now they are underfunded. and companies continue to lobby for the ability to take more money out of the plan for these various purposes. usually explained that it is good for retirement security that they have this flexibility. but it continues to have an effect on retirees and employees. to continue to protect their ability to take these assets out, companies have been very aggressive in the court system with finding ways to fight the retirees but try to fight back. so you've seen many cases end up in the court, both over pension cuts which have been challenged by many retirees, and retiree health care cuts. companies have been extraordinarily aggressive with techniques such as suing retirees, especially if the arguing in retirees because they have a contract him and if you have a contract it's a little tougher for the company to just say we're going to discontinue your coverage. so what they have done is they will sue a retiree, get them into court before a judge that has had some rulings in the past, and tr

in particular, underfunding 15, the civil grand jury found there would not be enough light rail vehicles for rollout of the central subway in 2019. as background, in preparing this report, we interviewed mta officials and talk about the problems that plagued the rollout of the t-three service. one of the problems they had was a shortage of available vehicles to meet peak demand. our research for this report leads us to believe the same problem will occur with the central subway. mta disagree with this finding and referred in their response to a document that they claim shows this will not be the case. it was a document that they have transmitted to us on the jury. however, the documents they referenced only state the number of vehicles required solely for operation of the central subway. their response does not address whether there will be, in fact, enough light rail vehicles available for the j, k, l, m, n, and shuttle lines. we have a chart at the bottom from the mta. it was an appendix to a large group of documents we were given. it looks like a total fleet side demand and procuremen

according to the social security foundation i k a we're very close spyro coos the persians are not underfunded the great banks are overfunded ok drew needs to be showered in a mountain moussaka. he needs to be buried a lot of moussaka that i can make him more appealing than he normally well definitely tastier well the other thing i thought of this of course is that you're going to have these your savings disappear for example and i'll say oh we illegally paid you your pension or you illegally collected your pension and it will be up to you to go up against the behemoth of the state to prove that actually you were code this pension that they said you collected illegally and that reminds me in america all of these foreclosures that happened over the past few years where there was no paperwork no titles all sorts of illegal activity for which the banks have paid nothing but us some small fines here's the headline max disgusting fraud closure for mocks their victims out how we party so this was on friday of last week and it was the law firm of steven j. bound who are known as a foreclosure mill an

this might seem surprising now, with all the talk about underfunded pensions, but at the time in the late 90s there was a quarter of a trillion dollars surplus assets in pension plans. that's $250 billion. from the company's point of view the problem was that it was just a shame, shame that this money was locked up, company couldn't use it for something. a law had been enacted back in 1974 that said you have to find your pension plans and you have to keep your hands off the money. congress enacted this law because through the '60s and '50s that the many abuses. there were famous debacles like studebaker which went bankrupt and people lost a lot of their pension. congress put this law in place that said if you offer pensions, which, of course, is voluntary, you have to fund it, keep your hands off, let it grow. this law work so well that by the 1980s there were huge surpluses in many lands. companies like ge, which to this day has never put a cent more into its pension plan, not since the 1980s. you had this growing amount of surplus, and then along came a bunch of pension raters, fam

what they said was the state was aware of the underfunding of pensions but due to a lack of procedures, the state made material misrepresentations. the sec, for the first time saying, the failure to have written controls, the failure to have training, was actually the cause of misleading disclosure. the sec, as we discussed, does not have direct jurisdiction over issuers. they are seeking it. they are using enforcement actions to make the strongest statement they care about what they think should be imposed upon you. once again, britain controls and disclosure training. -- written controls and disclosure training. why you want to do both of these written controls and disclosure training? within the rigid controls and training, there is a greater likelihood that there will not be an omission when they come to market. the other key fact is, even if one were to occur, the sec cannot bring a case unless, at a minimum, there is negligence and possibly recklessness of intent. what we are trying to establish by adopting britain controls is to establish a defense that says, even were there to

the big pension liabilities that were growing because of benefits and underfunding and so on. and really inadequate disclosure. so this went on for a couple of years without anyone fixing it. it went through the rating agencies and in continuing disclosure filings, so it permeated everything they did. it certainly appeared to be a pattern. the fcc concluded again that that recklessness standard has been met, that the evidence showed that they had knowledge of the material information and folks acted recklessly about not getting it in. so at least there is some consistency. more on the legal standard -- i think we have gone over that period yes, i think i went over that also. there were a variety of actions. many of these and up in settlements, if not almost all of them. there was an initial settlement that included the city itself. there was a subsequent settlement where actual officials were found liable and had to pay monetary damages. i think $25,000. so that was kind of a first. it was the first time that officials had financial penalties. i think what we start to get out

