Keyword: ira
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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...
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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....
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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.
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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.
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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...
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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...
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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...
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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...
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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:
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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...
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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.
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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....
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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.
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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...
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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. …
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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%...
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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...
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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...
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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...
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