 12, 2014 Northern Ireland Firebrand Ian Paisley Dead At 88 DUBLIN -- The Rev. Ian Paisley, the divisive Protestant firebrand who devoted his life to thwarting compromise with Catholics in Northern Ireland only to become a pivotal peacemaker in his twilight years, died Friday in Belfast, his wife said. He was 88. Paisley was Northern Ireland's most polarizing politician throughout its three decades of civil strife, during which the evangelist's blistering oratory was often blamed for fueling the bloodshed that claimed 3,700 lives. Yet at the zenith of his peace-wrecking powers, Paisley in 2007 stunned the world by delivering...
  • U.S. Stocks End Lower

    08/05/2014 5:58:55 PM PDT · by SkyPilot · 19 replies
    Wall Street Jounal ^ | 5 Aug 14 | Saumya Vaishampayan
    U.S. stocks slid on Tuesday, with the Dow industrials posting their fourth loss in five sessions. Traders said the selling was kicked off by remarks from a Polish official warning about the potential for Russia to invade Ukraine. But traders said the scope of the declines reflected low volumes and a lack of other news. The Dow Jones Industrial Average dropped 139.81 points, or 0.84%, to 16429.47. The S&P 500 lost 18.78 points, or 0.97%, to 1920.21 and the Nasdaq Composite Index fell 31.05 points, or 0.71%, to 4352.84. "This hit the tape, and all of a sudden the market...
  • Beware All the Retirement 'Crisis' Reports

    07/23/2014 6:59:31 AM PDT · by SeekAndFind · 4 replies
    RCM ^ | 07/23/2014 | Andrew Biggs & Sylvester Schieber
    If the amount of press ink used to report a study is any indicator of its contribution to public understanding, the National Institute on Retirement Security's (NIRS) 2013 report, "The Retirement Savings Crisis: Is It Worse than We Think?" might be the gold standard on the subject of retirement security. The report concludes that 84% of Americans are falling short of reasonable retirement savings targets and, even when total net worth is considered, two-thirds are at risk of an inadequate retirement income. The total "retirement savings gap," NIRS claims, may reach $14 trillion. According to New York Times writer Nancy...
  • (Tony) Blair faces being called to Parliament over ‘comfort letters’ to on-the-run IRA suspects

    07/13/2014 11:47:36 AM PDT · by Olog-hai · 3 replies
    Mail on Sunday (UK) ^ | 07:11 EST, 13 July 2014 | Matt Chorley
    Tony Blair faces being called to Parliament over a secret deal with Sinn Féin, which allowed suspected IRA bombers to avoid prosecution. The former Prime Minister is set to be summoned by the Northern Ireland select committee to explain the controversial “comfort letters” sent to on-the-run suspects telling them they were not being sought by the police. MPs are warning that if he fails to appear, there will be “bad publicity”. The policy led to the collapse of the trial of suspected Hyde Park bomber John Downing in March. The peace process plan agreed between Sinn Féin and Mr Blair’s...
  • Rep. Peter King fears Ted Cruz, Rand Paul stronger

    06/11/2014 6:23:04 PM PDT · by lilyramone · 75 replies
    Politico ^ | June 11, 2014 | JONATHAN TOPAZ
    Rep. Peter King on Wednesday said the Republican Party cannot allow Ted Cruz and Rand Paul to take over following House Majority Leader Eric Cantor’s defeat. “We can’t allow Eric’s defeat last night allow the Ted Cruzes and the Rand Pauls to take over the party, or their disciples to take over the party,” the moderate New York Republican said on MSNBC.
  • Rep. Peter King Would Run in 2016 Just to Prevent President Ted Cruz or Rand Paul

    05/17/2014 6:45:58 PM PDT · by SeekAndFind · 83 replies
    Mediaite ^ | 05/17/2014 | Matt Willstein
    Republican Senators Ted Cruz, Rand Paul and Marco Rubio get thrown around a lot as possible GOP presidential candidates for 2016. One prominent Republican who does not get mentioned much in that context is Rep. Peter King (R-NY). But during one of his frequent interview with CNN’s Wolf Blitzer Friday, King said he is seriously considering making a run at the nomination, if only to prevent those younger, more right-wing candidates from becoming president. Asked by Blitzer about his 2016 plans, King said he’s “certainly looking at” the possibility, which will include a trip to New Hampshire next month. He...
  • Rep. Peter King plans presidential trips to Iowa, South Carolina (Attacks Cruz and Paul)

    05/11/2014 2:23:04 AM PDT · by 2ndDivisionVet · 18 replies
    (VIDEO-AT-LINK)New York Rep. Peter King is stepping up his attacks on 2016 GOP hopefuls Sens. Ted Cruz and Rand Paul as he builds on his burgeoning presidential campaign with planned trips to Iowa and South Carolina. “I don’t want the Republican Party taken over isolationists such as Rand Paul, or people like Ted Cruz who want to shut the government down,” he said while visiting Harvard University’s Institute of Politics. “I want there to be an alternative voice which I feel is in the tradition of Eisenhower, of Reagan, and you know, traditional Republicans who believe in strong national defense...