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Act Two. Righting historical wrongs. Honoring long-standing commitments through decisive leadership: - The Federal Government's historic ₦758 billion pension intervention, which cleared outstanding pension obligations dating back to 2007, benefiting over 957,000 retirees and restoring confidence in the pension system. - Accrued pension rights moved from 21 months in... show more

Daddy D.O🇳🇬

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19,713 просмотров • 2 месяцев назад •via X (Twitter)

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Omolola Oloworaran, Director-General of the National Pension Commission (PenCom), highlighted major pension reforms and achievements, including: ₦758 billion intervention bond that cleared pension obligations accumulated over two decades. Landmark pension increase for retirees under the Contributory Pension Scheme (CPS). First review of NSITF pensions in 21 years, with some pensioners receiving increases of over 1,000%. Introduction of a new end-of-service benefit scheme for retiring employees of Treasury-funded MDAs. Launch of the Minimum Pension Guarantee to strengthen retirement income security. Introduction of the PenCare Health Initiative, expected to commence within the next three months, to provide healthcare support for retirees alongside their pensions.

Omolola Oloworaran, Director-General of the National Pension Commission (PenCom), highlighted major pension reforms and achievements, including: ₦758 billion intervention bond that cleared pension obligations accumulated over two decades. Landmark pension increase for retirees under the Contributory Pension Scheme (CPS). First review of NSITF pensions in 21 years, with some pensioners receiving increases of over 1,000%. Introduction of a new end-of-service benefit scheme for retiring employees of Treasury-funded MDAs. Launch of the Minimum Pension Guarantee to strengthen retirement income security. Introduction of the PenCare Health Initiative, expected to commence within the next three months, to provide healthcare support for retirees alongside their pensions.

Daddy D.O🇳🇬

17,614 просмотров • 2 месяцев назад

Additional milestones highlighted include: - The first NSITF pension review in 21 years, increasing some monthly pensions from ₦18,000 to ₦206,000—an increase of over 1,000%, with all arrears fully paid. - Three pension increases within 24 months, including the 22% Pension Boost, the ₦32,000 monthly consequential adjustment, and over 20% additional increases in monthly pensions and lump-sum payments following the clearance of outstanding pension obligations. - Retirement benefit approvals now completed within 48 hours, significantly improving service delivery for retirees. - Pension compliance has risen by 28% in just two years, driven by stronger enforcement, mandatory pension clearance across the pension ecosystem, collaboration with the EFCC and ICPC, and plans for a Presidential Executive Order to further strengthen compliance.

Additional milestones highlighted include: - The first NSITF pension review in 21 years, increasing some monthly pensions from ₦18,000 to ₦206,000—an increase of over 1,000%, with all arrears fully paid. - Three pension increases within 24 months, including the 22% Pension Boost, the ₦32,000 monthly consequential adjustment, and over 20% additional increases in monthly pensions and lump-sum payments following the clearance of outstanding pension obligations. - Retirement benefit approvals now completed within 48 hours, significantly improving service delivery for retirees. - Pension compliance has risen by 28% in just two years, driven by stronger enforcement, mandatory pension clearance across the pension ecosystem, collaboration with the EFCC and ICPC, and plans for a Presidential Executive Order to further strengthen compliance.

Daddy D.O🇳🇬

43,207 просмотров • 2 месяцев назад

It seems Amaany doesn’t fully understand how pensions work. Mohamed Nasheed didn’t introduce 5,000 MVR old age benefit as a permanent allowance for all Maldivians. Before his time, there was no contributory retirement pension system. So, he introduced one (7% employee, 7% employer), along with the 5,000 MVR benefit as an immediate measure to support those who weren’t receiving any retirement pension. Cause back then only gov employees were getting it. The idea is that everyone should contribute to their retirement pension fund while they are working. The full benefits of this system will be felt in about 50 years, when most people will receive a pension from their own savings. Only a small percentage of people, those who are not part of the retirement pension, will continue receiving the 5,000 MVR from the gov. In 50 years, parents won’t have to depend on the gov or their children for financial support in old age. They will be funding their own retirement through the pension system. So, the 5,000 MVR old age benefit is not a permanent allowance for everyone. It was designed to help those who wouldn’t otherwise have a pension and over time, fewer people will rely on it. This is a sustainable system. Cause people fund their own retirement from own savings.

It seems Amaany doesn’t fully understand how pensions work. Mohamed Nasheed didn’t introduce 5,000 MVR old age benefit as a permanent allowance for all Maldivians. Before his time, there was no contributory retirement pension system. So, he introduced one (7% employee, 7% employer), along with the 5,000 MVR benefit as an immediate measure to support those who weren’t receiving any retirement pension. Cause back then only gov employees were getting it. The idea is that everyone should contribute to their retirement pension fund while they are working. The full benefits of this system will be felt in about 50 years, when most people will receive a pension from their own savings. Only a small percentage of people, those who are not part of the retirement pension, will continue receiving the 5,000 MVR from the gov. In 50 years, parents won’t have to depend on the gov or their children for financial support in old age. They will be funding their own retirement through the pension system. So, the 5,000 MVR old age benefit is not a permanent allowance for everyone. It was designed to help those who wouldn’t otherwise have a pension and over time, fewer people will rely on it. This is a sustainable system. Cause people fund their own retirement from own savings.

