Pension Ponzi

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Pension Ponzi

Author : Bill Tufts
Publisher : John Wiley & Sons
ISBN 13 : 1118098730
Total Pages : 231 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Pension Ponzi by : Bill Tufts

Download or read book Pension Ponzi written by Bill Tufts and published by John Wiley & Sons. This book was released on 2011-01-25 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: The vast majority of Canadians are blissfully unaware that every man, woman and child in Canada now owes a $35,000 share of government debt and must pay this back, with interest! Make no mistake, this debt will change our country and affect every single Canadian in the decades to come. You may think you have planned for your retirement and are safe, but the government must find a way to recover this borrowed money, and they can only do that by raising your taxes and reducing your hard-earned benefits. How did this debt come about, and why can't we simply pay it off? Pension Ponzi lays the blame squarely at the feet of the politicians who refused to stand up to Canada's public sector unions. The fact is Canada's public sector, which accounts for 20% of the workforce, has been grossly overpaid relative to their counterparts in the private sector with cushy pensions paid for with your taxes and new debt. There is no denying that the country does not have the financial resources to ensure that the next generation of Canadians will have the same standard of living as the ones before it-or to support our growing seniors population. Meeting our public sector pension obligations will break the current social safety net that is a pillar of the Canadian way. Can you escape this bleak future? Can you afford to live longer? Nationally-recognized pension expert Bill Tufts and award-winning journalist Lee Fairbanks explore how this catastrophe came about and then suggest ways that government can fix what's broken, and how you as an individual can protect yourself from the financial calamity that is about to engulf Canada.

Planet Ponzi

Author : Mitch Feierstein
Publisher : Glacier USA INC
ISBN 13 : 0985036907
Total Pages : 413 pages
Book Rating : 4.9/5 (85 download)

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Book Synopsis Planet Ponzi by : Mitch Feierstein

Download or read book Planet Ponzi written by Mitch Feierstein and published by Glacier USA INC. This book was released on 2012-02-02 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: "As the global economy struggles to avoid meltdown, so the greatest Ponzi scheme in history approaches its final death rattle. Politicians have stood by and watched the financial industry create a massive overhang of debt, a mountain of low quality assets - and ultimately, an economic disaster which has dwarfed all others. The Eurozone crisis and the LIBOR manipulation scandal are just two symptoms of a much broader problem: one of vastly excessive debt, regulatory failure, a culture of deceit on Wall Street and the City of London, and governments that have promised their citizens far more than they can deliver"--Publisher.

Protecting America's Pension Plans from Fraud

Author : United States. Congress. Senate. Committee on Health, Education, Labor, and Pensions
Publisher :
ISBN 13 :
Total Pages : 100 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Protecting America's Pension Plans from Fraud by : United States. Congress. Senate. Committee on Health, Education, Labor, and Pensions

Download or read book Protecting America's Pension Plans from Fraud written by United States. Congress. Senate. Committee on Health, Education, Labor, and Pensions and published by . This book was released on 2005 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Need and Greed

Author : Stewart L. Weisman
Publisher : Syracuse University Press
ISBN 13 : 9780815606109
Total Pages : 408 pages
Book Rating : 4.6/5 (61 download)

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Book Synopsis Need and Greed by : Stewart L. Weisman

Download or read book Need and Greed written by Stewart L. Weisman and published by Syracuse University Press. This book was released on 1999-12-01 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than just a tale of manipulated financial statements, counterfeit securities, sham transactions, and cyber fraud, this story is intertwined with personalities from among the rich and famous who were involved, in some fashion, such as Governor George Pataki, actress Debbie Reynolds, attorney F. Lee Bailey, and the former chairman of the SEC. In the largest pyramid scheme in American history, the Bennett Companies which even looted their own employee's pension fund, fleeced more than 12,000 investors, 10,000 trade creditors, and 245 banks and financial institutions, of more than $1 billion. A Ponzi scheme-named for Charles Ponzi, who enticed investors with promises of high returns to purchase worthless coupons in the 1920s- was taken to new heights in the 1990s by the Bennett Companies. Extensively documented, Need and Greed follows the human drama as a small-time scam grows exponentially into nationwide holdings of hotels, floating and fixed casinos, office buildings, shopping malls, and other investments. It also allows the reader a rare view into the inner workings of big-time crime, its prosecution, and subsequent civil litigation. Throughout the book, Weisman includes vignettes about hapless investors, portraits of the Bennetts and other key players, the corporate culture at Bennett Funding, and the trappings of the lush Bennett lifestyle.

