Download or read book Retirement Heist written by Ellen E. Schultz and published by Penguin. This book was released on 2012-10-30 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Winner of the 2012 Helen Bernstein Book Award for Excellence in Journalism Hundreds of companies have slashed pensions and health coverage for millions of retirees, claiming that a “perfect storm” of stock market losses, aging workers, and spiraling costs have forced them to take drastic measures. But this so-called retirement crisis is no accident. Ellen E. Schultz, an award-winning investigative reporter formerly of The Wall Street Journal, reveals how large employers and the retirement industry have all played a huge and hidden role in the death spiral of American pensions and benefits. A little over a decade ago, pension plans were fat. But companies used slick accounting and dubious loopholes to turn their pension plans into piggy banks, tax shelters, and profit centers. As pensions weakened, companies slashed benefits for workers while doling out gargantuan pensions to their top executives. Drawing on original analysis of company data, government filings, and confidential memos, Schultz uncovers decades of widespread deception during which employers exaggerated their retiree burdens while tricking employees, misleading shareholders, and lobbying for taxpayer handouts.
Download or read book The Last Job The Bad Grandpas and the Hatton Garden Heist written by Dan Bilefsky and published by W. W. Norton & Company. This book was released on 2019-04-23 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definitive account of one of the most brazen jewel heists in history. Over Easter weekend 2015, a motley crew of six English thieves, several in their sixties and seventies, couldn’t resist coming out of retirement for one last career-topping heist. Their target: the Hatton Garden Safe Deposit, in the heart of London’s medieval diamond district. “The Firm” included Brian Reader, ringleader and legend in his own mind; Terry Perkins, a tough-as-nails career criminal but also a frail diabetic; Danny Jones, a fitness freak, crime enthusiast, and fabulist; Carl Wood, an extra pair of hands, and definitely more brawn than brains; John “Kenny” Collins, getaway driver, prone to falling asleep on the job; and the mysterious Basil, a red-wigged associate who has only now been identified. Perhaps not the smoothest of criminals—one took a public bus to the scene of the crime; another read Forensics for Dummies in hopes he would learn how to avoid getting caught—they planned the job over fish and chips at their favorite pubs. They were cantankerous and coarse, dubbed the “Bad Grandpas” by British tabloids, and were often as likely to complain about one another as the current state of the country. Still, these analog thieves in a digital age managed to disable a high-security alarm system and drill through twenty inches of reinforced concrete, walking away with a stunning haul of at least $19 million in jewels, gold, diamonds, family heirlooms, and cash. Veteran reporter and former London correspondent for the New York Times Dan Bilefsky draws on unrivaled access to the leading officers on the case at the Flying Squad, the legendary Scotland Yard unit that hunted the gang, as well as notorious criminals from London’s shadowy underworld, to offer a gripping account of how these unassuming criminal masterminds nearly pulled off one of the great heists of the century.
Download or read book Retirement Heist written by Ellen Schultz and published by Portfolio (Hardcover). This book was released on 2011 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Pulitzer Prize-winning journalist exposes the mismanagement and corruption in major companies that led to severe reductions in employee retirement benefits, contending that business leaders have misrepresented costs to justify the eliminations of pensions and health coverage.
Download or read book Beyond Our Means written by Sheldon Garon and published by Princeton University Press. This book was released on 2012 with total page 495 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Garon's insightful and provocative new book couldn't be more important, and couldn't be more timely. The prosperity of Americans, and America, now depends on creating a nation of savers and investors, and Garon shows us the way by bringing the experience and lessons of nations worldwide right into our hands."--Ray Boshara, senior fellow, "New America Foundation."
Download or read book The Great Greene Heist written by Varian Johnson and published by Scholastic Inc.. This book was released on 2014-05-27 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: Saving the school -- one con at a time. "A political heist page-turner set in middle school? Is that even possible? Varian Johnson shows us how it's done." - Gordon Korman, author of SWINDLE "Do yourself a favor and start reading immediately." - Rebecca Stead, author of WHEN YOU REACH ME Jackson Greene swears he's given up scheming. Then school bully Keith Sinclair announces he's running for Student Council president, against Jackson's former friend Gaby de la Cruz. Gaby wants Jackson to stay out of it -- but he knows Keith has "connections" to the principal, which could win him the presidency no matter the vote count. So Jackson assembles a crack team: Hashemi Larijani, tech genius. Victor Cho, bankroll. Megan Feldman, science goddess. Charlie de la Cruz, reporter. Together they devise a plan that will take down Keith, win Gaby's respect, and make sure the election is done right. If they can pull it off, it will be remembered as the school's greatest con ever -- one worthy of the name THE GREAT GREENE HEIST.
