Leo Kolivakis's blog

Michael Hudson: "Europe is committing fiscal suicide – and will have little trouble finding allies at this weekend’s G-20 meetings in Toronto."

Parliamentary pensions, a lavish Bastille Day garden party and ministers’ Cuban cigars are to be sacrificed in the name of economic recovery as the French government seeks to show that ministers are sharing the pain of their austerity drive.

The difference — three or four percentage points — translates into hundreds of billions of dollars when applied to pension obligations.

For the past 15 months, Michael Sabia, chief executive of Caisse de depot et placement du Quebec, has had his hands full cleaning up the mess left by his predecessor Henri-Paul Rousseau. Not only was there a tarnished image to fix, but Mr. Sabia's been busy cleaning up its balance sheet following the nearly $40-billion loss the Caisse suffered in 2008.

Politicians at the G20 be warned: hell hath no fury like a pensioner scorned.

Chasing bigger investment returns, the agency that manages Florida's $113.8 billion public pension fund wants to make far riskier investment bets.

Michael Hudson analyzes the new financial class war...devastatingly brilliant.

Calpers is ramping up its infrastructure investments, buying a stake in London's Gatwick Airport...

Sounds like Ucits will be the next big hedge fund flop...

Raising the retirement age from 60 to 62 isn't exactly what I consider major reform. But this is France, and you know what they say, Vive la Différence!

Board members of California's largest public pension fund said Tuesday they are likely to take more money from the state general fund to pay employee pension benefits, a proposal that has led to criticism at a time when the state faces a $19 billion deficit.

Whoah! Mercer's little Alaska problem is going to end up costing them $500 million!

Canada is moving in the right direction on pensions. Expanding the Canada Pension Plan is definitely a step in the right direction.

The euro will be able to weather the sovereign debt crisis, the Chinese national pension fund chief said on Thursday, helping spark a sharp rebound in the European currency. The Chinese pension fund was looking to pour more money into foreign stocks and bonds as well as overseas private equity funds and unlisted firms. Get ready, another bubble is headed our way.

While fundamentals are improving, serious long-term structural issues remain. Nowhere is income inequality growing more rapidly than among the elderly. Third World America has arrived. And unfortunately, it's not only an American problem.