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A federal bankruptcy judge dealt a serious blow to California's public staff pension systems by ruling Wednesday that payments for long term worker retirements is usually reduced every time a city declares bankruptcy -- similar to its other debts.

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Tennessee may well join the handful of states that charge citizens for trying to find public information and facts from the government -- a observe that opponents say hinders transparency.

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The ballot evaluate was extensively supported by lenders and property agents. Critics warn that It is really “a wolf in sheep’s clothes.”

The city’s younger treasurer has turned a moribund Workplace into a hive of action, fueling speculation that he has better aspirations.

Legislative makes an attempt to tax nonprofits have fallen brief. But the latest legal problems could current a money difficulty for nonprofits along with a money Raise for governments.

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Utah Gov. Gary Herbert shares why he thinks his condition is so aggressive in the present hard financial local weather.

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Harvey Schwartz, Goldman’s Main money officer, reported client exercise enhanced throughout the quarter but was then damped a little by “macro worries” about international locations like China.

Denied by financial institutions, compact entrepreneurs are ever more turning to substitute lenders for help. But many cover the real expense of executing business.

California recently discovered that it paid out billions in fees to private equity supervisors, main numerous other why not find out more condition pension programs to call for far more transparency in these investments.

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