Hassan Kurusee

55,551 просмотров • 1 год назад

A powerful statement is being made by retired police officers marching to Aso Rock Villa. Yet the contrast could not be clearer. Bola Ahmed Tinubu Bola Ahmed Tinubu as a former governor of Lagos State, enjoys one of the most generous retirement benefit structures anywhere in the world, benefits that continue even while he serves as President. Beyond that, he is widely known to retain deep economic interests and influence tied to Lagos. Meanwhile, those who spent their lives in service within the police force are subjected to the harsh and degrading realities of the Contributory Pension Scheme (CPS), a system that has left many retirees in hardship and uncertainty. If there is any sincerity in leadership, the next decisive step is obvious: remove police pensioners from the slavish CPS and restore dignity to those who risked everything in service to the country.

A powerful statement is being made by retired police officers marching to Aso Rock Villa. Yet the contrast could not be clearer. Bola Ahmed Tinubu Bola Ahmed Tinubu as a former governor of Lagos State, enjoys one of the most generous retirement benefit structures anywhere in the world, benefits that continue even while he serves as President. Beyond that, he is widely known to retain deep economic interests and influence tied to Lagos. Meanwhile, those who spent their lives in service within the police force are subjected to the harsh and degrading realities of the Contributory Pension Scheme (CPS), a system that has left many retirees in hardship and uncertainty. If there is any sincerity in leadership, the next decisive step is obvious: remove police pensioners from the slavish CPS and restore dignity to those who risked everything in service to the country.

Omoyele Sowore

44,093 просмотров • 5 месяцев назад

This conversation has generated a fair bit of conversation so I think it’s worth elaborating on. There is a common misconception that superannuation is decreasing the number of retirees on the pension. As per ASFA figures attached in comments - the median balance for men and women aged 60-64 is $220k and $164k respectively. That is nowhere near enough to get off the full pension which starts to reduce when a home owning single person has assets of $321k. The pension cuts out entirely if a home owning single person has assets of $714k. In other words, well over half of people about to retire have barely half the level of assets needed to get off the full pension. This is worse than when Superannuation began in 1992 when 77% of retirees were receiving a pension. 50% were receiving a full pension and 27% were receiving a part pension. Furthermore as per the ABS figures attached in comments below, 40% of people now retiree with a mortgage up from 10% in 1992. These figures are over five years old so the figure is probably worse. That means that most people have to cash in their super when they retire to pay off their mortgage and then go onto the pension anyway. Then there is the whole return on investment scenario - if house prices are growing the same as or faster than superannuation returns, then yet again it becomes a false economy. In other words Superannuation is not achieving its stated aim. The Productivity Commission estimates the cost of running Superannuation is around 1% of funds under management or $40 billion per year. Australia doesn’t need more financial engineers in this country, we need real engineers building real assets not paper assets. Nor should we be investing superannuation money overseas in foreign infrastructure when our own country desperately needs more infrastructure investment.

This conversation has generated a fair bit of conversation so I think it’s worth elaborating on. There is a common misconception that superannuation is decreasing the number of retirees on the pension. As per ASFA figures attached in comments - the median balance for men and women aged 60-64 is $220k and $164k respectively. That is nowhere near enough to get off the full pension which starts to reduce when a home owning single person has assets of $321k. The pension cuts out entirely if a home owning single person has assets of $714k. In other words, well over half of people about to retire have barely half the level of assets needed to get off the full pension. This is worse than when Superannuation began in 1992 when 77% of retirees were receiving a pension. 50% were receiving a full pension and 27% were receiving a part pension. Furthermore as per the ABS figures attached in comments below, 40% of people now retiree with a mortgage up from 10% in 1992. These figures are over five years old so the figure is probably worse. That means that most people have to cash in their super when they retire to pay off their mortgage and then go onto the pension anyway. Then there is the whole return on investment scenario - if house prices are growing the same as or faster than superannuation returns, then yet again it becomes a false economy. In other words Superannuation is not achieving its stated aim. The Productivity Commission estimates the cost of running Superannuation is around 1% of funds under management or $40 billion per year. Australia doesn’t need more financial engineers in this country, we need real engineers building real assets not paper assets. Nor should we be investing superannuation money overseas in foreign infrastructure when our own country desperately needs more infrastructure investment.

Gerard Rennick

44,183 просмотров • 6 месяцев назад

Details of the renegotiated agreement between the Federal Government of Nigeria and ASUU - 40% salary increase for academic staff - Improved pension benefits: Professors to earn pension equivalent to their annual salary at retirement (age 70) - Better university funding model with dedicated allocations for research, libraries, labs, equipment, and staff development - Proposed National Research Council (NRC) to fund research with at least 1% of Nigeria’s GDP - Stronger university autonomy & academic freedom - Elected academic leadership (Deans/Provosts), with only professors eligible - No victimization of anyone involved in the struggle during the course of drafting the new agreement. - Agreement to take effect from January 1, 2026, and will be reviewed after 3 years. Another promise made, Another promise kept. “This marks a turning point for Nigeria’s education system” - Minister of Education Dr. Tunji Alausa

Details of the renegotiated agreement between the Federal Government of Nigeria and ASUU - 40% salary increase for academic staff - Improved pension benefits: Professors to earn pension equivalent to their annual salary at retirement (age 70) - Better university funding model with dedicated allocations for research, libraries, labs, equipment, and staff development - Proposed National Research Council (NRC) to fund research with at least 1% of Nigeria’s GDP - Stronger university autonomy & academic freedom - Elected academic leadership (Deans/Provosts), with only professors eligible - No victimization of anyone involved in the struggle during the course of drafting the new agreement. - Agreement to take effect from January 1, 2026, and will be reviewed after 3 years. Another promise made, Another promise kept. “This marks a turning point for Nigeria’s education system” - Minister of Education Dr. Tunji Alausa