Understanding Pensions

Author : Martin Sullivan
Publisher : Routledge
ISBN 13 : 1134480237
Total Pages : 188 pages
Book Rating : 4.1/5 (344 download)

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Book Synopsis Understanding Pensions by : Martin Sullivan

Download or read book Understanding Pensions written by Martin Sullivan and published by Routledge. This book was released on 2004-08-28 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: With birth rates falling at the same time that average age is rising in the developed world, the pensions time bomb is ticking louder than ever. Understanding how pensions work, their history, and their future is absolutely essential. This book thoroughly explains to readers the unique concepts and terminology which underpin pensions. Focusing firstly on the rationale for pensions and their evolution, before moving on to an explanation of the latest controversies regarding pensions. The glossary of pensions terminology in the final section of the book virtually ensures its place on many academic bookshelves. This timely volume is an extremely useful contribution to this important issue. Of use to policy-makers as much as to students and academics of finance and public policy, Understanding Pensions should prove to be a popular addition to the literature.

How They Got Away with it

Author : Susan Will
Publisher : Columbia University Press
ISBN 13 : 023115691X
Total Pages : 386 pages
Book Rating : 4.2/5 (311 download)

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Book Synopsis How They Got Away with it by : Susan Will

Download or read book How They Got Away with it written by Susan Will and published by Columbia University Press. This book was released on 2013 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: A criminological investigation into the social, cultural, political & economic conditions that led to the 2008 financial collapse.

The Politics of Ponzi Schemes

Author : Marie Springer
Publisher : Routledge
ISBN 13 : 0429869797
Total Pages : 324 pages
Book Rating : 4.4/5 (298 download)

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Book Synopsis The Politics of Ponzi Schemes by : Marie Springer

Download or read book The Politics of Ponzi Schemes written by Marie Springer and published by Routledge. This book was released on 2020-12-30 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the space of three years, from 2009 to 2012 Bernie Madoff, Tom Petters and R. Allen Stanford were all convicted for running multi-billion dollar Ponzi schemes. These three schemes alone have had the largest financial take in U.S. history. But what role does the economy and legislation play in the occurrences of Ponzi schemes? What is the nature of Ponzi schemes and what are their tools and mechanisms? What can we know about Ponzi perpetrators? Unraveling the answers to these questions (and many more), Marie Springer provides the first representative portrait of Ponzi schemes, their perpetrators, and their victims. Adopting a multidisciplinary approach, she begins by presenting an overview of different types of Ponzi schemes. She later explores perpetrators and victims of Ponzi schemes followed by a close examination of economic trends, regulatory changes, and the financial relationship with Ponzi schemes. Other key features include: • A non-technical overview of both offender based and offense-based approaches of studying this form of fraud. • Examples of Ponzi schemes and Ponzi schemers. • A wealth of descriptive statistics on known federal cases from the 1960s until the present to quantify this specific form of fraud. Broadening our understanding of Ponzi schemes as a form of white-collar crime, The Politics of Ponzi Schemes provides an excellent foundation for students and practitioners of public administration, banking, as well as investors, finance and accounting, law enforcement officers, legislators and regulators.

Fleeced!

