Gerald Epstein, Political Economy Research Institute, and Department of Economics, University of Massachusetts, Amherst): Financialization of the economy has been developing since the late 19th century and is now at historic Levels
Posts tagged ‘retirement’
Financialization and the World Economy
by n0madic, posted on Sunday, September 30th, 2012 at 7:36 pmTRS Townhall in Naperville
by John Laesch, posted on Saturday, April 28th, 2012 at 12:24 pmTeachers and retired teachers filled a school cafeteria in Naperville, IL to hear a presentation from Dick Ingram, the Executive Director of the Teachers Retirement System (TRS) on Thursday, April 26th.
The staff at the high school had to set up extra seats to accommodate an estimated 300-400 people.The presentation itself was very “matter of fact” and seemed to be a part of a PR effort to let teachers know that Governor Quinn and the Illinois General Assembly were about to deliver a hard-hitting punch. Most of the information presented was not new, but the use of multiple events and participation by the news media re-enforced the message, “the sky is falling and teachers have to make concessions.” Before delivering the bad news, Ingram did talk about how great it was that teachers had lived up to their responsibility by paying into the retirement system all of these years. He also acknowledged that teachers are not eligible for Social Security (a point that is often missed by the public and seems to be ignored by lawmakers).