No Letup in French Strikes Over Pension Reform
Long-running strikes by trade unions over French President Emmanuel Macron’s push to overhaul the nation’s retirement system will continue despite a compromise offer by the government.
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Workers v. Government: Showdown in France Over Pension Reforms
France was seized by a new wave of nationwide strikes on Thursday by a spectrum of workers angry over the government’s plans to overhaul the nation’s public retirement system.
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Ballet Dancers Down Tutus in Longest Strike Ever at Paris Opera
Paris Opera has lost more than $13.3 million in a month-long strike by ballet dancers fighting to cling onto pension rights that date back to the “Sun King” Louis XIV.
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Railway Pension Strikes Becoming the Longest in French History
Nationwide strikes against French President Emmanuel Macron’s plan to overhaul France’s pension system will enter the New Year and become France’s longest-running rail strike in the country’s history.
Read moreDefense Spending
Northrop Grumman claims the United States owes it $7 million in pension-related costs, in the Court of Federal Claims.
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French Transport Strike Enters Fourth Week
Christmas Day brought no respite for travelers in France as a transport strike entered its fourth week, ruining the plans of thousands wanting to celebrate with loved ones.
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France Debates Pension Reforms and Goes on Strike
Seeking to calm nationwide strikes that threaten to cause havoc during the winter holidays, French President Emmanuel Macron on Wednesday signaled a willingness to make a key concession in his plans to overhaul France’s retirement system.
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Macron & Unions to Negotiate, but Strike Still Wreaking Havoc
The French government and labor unions face off Wednesday over a pensions overhaul, 14 days into a crippling transport strike that is hurting businesses, wearing out commuters and casting a shadow over holiday plans.
Read morePension Supplement for Moms, Not Dads, Ruled Unfair
Spanish men with two or more children are just as entitled as are mothers to a supplement that the country applies to pension awards, the European Court of Justice ruled Thursday.
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French PM Fails to Appease Strikers With Pension Reform Plan
France’s prime minister sought to strike a conciliatory note Wednesday as he unveiled a controversial plan to overhaul the country’s pension system, but failed to appease striking unions which vowed to expand a crippling week-old transport freeze.
Read moreFrench Protest Retirement Changes, Travel Disruptions Abound
Paris police skirmished Saturday with yellow vest activists who joined a wave of protests against the government’s overhaul of France’s retirement system, as highway blockades and train stoppages by other protesters disrupted weekend travel around the country.
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Macron Faces New Test as France Goes on Strike
French President Emmanuel Macron is facing a major test to his presidency as France was beset Thursday by massive strikes that could turn into days of angry protests over his government’s plans to overhaul pensions.
Read moreRacketeering
A federal judge granted default judgment of $154,600 to five veterans who claim BAIC Inc. et al. conspired to defraud them and other military veterans in the sale of pension benefits.
Read morePension Scam
The Chicago Transit Authority Retiree Health Care Trust sued Dilworth Paxson LLP, its former attorney Timothy Anderson, and Greenberg Traurig LLP in Cook County Court, claiming they were negligently involved in “the issuance of $43 million in worthless bonds … to unwitting public pension funds.”
Read moreKentucky Governor and Challenger Spar Over Jobs, Schools
The first of five scheduled debates between Kentucky Republican Governor Matt Bevin and Democratic candidate Andy Beshear was held Thursday at the Paducah Chamber of Commerce, and saw the two sparring over education and job creation.
Read moreYou Can Fight City Hall
Numerous unions, including the Deputy City Attorneys Association of San Diego, sued the city in superior court over Proposition B City Charter amendments of 2012, “which denies all city employees newly hired on and after July 20, 2012, except sworn police officers, any access to the city’s defined benefit pension plan.”
Read morePrivate-Equity Firms Emerge in Warren’s Crosshairs
The private-equity industry needs a complete overhaul, Senator Elizabeth Warren said Thursday, unveiling a new policy initiative for her 2020 presidential campaign.
Read more$43 Million
The SEC claims in a federal complaint that Jason Sugarman, 47, of Los Angeles, “stole $43 million from unwitting pension funds to finance the acquisition of a global financial conglomerate of European and Bermuda insurers, and investment advisers based in Virginia and Connecticut.”
Read moreEU Court Calls Out Pension Calculation as Unfair to Women
Spain’s practice of calculating retirement pensions for part-time work could leave the country on the hook for sex discrimination, the European Court of Justice ruled Wednesday.
Read moreMorgan Stanley Coughs Up $150M for California Pension Losses
More than a decade after the bottom fell out the U.S. economy and the housing market tanked, multinational investment company Morgan Stanley has agreed to pay California $150 million to settle claims the company hid the riskiness of mortgage-backed securities sold to the state’s public employee pension funds.
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