Author : David Craig
Publisher : Constable
ISBN 13 : 1472112245
Total Pages : 224 pages
Book Rating : 4.4/5 (721 download)

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Book Synopsis Fleeced! by : David Craig

Download or read book Fleeced! written by David Craig and published by Constable. This book was released on 2013-07-25 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decade some £3 trillion - equivalent to £50,000 for every person in Britain - has been taken from us by the ruling elites. Half was wasted in a splurge of poorly-managed public spending in the 'boom', while the other half evaporated in the 'bust' - siphoned off by city bonuses, vaporised by a collapse in pension savings and extorted to bail out the banking sector. In their explosive new book, David Craig and Matthew Elliott trace where the money has gone and who has become richer as a result. They name and shame the 'guilty': the incompetent bureaucrats that fail to deliver the services the taxpayer deserves; the multitude of ineffective regulators and watchdogs; the politicians that have betrayed our democracy and enriched themselves; and the self-serving and arrogant city bankers. Moreover, they calculate the enormous debt that awaits the British taxpayer as a result of our rulers' avarice and economic mismanagement. Fleeced! charts the greatest impoverishment and tax swindle of the public in British history.

Unsustainable

Author : James MacDougald
Publisher : The Free Enterprise Nation
ISBN 13 : 0615376444
Total Pages : 335 pages
Book Rating : 4.6/5 (153 download)

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Book Synopsis Unsustainable by : James MacDougald

Download or read book Unsustainable written by James MacDougald and published by The Free Enterprise Nation. This book was released on 2010-06-14 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: UNSUSTAINABLE is packed with information that is vital to every taxpaying American. It reveals shocking information that has long been hidden from the public. It exposes how governments at every level hide the pay and exorbitant pensions they provide to themselves and use accounting trickery to keep taxpayers from knowing of the enormous costs and long-term liabilities. MacDougald shows how the federal government keeps $106 trillion of debt hidden from taxpayers, and how state and local governments hide another $3 trillion. He exposes exactly how governments often trick taxpayers into agreeing to pay more and more taxes to "save schools" or "provide police protection" when the money really goes to more pay and bigger pensions. UNSUSTAINABLE details how public sector unions have become a "money pump," taking taxpayer dollars paid to public sector workers, then given as union dues, and then used for political contributions to politicians who will support the extraction of even more taxpayer dollars. The provocative and controversial book also documents and exposes the huge financial catastrophe that is about to befall Social Security, "baby boomers" and our younger workers and how it will threaten our economy for decades. UNSUSTAINABLE addresses the "jobs squeeze," detailing how the private sector lost 1.5 million jobs in the last decade even as government grew by 2 million. And it reveals how Congress passes laws that they know violate our Constitutional rights and gets away with it. It is a book that all Americans, no matter what their politics, must read.

Return to Growth Volume One

Author : Jon Moynihan
Publisher : Biteback Publishing
ISBN 13 : 1785909428
Total Pages : 339 pages
Book Rating : 4.7/5 (859 download)

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Book Synopsis Return to Growth Volume One by : Jon Moynihan

Download or read book Return to Growth Volume One written by Jon Moynihan and published by Biteback Publishing. This book was released on 2024-09-10 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: The UK has, in recent years, been suffering from what is nothing short of an economic crisis. Growth has now completely stalled in those western democracies, the UK included, where high government spending and high taxes have steadily burgeoned, decade after decade. Free-market economies now threaten to leave us behind in terms of wealth, opportunity and standards of living. At the end of Rishi Sunak's 2024 government, expenditure was at 45 per cent of GDP and taxes were 36 per cent and rising – yet still nowhere near sufficient to cover public expenditure. The government's net annual borrowing is now a completely unsustainable 4.4 per cent of GDP, with our overall national debt growing rapidly and alarmingly. In this arresting and powerful manifesto for economic change, Jon Moynihan analyses the UK's decades-long stagnant economy and looks at what can be done to resuscitate it. Combining rigorous research with unparalleled business experience, he explores the key dynamics affecting economic growth, ranging from government borrowing, expenditure, tax and regulation to the way national resources are deployed on non-productive and futile, growth-stifling endeavours. Ultimately, Moynihan shows that unless we act now to reverse the decline, by radically restructuring our economy to stimulate economic growth, the UK risks stagnation, financial collapse and a long-term disintegration in our standard of living. Ignore his warning at your peril.

