GEAB
Excerpt (June) - The pension bomb
The poison
in the US pension system, unfortunately, comes not only from the private
players or is confined to the national level. The public authorities’
poor public finances trickle right down to the depths at local level. In fact,
like Detroit, the choice for municipalities is often relatively clear, albeit
painful: cut the pensions paid by the city to its former employees, or go
bankrupt. For the cities with the least difficulties, there also remains the
possibility of reducing costs by sacrificing the local schools, for example. To
cite just three examples, public pensions in Illinois, Pennsylvania and Ohio
(respectively the fifth, sixth and seventh most populous US states) are ailing
to such an extent, particularly in the education sector, that they forced the
ASBO to sound the alarm. The system is now only around 50% financed and costs
will explode to keep it afloat...
Christie: N.J. pension promises can't be kept
Pension reform is going to involve breaking some promises,
including reducing benefits that public employees were counting on for their
retirement, Gov. Chris Christie acknowledged during a town hall event in Belmar
Wednesday...
Don't drink the water, says 4th-largest Ohio city
Toxins possibly from algae on Lake Erie fouled the water
supply of the state's fourth-largest city Saturday, forcing officials to issue
warnings not to drink the water and the governor to declare a state of
emergency as worried residents descended on stores, quickly clearing shelves of
bottled water...
Five reasons Moody's is predicting a UK banking downturn
Moody's, one of the big three credit rating agencies, has
said house prices, new ring-fencing laws and the end of an implicit state
subsidy have led it to downgrade its outlook for the UK banking sector.
L'Allemagne rejetterait l'accord de libre-échange
L’Allemagne serait sur le point de rejeter l’accord de
libre-échange conclu entre le Canada et l’Union européenne (UE) l’an dernier, a
révélé samedi un quotidien allemand...
5 money management lessons you can learn from PM Narendra
Modi
During the long-drawn election campaign for the recently
concluded 16th Lok Sabha polls, India witnessed a proficient orator and an
excellent marketer in Narendra Modi who made an impression on every voter in
the country and created history by coming to power with a landslide victory...
India decided against signing WTO's Trade Facilitation
Agreement
India on 24 July 2014 decided against signing Trade
Facilitation Agreement (TFA) of the World Trade Organisation (WTO). The
decision was taken at the meeting of the General Council of the 160-member WTO
Geneva, Switzerland...
Iran seeking successor to Iraq PM Maliki
Iran is trying to work with Iraqi factions for a replacement
for Iraqi Prime Minister Nouri al-Maliki to form a new government in Baghdad
but there are few suitable candidates, a senior Iranian official said on
Tuesday...
Multi-billion losses expected from Russia sanctions
EU diplomats on Monday (28 July) are to pour over the legal
texts drafted by the EU commission for imposing sectoral economic sanctions on
Russia for its role in the Ukrainian conflict. The sanctions are expected to be
approved on Tuesday...
La démocratie européenne figée par l’institutionnalisation
de ses partis
Nous avons un peu perdu le fil de ce qu’est un parti
politique, à savoir une machine servant ponctuellement à une personne ou équipe
politique donnée, mue par un projet politique précis, à accéder au pouvoir...
Talks begin on devolution for whole of UK
HIGH-level discussions about setting up a constitutional
convention after the next election to create a devolution settlement for the
whole of the United Kingdom have begun, a Cabinet minister confirmed
yesterday...
The Typical Household, Now Worth a Third Less
Economic inequality in the United States has been receiving
a lot of attention. But it’s not merely an issue of the rich getting richer.
The typical American household has been getting poorer, too...
Portugal prepares to rescue its biggest private bank
Only months ago, Portugal left the euro bailout fund, after
it was one of the countries hardest hit by the eurozone crisis. Now it must use
troika money to save a major bank - raising fears the crisis may not be over...
BRICS 2009-2014: Five years of lost opportunities for Europe
…
When the BRIC launched their own club in 2009[1], their goal
was pretty simple: to provide a group strong enough to initiate and drive the reform
of the global governance institutions...
Londres: l'immobilier servirait de "refuge pour
l'argent sale"
L'immobilier londonien pourrait être devenu "un refuge
pour l'argent sale du monde entier", estime vendredi le Financial Times après
avoir identifié plus de 150 milliards d'euros passés par des paradis fiscaux
avant d'être investis dans ce secteur en Grande-Bretagne...
NKI BRICS-LEAP meeting in Paris (27/07/2014)
On July 27th, in Paris, as part of the Euro-BRICS project,
representatives of NKI BRICS and LEAP met in order to discuss interesting
perspectives of cooperation: “The BRICS National Research Committee is
developing forms of cooperation with countries outside the regions, especially
with the European Union countries, concerning the problems of global governance
and the creation of a new world order…”
FEFAP – A video to make political anticipation training
offer known
Our main objective is to develop skills in Political
Anticipation worldwide through online courses. Our courses are mainly aimed at
people who every day need to make decisions at a professional or family level.
They are created to develop the capacity of human beings to predict what is
going to happen in the future so they can make decisions in the present.
--------------------
This special Press Review reviews articles from the French
and Engligh-speaking international online media relating to the unfolding
global crisis.
It is delivered freely on a weekly basis to 60,000
recipients worldwide.
Subscription / Contact: centre@europe2020.org
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