Daddy D.O🇳🇬

120,774 просмотров • 8 месяцев назад

I first introduced the Ernest Peltz Accrued Veterans Benefits Act two Congresses ago. For years, I’ve worked closely with the Peltz family, veterans service organizations, the Department of Veterans Affairs, and my colleagues on both sides of the aisle to craft legislation to correct a moral wrong. My bill eliminates the burden on a veteran’s surviving family by ensuring that the veteran is entitled to receive their pre-approved pension benefits within the month that death occurs. I represent #NY21—serving the largest number of veterans in any district in NY State. That’s why I’m proud to take action to make sure no family mourning the loss of a beloved veteran has to deal with VA red tape and bureaucratic mistakes. This commonsense bipartisan legislation honors the legacy of World War II veteran Ernest Peltz and takes a critical step toward improving the VA’s effectiveness and accountability. In passing my legislation, Congress will rightfully honor veterans for their service and guarantee their families the dignity and respect they have earned.

I first introduced the Ernest Peltz Accrued Veterans Benefits Act two Congresses ago. For years, I’ve worked closely with the Peltz family, veterans service organizations, the Department of Veterans Affairs, and my colleagues on both sides of the aisle to craft legislation to correct a moral wrong. My bill eliminates the burden on a veteran’s surviving family by ensuring that the veteran is entitled to receive their pre-approved pension benefits within the month that death occurs. I represent #NY21—serving the largest number of veterans in any district in NY State. That’s why I’m proud to take action to make sure no family mourning the loss of a beloved veteran has to deal with VA red tape and bureaucratic mistakes. This commonsense bipartisan legislation honors the legacy of World War II veteran Ernest Peltz and takes a critical step toward improving the VA’s effectiveness and accountability. In passing my legislation, Congress will rightfully honor veterans for their service and guarantee their families the dignity and respect they have earned.

Rep. Elise Stefanik

15,467 просмотров • 7 месяцев назад

Head of the Civil Service of the Federation, Didi Esther Walson-Jack, highlighted key reforms and progress recorded in the Federal Civil Service under the administration of President Bola Ahmed Tinubu, outlining major improvements in digitalisation, staff welfare, performance management, transparency, and service delivery aimed at building a more efficient, accountable, and citizen-focused public service. Highlights: - Introduced seven strategic war rooms to accelerate implementation of key civil service reform pillars. - Advanced the digitalisation of the Federal Civil Service, replacing manual processes with real-time digital workflows. - Improved transparency, accountability, and efficiency through electronic document tracking and faster approvals. - Eliminated the challenge of missing files through digital records management. - Enabled citizens to interact with ministries through online submission and tracking portals. - Strengthened the Performance Management System to improve productivity. - Expanded staff welfare initiatives and engagement with civil servants. - Workers benefited from the five-month wage award. - Implemented improvements in peculiar allowances, duty tour allowances, and other public service benefits. - Introduced the Exit Benefit Scheme for retiring treasury-funded civil servants. - Renewed support for housing initiatives and established an Employee Compensation Scheme.

Head of the Civil Service of the Federation, Didi Esther Walson-Jack, highlighted key reforms and progress recorded in the Federal Civil Service under the administration of President Bola Ahmed Tinubu, outlining major improvements in digitalisation, staff welfare, performance management, transparency, and service delivery aimed at building a more efficient, accountable, and citizen-focused public service. Highlights: - Introduced seven strategic war rooms to accelerate implementation of key civil service reform pillars. - Advanced the digitalisation of the Federal Civil Service, replacing manual processes with real-time digital workflows. - Improved transparency, accountability, and efficiency through electronic document tracking and faster approvals. - Eliminated the challenge of missing files through digital records management. - Enabled citizens to interact with ministries through online submission and tracking portals. - Strengthened the Performance Management System to improve productivity. - Expanded staff welfare initiatives and engagement with civil servants. - Workers benefited from the five-month wage award. - Implemented improvements in peculiar allowances, duty tour allowances, and other public service benefits. - Introduced the Exit Benefit Scheme for retiring treasury-funded civil servants. - Renewed support for housing initiatives and established an Employee Compensation Scheme.

Daddy D.O🇳🇬

15,185 просмотров • 2 месяцев назад

David Andersen is in the news again today because it was revealed in Senate estimates the ABC spent $45,000 on his going away party. That’s too much for sure but it still pales into insignificance compared to the over $400,000 he will receive every year in retirement until he dies. If he lives to 86, he will be paid more than $12 million for doing nothing. Not bad coin for someone who was already paid over a million a year for 5 years at the ABC. PeopleFirst is the only party that intends to means test the non-military defined benefit scheme for retired Federal bureaucrats. Estimates from the Finance Department put the cost of this scheme at $334 billion and counting. PeopleFirst intends to use the savings to fund an income tax cut on wages and salaries below $45,000. To keep more money in your pocket and out of the pockets of bureaucrats please sign up to today. ••••••••••••••••• “At senate estimates in December, ABC's chief financial officer Melanie Kleyn sought to assuage Liberal Senator Sarah Henderson's disbeliet that a farewell party could cost over $45,000.” V “Outgoing ABC managing director David Anderson will remain one of the country's highest earners for the rest of his life despite quitting his $1.15million job – all thanks to you. According to the ABC's annual report from the 2022-23 financial year, the corporation's top executive received a total remuneration package of $1,156,969, increasing year-on-year by $120,000. Under the Commonwealth Superannuation Scheme, Mr Anderson, who first joined the public broadcaster as a bike courier in Adelaide in 1989 and enjoyed a 35-year career at the ABC, is entitled to an annual CPI-indexed pension of at least 37 per cent of his final salary. That would put the outgoing ABC boss's total taxpayer-funded annual pension at almost $430,000 – more than four-and-a-half times the nation's average income.”

