the guys who started Solyndra are better off
the employees and the American taxpayer...not so much
Jon Corzine is better off
MF Global investors...not so much
GM’s UAW workers are better off
GM bondholders and the American taxpayer...not so much
Bookmark
Americans saw wealth plummet 40 percent from 2007 to 2010, Federal Reserve says
http://www.washingtonpost.com/business/economy/fed-americans-wealth-dropped-40-percent/2012/06/11/gJQAlIsCVV_story.html
U.S. poverty heads toward highest level in 50 years
http://www.chicagotribune.com/business/breaking/chi-us-poverty-heads-toward-highest-level-in-50-years-20120723,0,5437495.story
The United States now ranks fifth, overtaken by Sweden and Singapore in the 2011-2012 rankings of the World Economic Forum’s Global Competitiveness report.
http://www.ibtimes.com/articles/209890/20110907/united-states-united-kingdom-sweden-and-singapore-2011-2012-rankings-of-the-world-economic-forum-s-g.htm
A Downgrade for Illinois-The worst credit rating aside from California
http://online.wsj.com/article/SB10000872396390443409904577619800234602824.html?mod=djemEditorialPage_h
Pension gap divides public and private workers (2007 article but timely)
http://www.usatoday.com/news/nation/2007-02-20-pensions-cover_x.htm
You can bet the politicians will be looking for ways to steal the 401k savings of the non-government retirees to fund the bloated benefits of the government retirees. The former group has nobody to defend them. The latter has politicians and unions feeding at the trough.
Read pensiontsunami.com regularly. It’s a compilation of news reports, mostly local or regional, about pension problems and abuses everywhere. IF YOU WORK FOR GUBMINT,YOU’RE PROBABLY BETTER OFF.
www.pensiontsunami.com