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“Still in Solitary Over Here in Baghdad”: A Forgotten American’s 14-Year Nightmare in Iraq

Posted on October 28, 2018
Filed Under Articles and Opinion | Comments Off on “Still in Solitary Over Here in Baghdad”: A Forgotten American’s 14-Year Nightmare in Iraq

In the early years of the U.S. occupation of Iraq, an American citizen got caught up in the war’s chaotic detention system. Over a decade later, Shawki Omar, his body marked by torture and his health failing, remains locked in an Iraqi jail on terrorism charges, his fate determined by courts that human rights groups have called inhumane and unjust.

Illinois Gov. Bruce Rauner, Sworn Foe of Pensions, Made a Fortune Charging High Fees to Public Pensions

Posted on October 22, 2018
Filed Under Articles and Opinion | Comments Off on Illinois Gov. Bruce Rauner, Sworn Foe of Pensions, Made a Fortune Charging High Fees to Public Pensions

A Manufactured Crisis

Earlier this year, the New York Times ran a front-page story about the outrageous pensions being paid out to a few Oregon retirees. The , headlined “A $76,000 Monthly Pension: Why States and Cities Are Short on Cash,” featured a former college football coach collecting more than $550,000 a year, and a retired university president pocketing $913,000.

How a Gang of Hedge Funders Strip-Mined Kentucky’s Public Pensions

Posted on October 21, 2018
Filed Under Articles and Opinion | Comments Off on How a Gang of Hedge Funders Strip-Mined Kentucky’s Public Pensions

Hedge Fund Dogs

In April 2008, a longtime investment adviser named Chris Tobe was appointed to the board of trustees that oversees the Kentucky Retirement Systems, the pension fund that provides for the state’s firefighters, police, and other government employees.

How Wall Street Drove Public Pensions Into Crisis and Pocketed Billions in Fees

Posted on October 20, 2018
Filed Under Articles and Opinion | Comments Off on How Wall Street Drove Public Pensions Into Crisis and Pocketed Billions in Fees

A Wall Street Coup

Thousands of Kentucky public school teachers have been staging protests since at least 2016 to preserve their public pensions, more than one-third of which is invested in “alternatives”: private equity, hedge funds, commodities, distressed debt, and other opaque Wall Street investment vehicles. A “Wall Street coup” — that’s how pension expert Edward “Ted” Siedle describes it.

 

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