Download or read book Who Stole My Pension written by Robert Kiyosaki and published by . This book was released on 2020-01-14 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: It's estimated that there are over 50 million pensioners--in the United States alone. Like the United States, the United Kingdom, Japan, Italy, Germany and many other countries around the world are all in big trouble when it comes to the solvency of their pension funds. Who Stole My Pension? was written to give them guidance, resources, and tools so they can take action... and stop the looting. We are in the early stages of the greatest retirement crisis in the history of our nation and, indeed, the entire world. According to the World Health Organization, nearly two billion people around the world are expected to be over age 60 by 2050, a figure that's more than triple what it was in 2000. For better or for worse, never before have there been more elderly people living on planet Earth. One thing is. certain: Doing nothing--sitting back, confident your pension check is "in the mail"--is not an option. That's a risk you can't afford to take. According to Edward Siedle, a former attorney with the United States Securities and Exchange Commission and America's leading expert in pension looting, "In the decades to come, we will witness hundreds of millions of elders worldwide, including America's Baby Boomers, slipping into poverty. Too frail to work, too poor to retire will become the "new normal" for many of the aged." Kiyosaki, who like Siedle saw this crisis looming years ago, complements the facts and stats Siedle puts forth with strategies on how retirees can take control--not only their pensions, but their financial futures. Kiyosaki writes about the fact that his father, a highly educated man he calls his poor dad, wasn't poor until he lost his job, his paycheck--and his pension. "His PHD couldn't save him," says Kiyosaki, who has dedicated his life to teaching and financial literacy advocacy. In Who Stole My Pension? the authors focus on the most misunderstood and ignored cause of the pension crisis: mismanagement of pensions and investments. The culprits that are looting the pensions of public school teachers, firefighters, police, as well as private sector workers, are on Wall Street. The Wall Street casinos charging high fees for gambling in risky hedge funds and other speculative investments, outrageous investment-industry conflicts of interest, and outright violations of the law. Who Stole My Pension? is an in-depth assessment of the pension crisis that the world is facing today and what millions around the world--employees who expected to have pension income at retirement--can do about it. The authors recount a history of pension failures, inexperienced boards, gambling, looting and other horror stories--with a focus on action steps workers and retirees can take to quickly determine if a pension is being mismanaged as well as the concrete steps they can take to end decades of pension mismanagement. They detail critical questions retirees can ask--and guidance regarding how to act on what they learn.
Download or read book California Dreaming written by Lawrence J. McQuillan and published by Independent Institute. This book was released on 2015-05-29 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: California's unfunded public pension liability, when measured correctly, is two to four times larger than official government estimates. In total, California's 86 defined-benefit public pension plans are underfunded by roughly $430 billion, representing California's greatest financial challenge since the Great Depression. The failure to fully fund the pension promises has allowed the current generation to receive public services that they are not fully paying for, pushing the pension problem onto future generations. California Dreamin': Resolving the Public Pension Crisis explains how six reforms would solve the state's pension problem in an equitable, responsible, and moral way: preserving pension benefits already earned, providing competitive pensions going forward, and granting the flexibility needed so that future generations are not paying for deals they did not make.
Download or read book Rescuing Retirement written by Teresa Ghilarducci and published by Columbia Business School Publi. This book was released on 2018 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Rescuing Retirement, Teresa Ghilarducci and Tony James offer a comprehensive yet simple plan to help workers save for retirement, increase retirement savings by earning higher returns, and guarantee lifelong income for everyone. It offers a practical guide to the future of secure retirement.