David Andersen is in the news again today because it was revealed in Senate estimates the ABC spent $45,000 on his going away party. That’s too much for sure but it still pales into insignificance compared to the over $400,000 he will receive every year in retirement until he dies. If he lives to 86, he will be paid more than $12 million for doing nothing. Not bad coin for someone who was already paid over a million a year for 5 years at the ABC. PeopleFirst is the only party that intends to means test the non-military defined benefit scheme for retired Federal bureaucrats. Estimates from the Finance Department put the cost of this scheme at $334 billion and counting. PeopleFirst intends to use the savings to fund an income tax cut on wages and salaries below $45,000. To keep more money in your pocket and out of the pockets of bureaucrats please sign up to today. ••••••••••••••••• “At senate estimates in December, ABC's chief financial officer Melanie Kleyn sought to assuage Liberal Senator Sarah Henderson's disbeliet that a farewell party could cost over $45,000.” V “Outgoing ABC managing director David Anderson will remain one of the country's highest earners for the rest of his life despite quitting his $1.15million job – all thanks to you. According to the ABC's annual report from the 2022-23 financial year, the corporation's top executive received a total remuneration package of $1,156,969, increasing year-on-year by $120,000. Under the Commonwealth Superannuation Scheme, Mr Anderson, who first joined the public broadcaster as a bike courier in Adelaide in 1989 and enjoyed a 35-year career at the ABC, is entitled to an annual CPI-indexed pension of at least 37 per cent of his final salary. That would put the outgoing ABC boss's total taxpayer-funded annual pension at almost $430,000 – more than four-and-a-half times the nation's average income.”

Gerard Rennick

43,130 просмотров • 7 месяцев назад

BREAKING: David david friedberg says "California is functionally bankrupt" "People don't realize how screwed California is, & I worry that if California falls, so does the union. "$250 billion to $1 trillion short." "This is because for California to get rescued would be a big cost to red states, & I think it creates in the years ahead a lot of tension." "California's functional bankruptcy is a major risk to the country. & I think we need to figure out what we can change to fix it." How we got here: "California has a public pension system, & that public pension system retirees have paid into it & they get some benefits out, & the amount that they're owed back out is somewhere between $250 billion - $1 trillion dollars more than has been paid in. $250 billion to $1 trillion short. If it was the federal government, it would be like, okay, we'll just print more money. California doesn't have the ability to print money, so California has to pay this out, and you can't restructure retirement benefits. There is a Supreme Court case in California that said that once an employee has been offered retirement benefits, even if they're currently an employee, you can never restructure their retirement benefits. It has to stay forever, and the state cannot declare bankruptcy. There's no way for the state to functionally declare bankruptcy. There's no law to allow it. No state has ever declared bankruptcy, and the retirement benefits sit senior to the bonds in California. So you have to pay out the retirement benefits before you pay out all the bond holders that have loaned California the money that they use to run all their programs and services." Hill & Valley Forum 2026 (The Hill & Valley Forum)

BREAKING: David david friedberg says "California is functionally bankrupt" "People don't realize how screwed California is, & I worry that if California falls, so does the union. "$250 billion to $1 trillion short." "This is because for California to get rescued would be a big cost to red states, & I think it creates in the years ahead a lot of tension." "California's functional bankruptcy is a major risk to the country. & I think we need to figure out what we can change to fix it." How we got here: "California has a public pension system, & that public pension system retirees have paid into it & they get some benefits out, & the amount that they're owed back out is somewhere between $250 billion - $1 trillion dollars more than has been paid in. $250 billion to $1 trillion short. If it was the federal government, it would be like, okay, we'll just print more money. California doesn't have the ability to print money, so California has to pay this out, and you can't restructure retirement benefits. There is a Supreme Court case in California that said that once an employee has been offered retirement benefits, even if they're currently an employee, you can never restructure their retirement benefits. It has to stay forever, and the state cannot declare bankruptcy. There's no way for the state to functionally declare bankruptcy. There's no law to allow it. No state has ever declared bankruptcy, and the retirement benefits sit senior to the bonds in California. So you have to pay out the retirement benefits before you pay out all the bond holders that have loaned California the money that they use to run all their programs and services." Hill & Valley Forum 2026 (The Hill & Valley Forum)

