Puerto Rico debt rescue plan engulfed in Great Recession 'bailout' politics
House members left Washington Friday for a week-long recess without taking action on a fiscal rescue for Puerto Rico, days before the territory’s development bank is set to default on a payment to bondholders and deepen the economic crisis there. The Government Development Bank has said it would default on nearly $390 million due May 1, a move that could unleash a cascade of problems throughout the Puerto Rican financial system. The GDB, which acts as bank, adviser and fiscal agent to the Puer..>> view originalChobani's CEO is giving up to 10 percent of his company to employees
Greek yogurt is known for being rich in flavor and protein. Now, some employees at Chobani could become rich themselves. On Tuesday, founder and CEO Hamdi Ulukaya announced that he would be giving all of his 2,000 full-time workers awards that could be worth up to 10 percent of the privately held company’s future value if it becomes public or is sold. Each employee will be given “Chobani Shares” or award units, based on workers’ tenure and role at the company, which could convert to cash or s..>> view originalBuffett says Berkshire 'fine' with Trump or Clinton
OMAHA, Neb. Warren Buffett said on Saturday that Berkshire Hathaway Inc is poised to do well no matter who wins the White House in November, and the billionaire investor defended the performance and tactics of the conglomerate's several large investments.Buffett presided over his 51st Berkshire annual meeting in Omaha, Nebraska, where he and Vice Chairman Charlie Munger fielded five hours of questions on such matters as Coca-Cola's sugary drinks, lower shipping volumes on the BNSF railroad, ri..>> view originalTarget's Perception Takes A Hit After Transgender Bathroom Statement
Is this the best way to fix Social Security?
KVUE 5:32 AM. CDT April 30, 2016 There's no denying it — Social Security is unsustainable in its current form and will need to be fixed. According to the latest Social Security Trustees' Report, the program's trust funds will be completely depleted by 2034 based on the projected rate of money flowing in and out. Fortunately, there are several ways we can fix Social Security, and some of these solutions are rather popular among the American public.The most popular way to fix Social Security..>> view original
Sunday, May 1, 2016
Puerto Rico debt rescue plan engulfed in Great Recession 'bailout' politics and other top stories.
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