Download or read book The Little Old Lady Who Broke All the Rules written by Catharina Ingelman-Sundberg and published by HarperCollins. This book was released on 2016-07-12 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: #1 International Bestseller The Best Exotic Marigold Hotel meets The Italian Job in internationally-bestselling author Catharina Ingelman-Sundberg’s witty and insightful comedy of errors about a group of delinquent seniors whose desire for a better quality of life leads them to rob and ransom priceless artwork. Martha Andersson may be seventy-nine-years-old and live in a retirement home, but that doesn’t mean she’s ready to stop enjoying life. So when the new management of Diamond House starts cutting corners to save money, Martha and her four closest friends—The Genius, The Rake, Christina and Anna-Gretta (a.k.a. The League of Pensioners)—won’t stand for it. Fed up with early bedtimes and overcooked veggies, this group of feisty seniors sets about to regain their independence, improve their lot, and stand up for seniors everywhere. Their solution? White collar crime. What begins as a relatively straightforward robbery of a nearby luxury hotel quickly escalates into an unsolvable heist at the National Museum. With police baffled and the Mafia hot on their trail, the League of Pensioners has to stay one walker’s length ahead if it’s going to succeed…. Told with all the insight and humor of A Man Called Ove or Where’d You Go Bernadette?, The Little Old Lady Who Broke All the Rules is a delightful and heartwarming novel that goes to prove the adage that it’s not the years in your life that count, it’s the life in your years.
Download or read book Master Thieves written by Stephen Kurkjian and published by PublicAffairs. This book was released on 2015-03-10 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definitive story of the greatest art theft in history. In a secret meeting in 1981, a low-level Boston thief gave career gangster Ralph Rossetti the tip of a lifetime: the Isabella Stewart Gardner Museum was a big score waiting to happen. Though its collections included priceless artworks by Rembrandt, Vermeer, Degas, and others, its security was cheap, mismanaged, and out of date. And now, it seemed, the whole Boston criminal underworld knew it. Nearly a decade passed before the Museum was finally hit. But when it finally happened, the theft quickly became one of the most infamous art heists in history: thirteen works of art valued at up to 500 million, by some of the most famous artists in the world, were taken. The Boston FBI took control of the investigation, but twenty-five years later the case is still unsolved and the artwork is still missing. Stephen Kurkjian, one of the top investigative reporters in the country, has been working this case for over nearly twenty years. In Master Thieves, he sheds new light on some of the Gardner's most abiding mysteries. Why would someone steal these paintings, only to leave them hidden for twenty-five years? And why, if one of the top crime bosses in the city knew about this score in 1981, did the theft happen in 1990? What happened in those intervening years? And what might all this have to do with Boston's notorious gang wars of the 1980s? Kurkjian's reporting is already responsible for some of the biggest breaks in this story, including a meticulous reconstruction of what happened at the Museum that fateful night. Now Master Thieves will reveal the identities of those he believes plotted the heist, the motive for the crime, and the details that the FBI has refused to discuss. Taking you on a journey deep into the gangs of Boston, Kurkjian emerges with the most complete and compelling version of this story ever told.
Download or read book Staked written by Kevin Hearne and published by Del Rey. This book was released on 2016-01-26 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: NEW YORK TIMES BESTSELLER • In the eighth book in The Iron Druid Chronicles, two-thousand-year-old Druid Atticus O’Sullivan faces the clan of vampires who have been bent on destroying him—including Leif, his former best friend turned enemy. When a Druid lives as long as Atticus does, he’s bound to run afoul of a few vampires—make that legions of them. Even his former friend and legal counsel turned out to be a bloodsucking backstabber. Now the toothy troublemakers—led by power-mad pain-in-the-neck Theophilus—are no longer content to live undead and let live. Atticus needs to make a point—and drive it into a vampire’s heart. As always, Atticus wouldn’t mind a little backup. But his allies have problems of their own. Ornery archdruid Owen Kennedy is having a wee bit of troll trouble: Turns out when you stiff a troll, it’s not water under the bridge. Meanwhile, Granuaile is desperate to free herself of the Norse god Loki’s mark and elude his powers of divination—a quest that will bring her face-to-face with several Slavic nightmares. As Atticus globe-trots to stop his vampire nemesis, the journey leads to Rome. What better place to end an immortal than the Eternal City? But poetic justice won’t come without a price: In order to defeat Theophilus, Atticus may have to lose an old friend. Don’t miss any of The Iron Druid Chronicles: HOUNDED | HEXED | HAMMERED | TRICKED | TRAPPED | HUNTED | SHATTERED | STAKED | SCOURGED | BESIEGED
Download or read book The Jesus Heist written by C. Andrew Doyle and published by Church Publishing, Inc.. This book was released on 2017-08-01 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provocative readings of biblical stories, with thoughts on what they are saying to the church. Inside the Church, we are constantly and consistently reading the gospels through the lens of supporting our own institution and structure. This prevents us from hearing the critique Jesus offered in his own day and his emphatic and persistent call to be and do differently now (Matthew 23:1–12). Stories include Widow’s Mite, Rich Young Ruler, Destruction of the Temple, Searching for the Lost Coin, Sower of the Seeds, Transfiguration, and the Great Commission. This book flips the script of many Bible stories, allowing us to hear Jesus’ call to change as one that is directed at us rather than as one we should direct toward others.