Molly O’Shea

2,673,979 просмотров • 6 месяцев назад

Big Tech just forced the US government into bailing ITSELF out. This morning the US Treasury announced it will at least double the size of its own bond buybacks, because for two months almost nobody else wanted them. The 30-year Treasury bond hit its highest yield since 2007 last Thursday, then did it again yesterday. The long end has been in a buyers' strike since late June, meaning the pension funds and insurers who normally absorb 20 and 30 year government paper stopped showing up. This morning it auctioned $16 billion of 20-year debt at the second-worst yield since that bond was reintroduced in 2020. So the Treasury tore up a schedule it had published two weeks earlier. It doubled the maximum size of each long-bond buyback from $2 billion to at least $4 billion, and went from two operations a quarter to four. The 30-year yield fell 9 basis points within minutes. Stocks rallied. By early afternoon the 10-year had given almost all of it back. BUT the thing is, this operation changes almost nothing, because the underlying problem is untouched: The tidal wave of hyperscaler debt sitting on top of very large government deficits. Hyperscaler means Google, Meta, Microsoft, Amazon, Oracle and Nvidia. The Wall Street Journal went through the footnotes of 9 tech companies' filings on Sunday and found roughly $3 TRILLION in AI commitments sitting outside their balance sheets. That is 5x the $600 billion of capital spending those same companies reported over the past year. Alphabet alone discloses $811 billion in purchase and contractual obligations. Three months earlier it was $332 billion. All of it has to be funded somewhere. And this is where it collides with the government: Data centers, chip supply agreements and 20-year power contracts are long-duration assets, and long-duration assets get financed with long-duration debt. That is the exact product the US Treasury sells. There is a finite pool of investors willing to lend money for 30 years at a fixed rate. That pool does not get bigger because Meta needs another campus in Louisiana. So when the largest companies in history issue hundreds of billions of long-dated debt at the same moment the Treasury needs to roll a national debt approaching $40 trillion, both sides are bidding for the SAME buyers. One of those bidders can offer whatever yield it takes and book it as growth. The other one is the US government, and this morning it folded. Treasury does not create money for these buybacks. It funds them by issuing shorter-dated debt instead, so the obligation does not disappear. It gets pulled closer to the present, to be refinanced at whatever rate exists in a year or two. The government is buying back the debt nobody wants by selling more of the debt people still take. The 30-year Treasury yield is the number that prices your mortgage. The average 30-year fixed sits at 6.67% today. But there IS a real argument on the other side: Buybacks are routine, and $4 billion is nothing against a $30 trillion market. Plenty of serious people will call today housekeeping. But housekeeping shouldn’t require tearing up your own published schedule two weeks after you release it. The AI buildout is now financed at a scale that competes with sovereign borrowing, and the sovereign is losing bidders. Nobody voted on that, and people will pay for it in their mortgage rate long before anyone calls it a crisis. What do you think?

Big Tech just forced the US government into bailing ITSELF out. This morning the US Treasury announced it will at least double the size of its own bond buybacks, because for two months almost nobody else wanted them. The 30-year Treasury bond hit its highest yield since 2007 last Thursday, then did it again yesterday. The long end has been in a buyers' strike since late June, meaning the pension funds and insurers who normally absorb 20 and 30 year government paper stopped showing up. This morning it auctioned $16 billion of 20-year debt at the second-worst yield since that bond was reintroduced in 2020. So the Treasury tore up a schedule it had published two weeks earlier. It doubled the maximum size of each long-bond buyback from $2 billion to at least $4 billion, and went from two operations a quarter to four. The 30-year yield fell 9 basis points within minutes. Stocks rallied. By early afternoon the 10-year had given almost all of it back. BUT the thing is, this operation changes almost nothing, because the underlying problem is untouched: The tidal wave of hyperscaler debt sitting on top of very large government deficits. Hyperscaler means Google, Meta, Microsoft, Amazon, Oracle and Nvidia. The Wall Street Journal went through the footnotes of 9 tech companies' filings on Sunday and found roughly $3 TRILLION in AI commitments sitting outside their balance sheets. That is 5x the $600 billion of capital spending those same companies reported over the past year. Alphabet alone discloses $811 billion in purchase and contractual obligations. Three months earlier it was $332 billion. All of it has to be funded somewhere. And this is where it collides with the government: Data centers, chip supply agreements and 20-year power contracts are long-duration assets, and long-duration assets get financed with long-duration debt. That is the exact product the US Treasury sells. There is a finite pool of investors willing to lend money for 30 years at a fixed rate. That pool does not get bigger because Meta needs another campus in Louisiana. So when the largest companies in history issue hundreds of billions of long-dated debt at the same moment the Treasury needs to roll a national debt approaching $40 trillion, both sides are bidding for the SAME buyers. One of those bidders can offer whatever yield it takes and book it as growth. The other one is the US government, and this morning it folded. Treasury does not create money for these buybacks. It funds them by issuing shorter-dated debt instead, so the obligation does not disappear. It gets pulled closer to the present, to be refinanced at whatever rate exists in a year or two. The government is buying back the debt nobody wants by selling more of the debt people still take. The 30-year Treasury yield is the number that prices your mortgage. The average 30-year fixed sits at 6.67% today. But there IS a real argument on the other side: Buybacks are routine, and $4 billion is nothing against a $30 trillion market. Plenty of serious people will call today housekeeping. But housekeeping shouldn’t require tearing up your own published schedule two weeks after you release it. The AI buildout is now financed at a scale that competes with sovereign borrowing, and the sovereign is losing bidders. Nobody voted on that, and people will pay for it in their mortgage rate long before anyone calls it a crisis. What do you think?

