The San Diego County Taxpayers Association (SDCTA) today released a study that finds contributions to the public retirement system for California’s teachers are continuing to fall short of mandated obligations – by hundreds of millions of dollars – despite a decade of warnings. The California State Teachers Retirement System (CalSTRS) is the 100-year-old Defined Benefit… Keep reading →
Economic News/Analysis
New SDCTA Analysis Finds Local School Districts Drastically Underfunding Pension Costs
By businesswireIRI MarketPulse Survey Uncovers Impact of Government Shutdown and Debt Ceiling Crisis on Consumers
By businesswireAccording to Information Resources Inc. (IRI)’s Q3 2013 MarketPulse™ survey results released today, 85 percent of American consumers were aware of the looming debt ceiling crisis and of the government shutdown, which is clearly impacting their views of their personal finances, including their approach to grocery shopping. The survey was fielded to consumers between Sept…. Keep reading →
Historically Low Health Care Price Inflation Holds Health Spending Growth to 3.8% in August
By businesswireNational health care prices in August 2013 were 1.0% higher than in August 2012, down one-tenth from the July 2013 level and equal to the May 2013 rate, which was the all-time low in our series that extends back to January 1990. The 12-month moving average, at 1.5%, is a new low for our data…. Keep reading →
Study Says Retailers Have Shared Debit Swipe Fee Savings But Consumers Could Save More if Fed Set Cap Lower
By businesswireThe National Retail Federation welcomed a new study released today that shows retailers have passed along the majority of the savings from debit card swipe fee reform to their customers, and that the resulting increase in consumer spending has boosted job creation across the country. But the study also shows that benefits for consumers and… Keep reading →
JPMorgan Chase reaches settlements with SEC, FCA, OCC and Federal Reserve on CIO trading matter
By businesswireJPMorgan Chase & Co. today announced that it has entered into settlements with the Securities and Exchange Commission, the U.K. Financial Conduct Authority, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency regarding the firm’s Chief Investment Office trading incident and its aftermath. Total penalties in… Keep reading →