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...But what’s interesting about the decision of Rep. Henry Waxman, D-Calif., is that just last month — on December 11 to be precise — he made a lengthy post on his campaign blog about why he’s running again in 2014...

The toxic dollar is bringing hell in a handbasket. Along with the student loan debt bubble and other major financial factors, the looming pensions crisis is bound to be the death of us all. Because it’s based on a future promise to pay, it has long been a benefit dangled to solve strikes and union disputes – because, in the end, it is just more debt, whether private or public. With tens of trillions in unfunded liabilities, the weight of an avalanche remains dangling over our heads. An aging population is cashing in on needed retirement benefits while the younger...

UNIVERSITY PARK, Pa. (AP) - Nearly 600 faculty and staff have taken a voluntary retirement package from Penn State University, including more than 400 employees on the main campus. The Centre Daily Times (http://bit.ly/2mvKKvq ) reports 419 main campus employees took the offer, while 168 others did on satellite campuses. Forty-six percent of employees eligible for the early retirement took it, more than the university anticipated. Faculty 62 and older and staff 60 and older were eligible for a year's lump sum pay if they had at least 15 years' service.

The Queen of Soul is hanging up her crown. Aretha Franklin revealed in a new interview that she plans to retire this year after she releases her upcoming, as-yet-untitled album. See what she had to say in the video above! Speaking to Detroit TV station WDIV Local 4 on Tuesday, February 7, the 74-year-old “Respect” singer opened up about her decision to wrap up her inimitable career, which began in January 1961 when she released her debut record, Aretha: With The Ray Bryant Combo. “I must tell you, I am retiring this year,” Franklin – who was the first woman...

Former Florida Gov. Jeb Bush said it's unlikely that he will ever seek public office again, including the presidency, and said he wants to return to private life and his business career. Bush made the remarks while teaching a two-week course on governors at Texas A&M University. He said he is focused on his work to reform education and on his businesses, which he rejoined after his failed presidential bid concluded in February after the South Carolina Primary. "I unraveled everything I was doing to prepare for this - you don't do that lightly," Bush said. "I just think this...

In an unprecedented move, President-elect Donald Trump has fired traditional inauguration announcer Charlie Brotman, replacing him with Steve Ray. Ray is a Washington, DC.-based freelance announcer, and formerly volunteered with Trump's campaign. Brotman, 88, has announced every inauguration parade since former President Dwight D. Eisenhower was sworn into office in 1957. In an interview with CTV News Channel on Thursday, Brotman said, "Devastated is a word that covers it all. Yes, I was really disappointed, to say the least... I’m asking, ‘Did I do something? Am I too old? What’s going on?" Brotman told CNN he "thought he was going...

As 2017 opens with the potential we have craved for many years, the initial milestones are being realized.

Nearly a third of retirees are playing chicken with one of the steepest tax penalties out there — and they are running out of time. IRS rules on so-called required minimum distributions generally kick in once you reach age 70½. For 401(k)s and other defined contribution plans, it's either when you turn 70½. or you retire, whichever is later. If you've inherited an IRA, you might also be subject to RMDs, even if your own retirement is years away. How much you need to take is usually based on the account balance at the end of the previous year, and...

Even the best things come to an end. After enjoying a quarter of a century of writing this column for Creators Syndicate, I have decided to stop. Age 86 is well past the usual retirement age, so the question is not why I am quitting, but why I kept at it so long. It was very fulfilling to be able to share my thoughts on the events unfolding around us, and to receive feedback from readers across the country -- even if it was impossible to answer them all. Being old-fashioned, I liked to know what the facts were...

Dr. Thomas Sowell the world famous economist has decided to finally hang up the pen. He wrote in his farewell column, “Even the best things come to an end. After enjoying a quarter of a century of writing this column for Creators Syndicate, I have decided to stop. Age 86 is well past the usual retirement age, so the question is not why I am quitting, but why I kept at it so long.” Few people have had as big of an impact on economics and political theory as Dr. Sowell over the last 40 years. He received his Ph.D....

Even the best things come to an end. After enjoying a quarter of a century of writing this column for Creators Syndicate, I have decided to stop. Age 86 is well past the usual retirement age, so the question is not why I am quitting, but why I kept at it so long. It was very fulfilling to be able to share my thoughts on the events unfolding around us, and to receive feedback from readers across the country — even if it was impossible to answer them all. Being old-fashioned, I liked to know what the facts were before...