Ricardo

60,135 просмотров • 1 месяц назад

#WATCH | Delhi | On Supreme Court grants full pension to women SSC Officers denied permanent commission, Advocate SS Pandey says, “Today, Supreme Court has passed a historical order, the bench was presided by the CJI, in respect of women officers of all the three services – Army, Navy and Air Force. The SC has recognised the fact that since women officers were not being considered for PC, the inputs to derive the merits of the women officers have not been done properly because the reporting officers were not conscious of the fact that these Annual Confidential Reports and other credentials would be used for consideration of PC for the women officers… In the Army, the SC has already found that the women officers have been subjected to systemic discrimination through the cases of Babita Punia and Nitisha… The SC clearly held that all those officers who have completed 60% of qualifying service and were clear from the PC and vigilance angle will be considered and granted PC. The officers who have been victims of systemic discrimination will be permitted to serve for 20 years and will be given a pension on completion of 20 years… In the Air Force’s case, the consideration denied earlier was based on a 2019 policy in which the inputs that were taken into consideration were those that women officers could not have earned during their service. As a result, they were denied PC. Both the male and female officers have been granted consideration for PC or pension… The same goes with the Navy because it was also following a policy of no PC to either men or women… They have also been considered for PC… “

#WATCH | Delhi | On Supreme Court grants full pension to women SSC Officers denied permanent commission, Advocate SS Pandey says, “Today, Supreme Court has passed a historical order, the bench was presided by the CJI, in respect of women officers of all the three services – Army, Navy and Air Force. The SC has recognised the fact that since women officers were not being considered for PC, the inputs to derive the merits of the women officers have not been done properly because the reporting officers were not conscious of the fact that these Annual Confidential Reports and other credentials would be used for consideration of PC for the women officers… In the Army, the SC has already found that the women officers have been subjected to systemic discrimination through the cases of Babita Punia and Nitisha… The SC clearly held that all those officers who have completed 60% of qualifying service and were clear from the PC and vigilance angle will be considered and granted PC. The officers who have been victims of systemic discrimination will be permitted to serve for 20 years and will be given a pension on completion of 20 years… In the Air Force’s case, the consideration denied earlier was based on a 2019 policy in which the inputs that were taken into consideration were those that women officers could not have earned during their service. As a result, they were denied PC. Both the male and female officers have been granted consideration for PC or pension… The same goes with the Navy because it was also following a policy of no PC to either men or women… They have also been considered for PC… “

ANI

39,804 просмотров • 6 месяцев назад

.Rwanda Social Security Board and our favorite artist The Ben joined Umuganura celebration in the Nordics, making the event even more memorable! Rwandans living in #Finland, #Denmark, #Norway and #Sweden couldn’t have asked for a better Umuganura! Over 500 Rwandans from across the Nordic countries gathered in Norway to celebrate Umuganura : Rwanda’s National Harvest , alongside members of the diplomatic corps accredited to Norway and the vibrant African diaspora. This year’s Umuganura was the best ever ! A powerful celebration of culture, unity, and Rwanda’s forward-looking vision. A standout moment was the engagement with Alain Ngirinshuti from Rwanda Social Security Board who flew in from Rwanda to share two groundbreaking government initiatives: -Housing Projects , designed to give every Rwandan a dignified place to call home. - Ejo Heza , an innovative long-term savings scheme that enables all Rwandans, including children, to secure futures through voluntary savings and pension benefits. These initiatives reflect the Government of Rwanda ’s bold and inclusive approach to nation-building, ensuring that no one is left behind , not even abroad. The celebration was elevated by an electric performance from our favorite artist The Ben, alongside beautiful Rwandan community in the Nordics’ traditional cultural groups who reminded us of the richness of our heritage. This Umuganura wasn’t just a harvest celebration. it was a testament to progress, purpose, and pride in being Rwandan.

.Rwanda Social Security Board and our favorite artist The Ben joined Umuganura celebration in the Nordics, making the event even more memorable! Rwandans living in #Finland, #Denmark, #Norway and #Sweden couldn’t have asked for a better Umuganura! Over 500 Rwandans from across the Nordic countries gathered in Norway to celebrate Umuganura : Rwanda’s National Harvest , alongside members of the diplomatic corps accredited to Norway and the vibrant African diaspora. This year’s Umuganura was the best ever ! A powerful celebration of culture, unity, and Rwanda’s forward-looking vision. A standout moment was the engagement with Alain Ngirinshuti from Rwanda Social Security Board who flew in from Rwanda to share two groundbreaking government initiatives: -Housing Projects , designed to give every Rwandan a dignified place to call home. - Ejo Heza , an innovative long-term savings scheme that enables all Rwandans, including children, to secure futures through voluntary savings and pension benefits. These initiatives reflect the Government of Rwanda ’s bold and inclusive approach to nation-building, ensuring that no one is left behind , not even abroad. The celebration was elevated by an electric performance from our favorite artist The Ben, alongside beautiful Rwandan community in the Nordics’ traditional cultural groups who reminded us of the richness of our heritage. This Umuganura wasn’t just a harvest celebration. it was a testament to progress, purpose, and pride in being Rwandan.

