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Florida lawmakers are considering legislation that would eliminate retirement plan choice for state employees. The proposed measure would do away with defined benefit pensions for newly-hired employees, offering only a 401(k)-style defined contribution plan. Other states and localities that have implemented dramatic shifts to their public employee retirement plans have experienced unfortunate, unintended consequences –
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Municipals were little changed Wednesday with a firm tone as few deals priced, more inflows were reported and markets began digesting President Joe Biden’s massive infrastructure plan. The $2 trillion proposal, combined with the shortened week and the arrival of the second quarter, are overshadowing the market, according to Anthony Valeri, director of investment management
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Joe Biden is very upset that people aren’t wearing their ritualistic shame muzzles anymore. He’s now making…  by Mac Slavo of SHTFplan Joe Biden is very upset that people aren’t wearing their ritualistic shame muzzles anymore. He’s now making demands on lower politicians to exercise tyranny on as many people as possible and “reinstate their
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SoftBank-backed Compass raised only about half the total it originally expected from its initial public offering, a sign that investors have grown cautious about the technology equipped brokerage’s ambitions to disrupt real estate sales. Compass priced its shares at $18 each on Wednesday evening, according to the company, raising $450m. Earlier, the company reduced the
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A business world gone suddenly virtual played to the strengths of fintech companies. After all, they are built on digital alternatives to analog processes, from making loans to trading securities. But even though many fintechs saw growth accelerate over the last 12 months, they were not immune to the political, social and financial turmoil wrought
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Major financial institutions are expanding their cryptocurrency services, with Bakkt launching its digital asset payments application for the general public. Bakkt was launched by Intercontinental Exchange in 2018, with the firm offering Bitcoin futures contracts to accredited investors exclusively. The Bakkt App is the firm’s first retail-facing crypto initiative. Bakkt’s app was trialed by 500,000
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We’ve been given so many rules about designing our homes, such as always painting the walls white and that your dresser, bed, and nightstands must match. But following the rules of interior design often leads to visually uninteresting spaces. So, do we need to listen to everything we’ve been told? After all, they say that
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Manhattan District Attorney Cyrus R. Vance Jr. Jeenah Moon | Getty Images Prosecutors in Manhattan have subpoenaed Trump Organization CFO Allen Weisselberg’s personal bank records, The New York Times reported Wednesday. The prosecutors, who are conducting a sweeping probe surrounding Donald Trump and his company, are also questioning gifts that Weisselberg and his family received
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When we try to define “old age,” most of us want to determine where it starts, as though anything beyond X number of years is old and everything that comes before that is something else – maybe childhood or teenage or middle age. Where we draw that line might change over time.  When you were school
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When you scratch your head and try to figure out how in the world silver prices could be falling when physical demand is soaring…  by Craig Hemke via Sprott Money News March has been a very challenging month for precious metal investors. However, it has been a difficult month for commodities across the board. Why?
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by Charles Hugh-Smith Buyers know there will always be a greater fool willing to pay more for an over-valued asset because the Fed has promised us it will always be the greater fool. I realize nobody wants to hear that most of their “wealth” is nothing more than wispy Cloud Castles in the Sky that will dissipate
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The consumer staples sector is comprised of companies that produce and sell items considered essential for everyday use. Consumer staples products include household goods, food, beverages, hygiene products, and other items that individuals are either unwilling or unable to eliminate from their budgets even in times of financial trouble. As a result, these companies are viewed as
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