ç desperately underfunded.iduals, folks who want to come in, help divide trips to college campuses or pay for that arts teacher that got cut out, i support that. you need to hold them accountable and make sure they yor motives. if families want to help out, companies want to help out. we all need to unite behind our schools. >> ten years from now, yourj$yi. everything you want to put in place is put into place. what does the average urban school look like. >> we're all motivated by one goal. president obama's challenged us, we have to lead the world in college graduation again. one generation ago we did. rd-i want is for every single young person not to just graduate from high school, that's a stating point, not an ending point. graduate from high school. if we can lead the world in college graduation, we're going to have strong communities, communities and have a stronong country. >> thank you for spending time with us. >> we'll be right back. >>> both barack obama and arne duncan say education is a civil for

i think scott said a good thing when he said that it is a woefully underfunded the department, and some of the people behind me may not like this, maybe all of them, but i find that to laundered $50 for a license, i am very skeptical that that is going to come anywhere near the cost of the administration of just the paperwork and then all of the other qualifications that go on and then the enforcement, and i think that you have to look at your business plan, at your revenue margins and at your own financial management and see where you can make some better choices, when we are looking at some of these. 23 dogs, that is over $90,000 a year, so i think there is room for there to be a higher license fee. government entities, when they are looking for bids from vendors, they have a very long bidding process. i know this because i used to work at staffing, and whether it was at sf general or the va, these were open for a long time, but there are only three vendors. you are we going to use? what is going to be that standard for the education, and then looking at the three-year grandfather cla

also the most underfunded. this young guy has a few other unique characteristics. >> ryan lost his hair in high school due to a condition sparked by stress. but he graduated from high school only seven years ago and now at 25 is the youngest person ever elected to the fairfax county school board. >> i came into the race as the underrerrest of underdogs. the least amount of money and endorsements. >> reporter: he believes vote, like his pitch but most of all he credits support from the democratic party. >> what yesterday showed is voters appreciate the fact that democrats have been good stewards of our education in fair fairfax county. the bulk of voters rejected the idea. all four of the incumbents won. george mason public policy professor saying he is not surprised. >> the g.o.p. message followed by a number of the candidates running for the school board position that we are doing enough for the public schools we don't need to fund more didn't resonate with the people in fairfax county that say we can do a lot

they're understaffed underfunded and they have too many patients to didn't have private physicians and with four or five hundred patients in an emergency room it's very difficult to treat us those into the hospital through medical center is in critical condition and the candor was in the bottom two and a half percent of all hospitals in the state of california health officials a patient there had been put in quote and media jeopardy patients in martin luther king medical center to get ready for fewer services and a new way we cannot assure that patients would be safe or that fundamental hospital standards can be met the proposed closure of the trauma center will have an impact the l.a. county fire department i'm begging of you don't ignore this. don't marginalize this . warrant i'm thomas and. my. psychiatrist. used to be a very simple system that we have to every patients the closest facility but you close ten hospitals with eight beds that i'm each as eighty patients out of our system in the city she didn't look well it's in the sat scores we close our doors here and you are close to

the state's mayors and council members the increase is necessary to help to replenish the state's underfunded transportation trust. o'malley's plan would raise the gasoline tax from 23.5 cents to 30.5 cents over the next three years. >>> dreaming of striking it rich? of course you are. now may be your chance. tonight's powerball jackpot is up to an estimated $245 million. it is the largest jackpot since june of last year. it has people lining up for tickets. lottery officials in virginia say they expect to sell close to 1,200 tickets a minute during peak times today. that's a lot of tickets, joe. >> it is a lot of tickets. it's a lot of money that you and i will never get. >> you know what, you've got to play to win. >> there's only one thing certain. >> what's that? >> if you buy a ticket -- >> you won't win? >> you won't win. >> you know what, i'll buy them anyway. only when the jackpot gets big, you buy a couple. for fun, though. not with any expectation. >> you want the results. you buy them because you want money. >> i know people who have spent hundreds and hundreds of dollars on lotter

right now animal care and control is a woefully underfunded agency, particularly given what animals mean to this city. it doesn't have enough enforcement staff and i've committed to working with the agency, with the mayor's budget office. already been in touch with the city administrator and the budget office about next weir's budget and the need to help animal care and control to be able to administer this program but also its other responsibilities. one of the reasons we put "the apprentice"ship alternative in is so people have maximum experience that they need. the effective date is currently april 1, 2012. i am inclined to extend that date because i want to make sure that animal care an control has all the time it needs to set the program up. that we have all the time we need in this legislative process to make sure we get it right and to make sure the dog walkers are able to adjust to a new ordinance. in terms of vehicle safety, there's a provision for safe transport of animals. some have concluded that that means that we're going to require all dog walkers to have big advance, so t

stories of stock and over to see were in government of the dead my friend by the arab league to underfund and six times better than assad as defiant in the face of growing international pressure. until months of antique and print process in america three thousand strong emotions over the last hundreds of arrests around the heavy heart that makes us. special forces out. we're right at the eight hundred foot elevation level right here and a lot of the mine just dirt are coming up right at a hundred foot. i. mean you can tell that when the red water mixes with the clear water that's the difference. although this looks clear it's still got a lot of metals in the because it's just charging out of the. sides of the mine because the minerals women are submerged beneath the water and it's isolated from oxygen oxygen to. their back when they're first growing up there was a lot of options available in the mines. and that was causing oxidation of the mantle which incur creates a screw so for most of your castle you have torque cream which starts up in kansas runs through the mining belt becomes cont