16 Oct 2018

Public Pension Underfunding Hits $6 Trillion, But It Should Be Higher

The unfunded liability of public pension funds is not something typically discussed by politicians and average citizens, but it should be. That’s because unfunded pension liabilities affect the fiscal stability of entire states, millions of public employees, from teachers and firemen to city hall secretaries and anyone who works for

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09 Oct 2018

Florida Voters: Vote No on Amendment 10 on November 6

When political emotions run high, there is a higher probability of civil rights abuses, especially by people with political or administrative power. This is the danger of a provision in Amendment 10–the so-called “Protection Amendment–which calls for a constitutional amendment that would, in part, mandate the establishment of an Office

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26 Sep 2018

ESG Investing Gets a New Boost and a New App

Social investing, now called Environmental, Social and Governance (ESG) investing, has been around since the 1970s, but it now has a new 21st Century incarnation that matches app technology, with focused environmental and social values. These are then combined into equity portfolios designed with maximum appeal to younger investors. Even

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14 Jun 2018

Mutualfundreform.com is now Theprogressiveinvestor.org

Since it was created in 2011, Mutualfundreform.com has sought to educate investors and future retirees about the ways to secure a more financially stable retirement.  Now, something is happening that can increase your odds of having a more financially stable retirement. That is the start of a progressive political caucus

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12 Jun 2018

Some Lucky Teachers Getting Extra Credit for Home Subsidies

  During the summer, teacher strikes in West Virginia, Arizona, Oklahoma and Kentucky all focused on issues relating to pay and benefits, but one important factor was also addressed: Teachers working full time cannot afford to buy or rent homes near where they work. This is especially true in school

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02 Apr 2018

When Financial Corporations Rip-Off Their Own Employees

  Taking advantage of a stranger is bad enough, but what happens when a large financial firm knowingly takes advantage of its own employees? And to make matters worse, what happens when the employees are disadvantaged by their own employers in their own 401(k) plans? You would think this is

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27 Nov 2017

If Only Congress Had this Much Guts

If only Congress had this much guts.   Ralph Cramden Rips Donald Trump a New One This is just too good. Posted by Lucid Nation on Wednesday, February 17, 2016

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10 Sep 2017

In Awe of Hurricane Irma

We don’t think of hurricanes as awesome, majestic spiritual creations, but as deadly destructive natural events. The news covers the meteorology which created the hurricane, but that gets subordinated in favor of announcements about evacuations and preparedness. While those caveats are important, they also cause us to miss a great

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18 Aug 2017

Lending Industry Faces Huge LIBOR-Related Costs Due to Bank Fraud

The recent news that the worldwide LIBOR interest rate is going to be replaced after years of scandals about it being rigged by some of the world’s largest banks has started a slow-motion earthquake that is going to rattle interest rate lending worldwide. It also is going to be one

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19 Jul 2017

Wall Street’s Continued Self Delusion

For highly-trained and well-compensated financial experts who routinely delve into the outer limits of stochastic calculus, Black Scholes and Finite Difference Method techniques of numerical options pricing, Wall Street does a lousy job of gauging public opinion. Like most people who have to give self-evaluations and the old saw that

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