So, You Think Your Pension Fund Is Safe. Surprise!

Written by Gary North on February 3, 2012

Employees of American Airlines worked for years on the assumption that they would receive a pension. But that legal obligation may not survive America Airlines’ bankruptcy. Companies and cities see this as a way out. They can drive a hard bargain with unions. Who do you think unions worry about most? Existing workers or retired […]

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Mentally Kiss Your Pension Fund Money Goodbye

Written by Gary North on November 25, 2011

The main story of MF Global is that the crisis in Europe brought it down. Wrong story. The main story is that the firm dipped into customers’ paid-up accounts and moved the money. Where to? It’s not clear. How much money? It’s not yet clear. It may be over a billion dollars. This is illegal, […]

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