| Deep cuts to Va. schools, social services proposed (AP) Virginia Gov. Bob McDonnell has proposed deep, unprecedented cuts to public schools, the state government work force and health and welfare safety net programs in a $2.1 billion bid to balance a critically troubled state budget. us.rd.yahoo.com |
Pension Funds Still Waiting for Big Payoff From Private Equity The 10 largest U.S. public pension funds have paid firms $17 billion in fees since 2000, but few ended up collecting the large returns that managers often held out to attract pension money. nytimes.com |
'Unaffordable' public pensions face cuts Deputy Prime Minister Nick Clegg has called public sector pensions 'unfair and unaffordable' after the OBR said the cost of the schemes will double by 2014 thisismoney.co.uk |
Pension Fraud in New Jersey Puts Focus on Illinois Cities and states are scrambling to make sure their pension disclosures are in order, and investors in distressed debt are scrambling, sensing opportunity. nytimes.com |
Legal tax havens [Bankrate.com] - No Swiss account? These tax shelters are OK by the IRS and open to most. us.rd.yahoo.com |