topic-11016003 News Coverage on Pension and Welfare - CTNow
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Pension and Welfare

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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.)
  • Mailbag: Readers sound off on local elections

    Costa Mesa is safer than candidate implies I voted for Katrina Foley the last time she ran for Costa Mesa City Council, before she quit halfway through her second term. I won't be voting for her again on Tuesday. As a liberal Democrat, she's been a...

    Prominent Financial Firm Shuts Downtown Offices; Managers 'Operating Virtually From Their Homes'

    HARTFORD — Smith Whiley & Co., a Connecticut financial services firm that once handled tens of millions of dollars in state pension fund investments, got a $350,000 state economic development deal in 2012 on the condition that it add jobs to its...

    Shares jump, yen slumps as BoJ ramps up stimulus

    Shares jump, yen slumps as BoJ ramps up stimulus
    NEW YORK (Reuters) - Global equity markets surged more than 1 percent and the yen fell to a nearly seven-year low against the dollar on Friday after the Bank of Japan surprised financial markets by ramping up its massive economic stimulus program. The...

    Japan's central bank shocks markets with more easing as inflation slows

    TOKYO (Reuters) - The Bank of Japan shocked global financial markets on Friday by expanding its massive stimulus spending in a stark admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April....