The Broad Perspective

Pensions: You will be made to care!

December 8, 2016

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This Friday on The Broad Perspective join host, Vivian
Komori, Greg Barnes and Laura Feliz as they discuss:
PENSIONS     (CA SB1234) 
"You Will be Made to Care"  
Calpers is the largest pension fund in the US and it is now
underfunded by $991 billion dollars.  In an effort to bolster the
dying fund,  in October, Gov. Jerry Brown signed in to law  a
provision that will  add much needed monies.  In passing CA
Senate Bill 1234  the  Californian workers will see a 3% tax
on their paycheck which is planned to go up incrementally in
the ensuing years.  
Even though the unemployment rate seems to be better the
Labor participation rate doesn't support that number.    The
estimates from the Labor Participation information states that
1/3 of the US population is out of work.  
How is any of this related to the Federal Reserve?  
What is it's relationship to the bond market?
What will be the effects of real estate?
Finance
The War on Fake News