Pensions Under Attack

Author : Monica Townson
Publisher : James Lorimer & Company
ISBN 13 : 9781550286946
Total Pages : 294 pages
Book Rating : 4.2/5 (869 download)

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Book Synopsis Pensions Under Attack by : Monica Townson

Download or read book Pensions Under Attack written by Monica Townson and published by James Lorimer & Company. This book was released on 2001-02-07 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Canada's aging population has raised cries of alarm from some quarters. Critics warn of a demographic time bomb waiting to explode and an age war over pensions as the baby boom generation starts to retire in the next decade. They say the answer is to get rid of public pension programs like the Canada Pension Plan and force people to contribute to their own personal savings plans instead. Will this spell disaster for the elderly, or is it a bold new idea for coping with rising costs? Monica Townson, a prominent independent economist, discusses the forces behind the push to privatize public pensions and looks at the likely impact of privatization on the financial security of futre seniors. She describes how Chile, under the Pinochet dictatorship, replaced its public pension plan with a forced savings scheme and became the darling of right-wing governments around the world, and how Britain, under Margaret Thatcher, introduced opting out of public pensions and triggered a major scandal involving some of the big names in the insurance industry. As the debate about pivatization heats up the new millennium, Pensions Under Attack provides the information needed to question the hidded agenda behind the current push to privatize public pensions. It will be a timely contribution to a discussion whose outcome affects the personal financial security of every Canadian.

Stocks and Exchange

Author : Ladis Konecny
Publisher : BoD – Books on Demand
ISBN 13 : 3848220652
Total Pages : 310 pages
Book Rating : 4.8/5 (482 download)

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Book Synopsis Stocks and Exchange by : Ladis Konecny

Download or read book Stocks and Exchange written by Ladis Konecny and published by BoD – Books on Demand. This book was released on 2021-08-13 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book "Stocks and Exchange - the only Book you need" is intended for the general public from 11 to 85 years. Although the book is easily understandable, it describes in detail the parameters, which are ideal for safe and profitable investments in stocks or companies - whether short term or long term. When to sell or buy? This is technical and fundamental analysis at its finest. Which stocks can finance your pension with dividend payments? This book is the result of many years of practice and study of relevant literature. The book describes the strategies of the most famous investors and also my own experiences with stocks. Investment funds and pension insurance are discussed. The book contains a little information on business economics for investors and a lot of important information about the business on the stock exchange. The courses of three economic crises and crashes are investigated. The small lexicon explains 195 technical terms. There are some case studies about investors, companies and their stocks. Also described is the investment in gold, commodities and derivatives. Because the state expects ever more personal responsibility for your retirement arrangements, this book is also a very meaningful gift for your younger family members. Unfortunately there are only very few profound and above all honest books on shares thereby making this one all the more valuable.

Hard Budgets & Soft States

Author : John Eatwell
Publisher : Institute for Public Policy Research
ISBN 13 : 9781860301063
Total Pages : 196 pages
Book Rating : 4.3/5 (1 download)

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Book Synopsis Hard Budgets & Soft States by : John Eatwell

Download or read book Hard Budgets & Soft States written by John Eatwell and published by Institute for Public Policy Research. This book was released on 2000 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shows that the welfare state makes a fundamental contribution to economic efficiency and should be an important component of a policy for a successful transition.

How to Kill an Elephant

Author : Robert Pins
Publisher : AuthorHouse
ISBN 13 : 1546296549
Total Pages : 962 pages
Book Rating : 4.5/5 (462 download)

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Book Synopsis How to Kill an Elephant by : Robert Pins

Download or read book How to Kill an Elephant written by Robert Pins and published by AuthorHouse. This book was released on 2018-11-26 with total page 962 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global warming will either grab your interest or see you running in the opposite direction. But there is another way. It is a truth that is never realized, a truth that cannot surface once buried in the media and in politicians’ singlespeak, and a truth that is tantalizingly beyond your reach. How to Kill an Elephant exposes this truth for all to see, yet this is not a book about global warming; it is a book about human nature exposed for all its inadequacies. It starts with elephants, inexorably being driven to extinction by elephants of our own creation. Where does it finish? That’s for you to decide. Fancy a cane toad sandwich washed down with a cup of tea? Have you ever seen stalactites playing chess? You can expect a deadly serious read with a soupçon of levity and straightforward humour, because life really is too short not to indulge a little.

