Large Pension Plans Adjusting Their Targets Downward
Reality has yet to set in among those professionals managing billions in pension plans across the land, as they set target rates of return on investments far above what...
About: Bob Adelmann
Posts by Bob Adelmann
Obama Places Vast Majority of Arctic Ocean “Indefinitely Off Limits” to Drilling
One of Obama's final acts in his presidency — making off-limits huge areas of the Arctic to energy harvesting — may leave the Obama administration with a much different...
Boomers’ Social Security Checks Being Garnished for Unpaid Student Loans
Fedgov started insuring student loans in 1965, and then making student loans directly in 1993. The painful consequences of those actions are just now becoming visible. ...
Trump Likely To Pick Larry Kudlow as Chief Economic Advisor
President-elect Donald Trump is expected to nominate Larry Kudlow as his chief economic advisor. ...
Trump Names Entrepreneur, Terrorism Expert as Army Secretary
The nomination of Vincent Viola as army secretary reveals more about Trump's hiring style: no "yes" men here! ...
High-level North Korean Defector Exposes Life Among Elites
North Korean Ambassador Thae Yong-ho defected to South Korea in August, and after months of interrrogation he is now free. He provided insights into North Korea's ruling regime. ...
Can Mulvaney Pull Us Back From the Abyss?
Will Mick Mulvaney be able to restore budgetary and fiscal sanity in our country? Or will he end up as did Reagan's Budget Director David Stockman? ...
Sheriff Joe: Obama’s Long-form Birth Certificate Is Fraudulent
The five-year-long forensic investigation into the long-form birth certificate that President Barack Obama produced in 2011 has finally come to an end. ...
Obama’s Labor Secretary Wants To Be DNC Chair
Just as Representative Keith Ellison was getting comfortable as the front runner for chair of the Democratic National Committee, along came Labor Secretary Tom Perez to challenge him for...
Simmering Greek Financial Crisis Explodes Once Again
Talk of a Grexit is starting once again. The Greek financial "crisis" never was solved; it just simmered. ...
Trump Meets With Tech Executives
Donald Trump opened a gathering of high-tech industry executives on Wednesday, nearly all of whom vociferously opposed him during the presidential campaign, by calling them “a truly amazing group...
Another Chicago Alderman Indicted
A 15-count federal indictment handed down on Wednesday charged Chicago Alderman Willie Cochran with wire fraud, federal program bribery, and extortion. If convicted on all counts, he faces 280...
EIA’s Energy Forecast for 2017 Laced With “Uncertainty”
With so many moving parts, it's no wonder the U.S. Energy Information Administration can't forecast the future of oil and gas. ...
Oops! Trump Names Rick Perry as Energy Secretary
Former Texas governor Rick Perry has been given the opportunity to run the department he once wanted to abolish — if he could only remember its name. ...
Trump Names ExxonMobil Chief Rex Tillerson Secretary of State
Tillerson is a deal maker, just like Trump. But one of those deals could cost him the nomination as Trump's secretary of state. ...
Connecticut Democrat Pushes Electoral College to Vote for Hillary
Representative James Himes, who is urging members of the Electoral College to vote for Hillary Clinton, hasn't done all his homework on the Electoral College, or, for that matter,...
Boomers Are Retiring, Draining Pension Plans
As Baby Boomers retire, pension promises won't be kept. What happens then? Athens? London's "Winter of Discontent?" ...
Texas Congressman Proposes “Permanent” Fix for Social Security
Congressman Sam Johnson (R-Texas) has presented a plan to "permanently save Social Security." However, there's no such thing as a "permanent" fix for what ails Social Security. ...
Trump’s Labor Secretary: Fast-food Magnate Is Anti-Minimum Wage
If Trump is serious about job growth in the United States, then Andy Puzder, the head of CKE Restaurants (Hardee’s and Carl’s Jr.), is his man. ...
UPDATE: Dallas Pension Plan Stops Early Withdrawals
Dallas' decision to stop lump-sum withdrawals from a special retirement fund for police and firemen that is billions short in funds just stops the financial bleeding. It does not...