Rehm's retirement is a Christmas gift to America National Public Radio mainstay Diane Rehm, who did Hollywood a disservice by missing her calling as a horror movie voice actor, has at long last retired after nearly four decades of boring and infantilizing helpless Washington, D.C. area taxi fares. Her retirement Dec. 23 is an early Christmas present for Americans. The fossilized crypt-keeper of taxpayer-funded NPR, a pillar of the left-wing media establishment, is beloved by wrong-thinking people across the fruited plain. She also helped starve her husband so he would die prematurely which makes her a heroic figure — a...

Two financial firms raked in billions of dollars of business from the New York State Common Retirement Fund, the $184-billion retirement fund serving many state employees, after their agents bribed one of the pension fund's employees with cash, watches, travel, bottle-service, cocaine, strippers, prostitutes, and Paul McCartney tickets, according to indictments announced today by Preet Bharara, United States Attorney for the Southern District of New York. The two indictments announced today only cover three people: Navnoor Kang, 38, the director of fixed income and security for the $185 billion New York State Common Retirement Fund; Gregg Schonhorn, 45, the vice...

When Detroit filed for bankruptcy in 2013, the city’s emergency-financial team said that high levels of retirement debt could prevent them from rescuing the Motor City’s finances. Detroit had been in economic decline for decades, and the pension problem—including billions of dollars in bonuses handed out while the city was hurtling toward insolvency—was just one part of the depressing financial picture. Dallas, by contrast, has been one of the fastest-growing American cities in recent years. Becoming a magnet for investment and opportunity, however, hasn’t protected the Texas city from experiencing its own Detroit-style financial crisis. Dallas’s retirement system for cops...

Hack Senator Chuck Schumer called ‘Dirty Harry’ Reid, “truly one of a kind”, “one of the most unique men any of us…any of us..would ever meet.” “Harry,” he said, “I would not be the senator nor the man I am today without you.” He called him his mentor. He couldn’t help but cry as he spoke. CLICK ABOVE LINK FOR THE VIDEO.... Harry Reid ran the Senate like a little despot and Chuck apparently plans to follow his lead. He is his mentor after all. Senator Bob Corker, not one given to hyperbole, described his leadership as akin to Putin’s....

Sen. Barbara Boxer of California bid farewell to Congress on Wednesday after 33 years as a liberal champion, choking up as she read a letter from jazz great Sonny Rollins thanking her for "making life beautiful" for the people she's represented. "What he said is all I wanted to do, make life beautiful for people," Boxer said in her farewell speech on the Senate floor. "I didn't always succeed ... I can honestly say that I never stopped trying." Former House colleagues of Boxer including Democratic Minority Leader Nancy Pelosi of San Francisco came to the Senate to pay their...

Germantown, MD – Abortionist LeRoy Carhart will no longer be conducting abortions at Germantown Reproductive Health Services (GRHS), an abortion facility in Germantown, Maryland, that has until now provided abortions throughout all nine months of pregnancy. According to local sources, Carhart’s last abortions in Maryland took place during the week of October 30, 2016. He returned to GRHS on November 8, but stayed only a few hours, sending several very late-term patients home without abortions. He left later in the afternoon and never returned. “The fact that Carhart will no longer be aborting babies in Maryland is something to be...

The company said the move is an alignment with industry trends in which fewer companies offer pensions. WILMINGTON, Del. -- The DuPont Company said it will eliminate its pension contribution for active employees. ... active employees will no longer accrue additional benefits, and employees under age 50 also will no longer receive dental, medical and life insurance benefits in retirement. ... Since 1998, nearly one-quarter of all Fortune 500 companies have stopped contributing to employees' primary pension plans, and 40 percent offer only a 401(k).

Patriotic Retirement Plan: There are about 40 million people over 50 in the workplace. Pay them $1 million apiece severance for early retirement with the following stipulations: 1) They MUST retire. That means forty million (some attrition of course) job openings. Unemployment fixed. 2) They MUST buy a new American car. Car industry and manufacturing restored. 3) They MUST either buy a house or payoff their Mortgage. Housing crisis fixed. That's it, we're only talking 40 million dollars in taxpayer money, not even worth a line item in the US budget. This would be ample retirement money for anyone with...

I talk a lot about the global investment markets. I’m focused on making profits, and often I’m looking to make multiples, knowing full well that some opportunities won't work out. I’ll get timing wrong or I’ll miss something entirely and need to hedge, reposition, or exit entirely. That’s life. But I haven’t spent much time on stating the obvious (because I figured it’s obvious) so today's post is going to do just that. We are going to forget all about economics, financial markets, central banks, derivatives, GDP, and all that stuff, and we're going to go all the way back...