Detroit Judge Rules Bankruptcy Can Cut Pensions
Federal Judge Steven Rhodes ruled Detroit can use Chapter 9 bankruptcy to reduce employee pensions and shed debt, marking a historic decision that pensions can be altered like contracts. He urged a measured approach while warning officials to defend deep reductions as the city faces 18 billion dollars in debt and 23,000 retirees and 9,000 workers affected.
MENTIONED IN THIS ARTICLE
Detroit
Steven Rhodes
Michigan
Rhodes
U.S
Orr
Supreme Court Nominees Weigh Limits of Frequent Flyer Claims
The Supreme Court signaled it will not broadly aid frequent fliers seeking to sue over airline mile or membership terminations. Minnesota rabbi S Binyamin Ginsberg, cut off from Northwest WorldPerks after alleged excessive complaints, argues the deregulation era blocks such suits, while Northwest cites rule-outs for state differences and price competition concerns.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Minnesota
Northwest
S. Binyamin Ginsberg
Delta Air Lines Inc
Ginsberg
Stephen Breyer
Breyer
U.S
Delta
Watchdog warns ACA subsidies may be ripe for fraud
Treasury watchdog warns that IRS fraud detection may fail to identify Affordable Care Act tax credit fraud before refunds are issued. The concerns come as health care subsidies for low and middle income buyers through state exchanges face rollout glitches and political pressure on the White House and Congress.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Barack Obama
White House
Congress
Internal Revenue Service
IRS
J. Russell George
Treasury Inspector General For Tax Administration
Union: N Y engineer nodding before fatal rail wreck
Yonkers New York union officials say engineer William Rockefeller nodded at the controls as a speeding commuter train derailed on a curve in the Bronx killing four. Federal investigators confirm talks with Rockefeller and police notes say his mind wandered and he was in a daze before the Sunday wreck.
MENTIONED IN THIS ARTICLE
Yonkers
N.Y
William Rockefeller
Anthony Battalico
Rail Employees Union
Rockefeller
Bronx
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Detron
Fata
Carlos Osorio
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Game Day Companion
Stad Om
iPhone
Gia
California
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DOLE
NTI UL RY UN
MAYER
UU Ees
TS Moata
Bras Tt Ca
Paul Piazza
Checkersfoods.com
CheckersFoods
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