The End of Finance

Author : Jan Toporowski
Publisher : Routledge
ISBN 13 : 1134618271
Total Pages : 176 pages
Book Rating : 4.1/5 (346 download)

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Book Synopsis The End of Finance by : Jan Toporowski

Download or read book The End of Finance written by Jan Toporowski and published by Routledge. This book was released on 2002-03-11 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume develops an original critique of the belief that the present era of finance, where finance markets dominate contemporary capitalist economies, represents the best possible way of organising economic affairs. In fact, it is argued, the ensuing economic instability and inefficiency create the preconditions for the end of the dominance of finance. The End of Finance develops a theory of capital market inflation rooted in the work of Veblen, Kalecki, Keynes and Minsky, demonstrating how it disinclines productive activity on the part of firms, provides only short-term conditions that are propitious for privatisation and distorts monetary policy in the long-term. The author examines the role of pension fund schemes and financial derivatives in transmitting capital market inflation and provides a nuanced analysis of the contradictory role they play in the financial system. Capital market inflation is also examined in its historical context and compared with past inflations, in particular the South Sea and Mississippi Bubbles, which spawned the first financial derivatives, and the first privatisations. This broad historical vision allows us to see these forms of inflation as temporary and provisional in character.

Pension Reform and Economic Theory

Author : Sergio Cesaratto
Publisher : Edward Elgar Publishing
ISBN 13 : 1781007454
Total Pages : 378 pages
Book Rating : 4.7/5 (81 download)

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Book Synopsis Pension Reform and Economic Theory by : Sergio Cesaratto

Download or read book Pension Reform and Economic Theory written by Sergio Cesaratto and published by Edward Elgar Publishing. This book was released on 2014-05-14 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Academics and practitioners interested in the pension debate, welfare state, income distribution and institutions will find Pension Reform and Economic Theory of great interest, as will demographers, political scientists and mainstream economists open to dissenting views in economic analysis and interested in understanding the economic foundations of pension reform proposals."--BOOK JACKET.

Striving for Better Jobs

Author : Roberta Gatti
Publisher : World Bank Publications
ISBN 13 : 082139536X
Total Pages : 355 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Striving for Better Jobs by : Roberta Gatti

Download or read book Striving for Better Jobs written by Roberta Gatti and published by World Bank Publications. This book was released on 2014-09-12 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: While economic growth has been sustained for a number of years in many countries in the Middle East and North Africa (MENA) region, this has not resulted in the creation of an adequate number of jobs and has succeeded, at best, in generating low-quality, informal jobs. While there is a great deal of heterogeneity across countries, informality in MENA is widespread, and some countries in the region are amongst the most informal economies in the world. The book looks at informality through a human development angle and focuses specifically on informal employment. In line with this approach, the working definition for informality adopted in the book is “lack of social security coverage” (usually understood as pensions, or if a pension system does not exist, as health insurance), which captures well the vulnerability associated with informal employment. Informal workers in MENA are generally engaged in low productivity jobs - more so than in comparator countries -, are paid less for otherwise similar work in the formal sector, and self-report low levels of satisfaction at work. Also, informal workers in MENA face important mobility barriers into formal employment and thus lack of social security coverage against health, unemployment, and old-age risks. Formal employment in the MENA region is strongly associated with public sector employment. Opportunities for formal employment in the private sector in the region remain very limited. The book identifies 5 strategic directions to promote long-term inclusive growth and formality, namely: (i) fostering competition; (ii) realigning incentives in the public sector; (iii) moving towards labor regulations that promote labor mobility and provide support to workers in periods of transition; (iv) enhancing the productivity of informal workers through training and skills upgrading; and (v) reforming existing social insurance systems and introduce new instruments for coverage extension. This book is addressed to policy makers, academics, and practitioners who wish to understand the phenomenon of informal employment, and policy options for promoting more inclusive and productive labor market opportunities.