Download or read book Broadbandits written by Om P. Malik and published by Wiley. This book was released on 2004-11-08 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investigating the financial fraud and misguided power plays that brought down the telecom industry Once the foundation of the Dow and NASDAQ, the telecom industry has eaten up more capital than any other industry in recent history and has nothing to show for it. Today, it is by far the worst culprit in the spate of financial dirty dealings that have been splashed across the business pages, and yet the rewards reaped by top executives at many of these failed or failing companies have been inversely proportionate to their decline. Broadbandits takes readers behind the scenes to get the story they won't get in the media. Investigative reporter Om Malik follows the money trail and deciphers the actions and motivations of a generation of new economy "barbarians" that brought down this once lucrative industry. This intriguing book offers an inside look into the telecom bubble, with tales and anecdotes about mavericks who turned simple light and glass fibers into veins of gold, financiers who got greedy and fleeced unsuspecting millions, clueless venture capitalists who thought they'd tapped into the mother lode, hapless entrepreneurs who believed that they were changing the world, and self-proclaimed pundits who were cheering it all on from the sidelines. Broadbandits is a compelling account of the downfall of telecom giants such as WorldCom and Global Crossing, and will show readers how many telecom upstarts and veterans alike became victims of what one chief executive aptly described as "high-yield heroin." Om Malik (New York, NY) is a Senior Writer for Red Herring who focuses on the telecommunications sector. Prior to joining Red Herring in July 2000, he was senior editor at Forbes.com. His work has also been published in newspapers and magazines such as The Wall Street Journal, Business 2.0, Brandweek, and Crain's New York Business. For a very brief while, he was a venture capitalist.
Download or read book Ronald Reagan the Great Social Security Heist written by Allen W. Smith Ph. D. and published by Ironwood Publications (FL). This book was released on 2013-12 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: The money's gone! Social Security doesn't have $2.7 trillion stashed away for paying benefits, as so many people believe. It cannot pay benefits for another 20 years, as is often claimed. In fact, Social Security does not have enough money to pay full benefits, even for 2014, without borrowing money from China or another of our creditors. How can this be? Wasn't Social Security fixed by the Social Security Amendments of 1983, which included a large increase in payroll taxes? That's what we were told at the time. President Reagan signed that legislation into law with great fanfare on April 20, 1983. With his comments at the signing ceremony, Reagan gave the impression that it was a proud day for America. But, instead of being a proud day for America, as Reagan implied, the day the new legislation was signed into law, turned out to be a day of shame for the United States. The Social Security Amendments of 1983 laid the foundation for 30 years of government embezzlement of Social Security funds. The money was used to pay for wars, tax cuts for the rich, and other government programs. The payroll tax hike of 1983 generated a total of $2.7 trillion in surplus Social Security revenue. This surplus revenue was supposed to be saved and invested in marketable U.S. Treasury bonds, which would be held in the trust fund until the baby boomers began to retire in about 2010. But not one dime of that money ever made its way to the Social Security trust fund. The 1983 legislation was sold to the public, and to Congress, as a long-term fix for Social Security. With the help of Alan Greenspan, Reagan was a super salesman, who could have sold almost anything to the public-even a scam. And that's exactly what he was selling. Reagan intended to use the surplus Social Security revenue to replace revenue lost because of his unaffordable income tax cuts. Instead of being set aside for the retirement of the baby boomers, as was the intent of the legislation, the extra Social Security revenue was deposited directly into the general fund just like income tax revenue. From the very beginning, Reagan and his advisors had no intention of saving and investing the new revenue for the retirement of the baby boomers. They needed additional general tax revenue, and an increase in the payroll tax would be much easier to enact than higher income taxes. Also, the potential to