Dr Diane GASHUMBA

12,845 просмотров • 1 год назад

🚨 WARNING: TOMORROW WILL BE THE WORST DAY OF 2026!! 99% of people will lose everything. You MUST read this before August 31. → Japan is dumping $5.25 TRILLION in U.S. Treasuries → China is dumping $600 BILLION in U.S. Treasuries The U.S. just confirmed the crisis is real, and DOUBLED buybacks to cover the damage. If you own any assets today, you need to understand this: Japan and China are forcing capital back into their countries. And the biggest carry trade in history is now starting to unwind, with devastating consequences. This is NOT a normal market correction. For decades, Japan kept interest rates near zero, turning the yen into the world's cheapest funding currency. Investors borrowed trillions of yen and poured that money into U.S. Treasuries, stocks, real estate, crypto, and markets around the world. But now, the Japan trade is breaking apart: → Soaring government debt → Rapidly aging population → Massive pension obligations → Years of pressure from a weak yen And now, China is adding another layer of pressure to the U.S. Treasury market. China has been steadily reducing its holdings of U.S. Treasuries. Chinese Treasury holdings just fell to $633 BILLION, the lowest level since 2008. At the same time, China continues to build its gold reserves in a bold move. The implications are clear: → U.S. Treasury holdings decrease → Gold holdings increase → Demand for U.S. debt weakens → Pressure on Treasury yields increases Japan and China were both among the major sources of the latest decline in foreign Treasury holdings. And when two of the world's biggest holders reduce their exposure at the same time... Someone else has to absorb that supply, which means higher yields are required to attract buyers. The 30-year Treasury yield recently pushed above 5.3%, reaching levels not seen since 2007. The U.S. Treasury is now forced to buy back its own debt because no one else wants it. And that's a desperate move with catastrophic consequences. This creates another feedback loop: → Higher U.S. yields increase the cost of financing the enormous U.S. government debt load → Higher Japanese yields make Japanese assets more attractive → China's diversification adds another structural source of pressure to the Treasury market Pay attention, because most people won't understand why markets are collapsing until it's already happening. I’ve studied markets for over 12 years and have called nearly every major top and bottom. And I'm warning you now. If you want to survive the 2026-2027 cycle, follow and turn on notifications. A lot of people will wish they had paid attention earlier.

🚨 WARNING: TOMORROW WILL BE THE WORST DAY OF 2026!! 99% of people will lose everything. You MUST read this before August 31. → Japan is dumping $5.25 TRILLION in U.S. Treasuries → China is dumping $600 BILLION in U.S. Treasuries The U.S. just confirmed the crisis is real, and DOUBLED buybacks to cover the damage. If you own any assets today, you need to understand this: Japan and China are forcing capital back into their countries. And the biggest carry trade in history is now starting to unwind, with devastating consequences. This is NOT a normal market correction. For decades, Japan kept interest rates near zero, turning the yen into the world's cheapest funding currency. Investors borrowed trillions of yen and poured that money into U.S. Treasuries, stocks, real estate, crypto, and markets around the world. But now, the Japan trade is breaking apart: → Soaring government debt → Rapidly aging population → Massive pension obligations → Years of pressure from a weak yen And now, China is adding another layer of pressure to the U.S. Treasury market. China has been steadily reducing its holdings of U.S. Treasuries. Chinese Treasury holdings just fell to $633 BILLION, the lowest level since 2008. At the same time, China continues to build its gold reserves in a bold move. The implications are clear: → U.S. Treasury holdings decrease → Gold holdings increase → Demand for U.S. debt weakens → Pressure on Treasury yields increases Japan and China were both among the major sources of the latest decline in foreign Treasury holdings. And when two of the world's biggest holders reduce their exposure at the same time... Someone else has to absorb that supply, which means higher yields are required to attract buyers. The 30-year Treasury yield recently pushed above 5.3%, reaching levels not seen since 2007. The U.S. Treasury is now forced to buy back its own debt because no one else wants it. And that's a desperate move with catastrophic consequences. This creates another feedback loop: → Higher U.S. yields increase the cost of financing the enormous U.S. government debt load → Higher Japanese yields make Japanese assets more attractive → China's diversification adds another structural source of pressure to the Treasury market Pay attention, because most people won't understand why markets are collapsing until it's already happening. I’ve studied markets for over 12 years and have called nearly every major top and bottom. And I'm warning you now. If you want to survive the 2026-2027 cycle, follow and turn on notifications. A lot of people will wish they had paid attention earlier.

0xNobler

482,234 просмотров • 26 дней назад

President William Ruto has this morning signed into law the Government Owned Enterprises Bill 2025. Here's what you need to know: · The law now reconstitutes existing Government Owned Enterprises into public limited liability entities under the Companies Act, Cap. 486 · Under the new dispensation, a Government Owned Enterprise is defined as a self-financing and self-sustaining company engaged in commercial activities in one of 3 circumstances: a) It is wholly owned by the Government b) The Government owns more than fifty percent of the share capital c) The Government has assigned financial & operational powers to the entity to carry on a business activity · The law requires the Board of each Government Owned Enterprise to adopt an annual business plan which will inform the annual performance contracts signed between the Cabinet Secretary for the National Treasury and the Government Owned Enterprises' leadership · The law allows the Government to assign specified non-commercial public service obligations to some Government Owned Enterprises. The law provides that the discharge of such obligations will to be funded through a subsidy, or budgetary allocations For more context on the new legislation, unbundle the quoted tweets to see how it has evolved through the legislative process

