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Pension and Welfare

A collection of news and information related to Pension and Welfare published by this site and its partners.

Top Pension and Welfare Articles see all

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  • News of the Weird: A Piece of the Action

    News of the Weird: A Piece of the Action
    “Fantasy sports” are hugely popular, but when fans “draft” players for their teams, they “own” only the players' statistics. Recently, Wall Street and Silicon Valley entrepreneurs created Fantex Holdings, which will allow investors to buy actual pieces of real players — namely, rights to 20 percent of the player's lifetime earnings (including licensing and product endorsement deals). The firm told The New York Times in October that it will soon stage an “IPO” for budding NFL star Arian Foster and hopes to sign up many more athletes, plus singers and actors similarly early in their careers. (On the other hand, Fantex's lawyers drew up a 37-page list of potential investment risks, such as injuries, slumps and scandals — and the fact that the stock will trade only on Fantex's private exchange.)
  • With court's approval, Detroit emerges from bankruptcy

    Detroit emerged Friday from the nation’s largest municipal bankruptcy with a life line as it seeks to recover from an ocean of debt and mismanagement that threatened to drown the onetime symbol of U.S. industrial might. The court approval of the...

    U.S. prosecutor retires after 43 years fighting Chicago mob, corruption

     U.S. prosecutor retires after 43 years fighting Chicago mob, corruption
    As a young federal prosecutor, Gary Shapiro was just days from trying his first big Chicago mob case in 1974 when masked men burst into a Bensenville plastics firm and fatally shot Danny Seifert in front of his wife and young son. At the time, Seifert...

    Don't blame politicians for all our woes

    Don't blame politicians for all our woes
    I usually agree with Dan Rodricks, but I believe that he has fallen into the same trap as many other Americans who express concern about the direction in which the country is headed ("Ambivalence, dissatisfaction at the polls," Nov. 5). All of these...

    Bethlehem Mayor Donchez calls for tax increase in 'austere' budget

    Bethlehem Mayor Donchez calls for tax increase in 'austere' budget
    After trimming $5 million from the budget and raising more in fees increases and property sales, Bethlehem Mayor Robert Donchez announced Friday the city will need a tax increase of just under 1 mill to balance the "austere" budget and fix the...