get vast amounts of revenue was much greater with a payroll tax increase than from an income tax increase. The baby boomers, the largest generation of Americans who ever lived, were already making large contributions to the Social Security fund. Like all previous generations, prior to 1983, the boomers were being required to pay the full cost of benefits paid to the previous generation. But, the proposed new legislation would hit the boomers with a double whammy. In addition to paying for their parents' benefits, the new law would require the baby boomers to also pay enough additional taxes to prepay the cost of their own benefits. This would generate a potential gold mine of surplus revenue that could be tapped and used for other purposes. But none of the $2.7 trillion in additional Social Security revenue was ever saved or invested in anything. The actual surplus money was replaced with nonmarketable government IOUs, which cannot be converted into cash or used to pay Social Security benefits. It would have been bad enough if only Reagan had looted Social Security money. But George H.W. Bush, Bill Clinton, and George W. Bush all followed in Reagan's footsteps and spent all of the Social Security surplus revenue for non-Social Security purposes, just like Reagan. This book is a must read for all who care about the future of Social Security and the integrity of their government.
Download or read book Stealing Wyeth written by Bruce E. Mowday and published by Barricade Books. This book was released on 2019-08-07 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Andrew Wyeth was one of the best known American artists in the world in the 20th century with his works, including the Helga series, being sought after by serious art collectors worldwide. His father N. C. and son Jamie are integral parts of the best known American family of artists. A gang of thieves decided to steal an original Wyeth painting for their 'retirement' and engaged a professional cat burglar (who was responsible for more than 1,500 crimes during his criminal career) to steal a Wyeth painting. The theft resulted in ... 15 paintings [being taken] from the Wyeth estate in picturesque Chadds Ford, Pennsylvania. The search for the paintings takes the investigators throughout the United States and involves dangerous thieves, gamblers, drug dealers, and murderers. In the process of tracking down the thieves and the paintings, hundreds of other crimes were solved"--
Download or read book The Labor Guide to Retirement Plans written by James W. Russell and published by NYU Press. This book was released on 2021-11-22 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Researching retirement plans should not take the rest of your life, even if deciphering the relevant paperwork seems to have become a full-time job. Deliberately elaborate legalese is obscuring the efforts of financial elites to seize control of workers' collective retirement savings-and The Labor Guide to Retirement Plans is here to translate. In theory our national pension system, Social Security, should function well as a form of social insurance delivering partial retirement security, while workplace 401(k)s provide the rest. The problem is that very few do. Indeed, most workers have weak workplace retirement plans if they have them at all-and about half do not. Neoliberal retirement reforms have made matters worse, accelerating financial elites' efforts to replace workers' guaranteed pension plans with weak 401(k)-like savings accounts and stock market investment schemes and ultimately enabling financial elites to seize control of workers' collective retirement savings. The result is arguably the largest source of labor value expropriation over the last four decades. In light of all this, what do workers need to know as they assess their future prospects-especially in terms of the security their retirement plans may or may not bring? What should union activists keep in mind as they push for the national and workplace reforms needed to produce greater retirement security? This nuts-and-bolts book provides a much-needed demystification of the retirement system. Even more than that The Labor Guide to Retirement Plans enables us to take charge of our own personal futures, as a first step towards taking back what belongs to us all"--
Download or read book The Role of Social Security Defined Benefits and Private Retirement Accounts in the Face of the Retirement Crisis written by United States. Congress. Senate. Committee on Finance. Subcommittee on Social Security, Pensions, and Family Policy and published by . This book was released on 2013 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