President William Ruto has this morning signed into law the Government Owned Enterprises Bill 2025. Here's what you need to know: · The law now reconstitutes existing Government Owned Enterprises into public limited liability entities under the Companies Act, Cap. 486 · Under the new dispensation, a Government Owned Enterprise is defined as a self-financing and self-sustaining company engaged in commercial activities in one of 3 circumstances: a) It is wholly owned by the Government b) The Government owns more than fifty percent of the share capital c) The Government has assigned financial & operational powers to the entity to carry on a business activity · The law requires the Board of each Government Owned Enterprise to adopt an annual business plan which will inform the annual performance contracts signed between the Cabinet Secretary for the National Treasury and the Government Owned Enterprises' leadership · The law allows the Government to assign specified non-commercial public service obligations to some Government Owned Enterprises. The law provides that the discharge of such obligations will to be funded through a subsidy, or budgetary allocations For more context on the new legislation, unbundle the quoted tweets to see how it has evolved through the legislative process

Julians Amboko

76,510 просмотров • 10 месяцев назад

During the Monsoon Session of the Delhi Legislative Assembly, Chief Minister Rekha Gupta said that ensuring every eligible woman benefits from all welfare schemes of the Central and Delhi governments is the government's top priority. She assured that no eligible woman in Delhi would be left out of any scheme. The CM said that under the leadership of PM Narendra Modi, several schemes aimed at empowering women are being implemented, including the Ujjwala Yojana, Pradhan Mantri Mudra Yojana, Sukanya Samriddhi Yojana, Lakhpati Didi, Drone Didi and Pradhan Mantri Awas Yojana. The Delhi government, she added, is also working continuously towards the empowerment of women and girls through initiatives such as the Delhi Lakshmi Yojana, Pink Card, Anmol Yojana, free LPG cylinders for eligible women, and the Vidya Vahini Yojana, which provides bicycles to girl students. The CM said the Vidya Vahini Yojana aims to encourage girls' education and reduce school dropout rates, enabling more girls to complete their education and become self-reliant. She added that her government has been consistently working to fulfil its public welfare commitments within a stipulated timeframe and remains committed to delivering on every promise made to the people.

During the Monsoon Session of the Delhi Legislative Assembly, Chief Minister Rekha Gupta said that ensuring every eligible woman benefits from all welfare schemes of the Central and Delhi governments is the government's top priority. She assured that no eligible woman in Delhi would be left out of any scheme. The CM said that under the leadership of PM Narendra Modi, several schemes aimed at empowering women are being implemented, including the Ujjwala Yojana, Pradhan Mantri Mudra Yojana, Sukanya Samriddhi Yojana, Lakhpati Didi, Drone Didi and Pradhan Mantri Awas Yojana. The Delhi government, she added, is also working continuously towards the empowerment of women and girls through initiatives such as the Delhi Lakshmi Yojana, Pink Card, Anmol Yojana, free LPG cylinders for eligible women, and the Vidya Vahini Yojana, which provides bicycles to girl students. The CM said the Vidya Vahini Yojana aims to encourage girls' education and reduce school dropout rates, enabling more girls to complete their education and become self-reliant. She added that her government has been consistently working to fulfil its public welfare commitments within a stipulated timeframe and remains committed to delivering on every promise made to the people.

The Times Of India

23,659 просмотров • 1 месяц назад

People are drowning in debt “Australia’s retirement system has been based on the presumption that the overwhelming majority of people would own their homes outright upon retirement. However, due to declining homeownership rates, Australians buying homes later, and carrying larger mortgages into retirement, that assumption is clearly crumbling. Westpac notes that people over the age of 40 accounted for around 20% of mortgage loans issued to first-home buyers in 2025. As a result of people purchasing later and taking out larger mortgages, Loan Market Group has found that 40% of respondents do not expect to have paid off their mortgages by the time they retire. This analysis aligns with warnings from the Super Members Council of Australia, which estimated that more than 40% of Australians will retire with mortgage debt, up from 16% two decades ago.” ••••••••••••••••••••••••• People First has been the only party talking about the fact that 40% of people who retiree haven’t paid off their mortgage. This figure is based from ABS numbers now five years old so the figures are probably worse. These people end up cashing out their super and going on the pension this wasting billions on Superannuation fees for nothing. No other party wants to tackle our financial system except People First. We will: • Reintroduce capital controls to stop house inflation • Bring back a public bank • Start an Infrastructure Bank • Bring back a Government Insurance Office • Allow young people to keep their superannuation so they can buy a house • Cut immigration It’s time to put the Australian People First.

People are drowning in debt “Australia’s retirement system has been based on the presumption that the overwhelming majority of people would own their homes outright upon retirement. However, due to declining homeownership rates, Australians buying homes later, and carrying larger mortgages into retirement, that assumption is clearly crumbling. Westpac notes that people over the age of 40 accounted for around 20% of mortgage loans issued to first-home buyers in 2025. As a result of people purchasing later and taking out larger mortgages, Loan Market Group has found that 40% of respondents do not expect to have paid off their mortgages by the time they retire. This analysis aligns with warnings from the Super Members Council of Australia, which estimated that more than 40% of Australians will retire with mortgage debt, up from 16% two decades ago.” ••••••••••••••••••••••••• People First has been the only party talking about the fact that 40% of people who retiree haven’t paid off their mortgage. This figure is based from ABS numbers now five years old so the figures are probably worse. These people end up cashing out their super and going on the pension this wasting billions on Superannuation fees for nothing. No other party wants to tackle our financial system except People First. We will: • Reintroduce capital controls to stop house inflation • Bring back a public bank • Start an Infrastructure Bank • Bring back a Government Insurance Office • Allow young people to keep their superannuation so they can buy a house • Cut immigration It’s time to put the Australian People First.

Gerard Rennick

13,494 просмотров • 5 месяцев назад