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Financial Times (June 10)

2021/ 06/ 11 by jd in Global News

“The depth of collusion between Toshiba, the Japanese government and the former investment head of the world’s biggest pension fund to influence board nominations last year has been laid bare by an independent probe” and “represented an attempt to unfairly restrict the exercise of shareholder rights.”

 

South China Morning Post (May 21)

2018/ 05/ 23 by jd in Global News

“The direction is clear, and the pace is picking up. For investors around the world, the biggest mistake would be to ignore China’s markets and their enormous potential now.” As China’s capital markets continue opening up, “investors—be they European hedge funds, pension funds in Australia, sovereign wealth funds from Asia, or ordinary savers around the world—will need to look at what might be a once-in-a-generation opportunity.” The June 1 inclusion of 200 of the mainland’s large-cap companies into the MSCI alone might “prompt well over half a trillion US dollars to pour into Chinese stocks in the next five to 10 years, as institutional investors adjust index-linked portfolios to MSCI’s change.”

 

Wall Street Journal (April 7)

2016/ 04/ 09 by jd in Global News

“Compensation for the chief executives of the biggest U.S. companies fell more sharply last year than any year since the financial crisis, as weaker corporate performance slowed cash bonuses and accounting rules pared back pension growth.” CEO pay at the largest companies dropped by “3.8% to $10.8 million last year from $11.2 million in 2014.”

 

Institutional Investor (July 20)

2015/ 07/ 21 by jd in Global News

With social security on track to run dry in the U.S. by 2033, members of Generation X (born from 1965-1981) are taking an overwhelmingly self-reliant view toward retirement: 65% don’t expect any inheritance, pension or social security payments. “Gen Xers’ woes are increasingly shared by Millennials as they age. Like Millennials, Gen Xers tended to marry later and delay having children. Perhaps Gen Xers’ experiences with retirement planning—dominated by the sense that it is an insurmountable task—will serve as a proxy for how the younger and larger Millennial generation will fare.”

 

The Economist (September 6)

2012/ 09/ 08 by jd in Global News

“The world’s most vibrant economies are shifting gear, away from simply building wealth towards building a welfare state.” Indonesia will become the world’s largest single-payer national health insurance program in 2014 when it provides universal health insurance. China has brought “pension coverage to an additional 240m rural folk, far more than the total number of people covered by Social Security, America’s public-pension system.” And in India pension coverage and a guaranteed work scheme have been extended. “The speed and scale of this shift are mind-boggling.”

 

Wall Street Journal (January 20, 2012)

2012/ 01/ 22 by jd in Global News

“Run up spending and debt, raise taxes in the naming of balancing the budget, but then watch as deficits rise and your credit-rating falls anyway.” The Journal describes not a European country, but the State of Illinois, which was just downgraded by Moody’s to A2, the worst rating of all 50 states. Among other problems, Illinois “has $6.8 billion in unpaid bills and unaddressed obligations” and a pension fund which covers less than half of its projected liabilities.

“Run up spending and debt, raise taxes in the naming of balancing the budget, but then watch as deficits rise and your credit-rating falls anyway.” The Journal describes not a European country, but the State of Illinois, which was just downgraded by Moody’s to A2, the worst rating of all 50 states. Among other problems, Illinois “has $6.8 billion in unpaid bills and unaddressed obligations” and a pension fund which covers less than half of its projected liabilities.

 

[archive]