Pension fund gap signals looming multiemployer pension crisis
The PBGC reports the multiemployer fund is $58.8 billion short of cash to cover benefits, with about $2 billion in assets and a projected runout by 2025. Congress faces pressure to raise premiums, amid Treasury's rejection of benefit cuts for Central States Pension Fund. Up to 1.5 million of 10 million covered plan participants face potential shortfalls in coming decades.
MENTIONED IN THIS ARTICLE
Pension Benefit Guaranty Corp
Congress
PBGC
Tom Reeder
Treasury Department
Central States Pension Fund
Treasury
Canceled oil leases over Blackfeet sacred Badger Two Medicine
United States officials canceled 15 oil and gas leases covering nearly 23 000 acres near Glacier National Park amid tribal concerns over sacred Badger Two Medicine lands. Interior Secretary Sally Jewell said leases should not have been issued without tribal input. Blackfeet leaders urged better consultation as protests over other pipeline conflicts underscored tensions between government actions and Native communities.
MENTIONED IN THIS ARTICLE
Washington, D.C
Associated Press
North Dakota
Standing Rock Sioux Reservation
Obama
Jewell
Blackfeet
Harry Barnes
Barnes
Devon Energy
Vast West Texas shale field could yield 20 billion barrels oil
The Wolfcamp Shale in Midland is estimated to hold about 20 billion barrels of oil, 16 trillion cubic feet of natural gas, and 1.6 billion barrels of natural gas liquids. The find would greatly surpass Bakken shale oil, signaling a potential new Permian Basin-scale production surge.
MENTIONED IN THIS ARTICLE
Dallas
West
Texas
U.S. Geological Survey
Wolfcamp
Midland
Bakken
Three Forks
Dakotas
Montana
Chris Schenk
West Texas
New Mexico
U.S
Ken Medlock
Rice University
Houston
Markets end mixed as banks retreat while tech climbs
U.S. stocks finish barely lower after a weeklong bank rally fades, tech gains lift Nvidia Apple and Microsoft while the dollar tests new highs. Dow falls 54.92 to 18868.14 and S&P 500 slips 3.45. Nasdaq up 18.96. Fiat Chrysler software recall affects 29,000 vehicles. 266 crashes, 68 injuries, from earlier probe.
MENTIONED IN THIS ARTICLE
New York
U.S
Nvidia
Apple
Microsoft
Trump
Senate
Scott Wren
Wells Fargo Investment Institute
Wren
Standard & Poor
Detroit
Fiat Chrysler
Jeep
Dow Industrials
Dow Transportation
Dow Utilities
NYSE
S&p
Wilshire
Russell
Halas
AMD
SinoGlobs
Endologix
Apple Inc
DianaCa H
Voltari
ExactScid
Ekodk Wta
RiteAid
Facebook
Haynesint
Yid_PE
AK Steel
Marathno
At&t Inc
Amber
MorgStan
Apple Ine NiSources
BkofAm
Nordson
Bipvxst Rs
Barrick
Northrop
Bob Evans
Cedarf
PDL Bio
Cemex
PNC
ParkerHan
CntryLink
ChesEng Penney Petrobras
Cisco
Citigroup
Pfizer
Csvellvst
PealyOne
Icsvlgcrd Rs
Pavixst Rs
Darden
ProdGam
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Diebold
CineEquity
FirstEngy
Fordm
Smucker
Frptmcm Sprint FrontierCm
SP Engy
GenElec
SPDR
Groupan
SP Util
HomeDp
Target
Honvwllind
TevaPhrm
HuntBnesh
Icici Bk AG
Vala SA
iShBrazil
iShChina LC
Vanegold
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Vanegrold
Is Eate
VangEmg
Ishr2k
VerizonCm
Intel
Hd WalMart
Invacare
Weathfintl
Itauunibh
WellsFargo Jpmorgch
Wendys Co
Keycorp
Windstars
Lowes
Mutuac
Syear
AmBalA_m
Capiicbua m
Cawidgrla m
FninvAm
GrthAmAm
IncAmerAm
AIA
InvCoAmAm
NewPerson m
Wamutinyamm
Dodge & Cox Income
Dodge & Cox IntiStk
Dodge & Cox Stock
Fidelity Socldxpr
Fidelity Contra
Fidelity
Frank Temp-Franklin Income Am
Harbor Intrnstl
West
PIMCO
Rowe Price
Rowe Price New Income
Vanguard Socadm
Vanguard Diver
Vanguard HitCrAdml
Vanguard Institx
Vanguard InstPlus
Vanguard Insttsip
Vanguard
Vanguard PriepAdml
Vanguard Stgradeact
Vanguard TotRe2025 31,387 16.47 0.2 4.9/3 +8.6/B. NL 4,000 Vanguard TotBdAdml
Vanguard TotBdinst
Vanguard Tatint
Vanguard TotStiAdm
WellsAdm
Vanguard WellinAdm
Vanguard WadinAdm
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Pension Fund
Glacier National Park
Matthew Brown
Fix
Nate
Amherst
Cooper Foster Park
the Market IN Review
Anp
Naspaq
Iris
Lt Sweet
NYMX
CME
New York Mercantile Exchange
Chicago Board of Trade
Chicago Mercantile Ice Pan
ICE
Intercontinental Exchange
Ovidenas
Aotta
Valle
The
Ual Fund Foodr
Falas
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