Pensions across the globe have lost millions of dollars due to the collapse of Silicon Valley Bank (SVB).
In the wake of SVB’s Friday closure, several pension funds in the U.S. and two overseas have confirmed that they had investments in SVB stock that will likely be at a loss now that the bank has been shut down by federal regulators.
Pensions Lose Millions After Bank Collapse
Tag: Pensions
Yellen Says US Will Send $10 Billion in Economic Aid to Ukraine
Yellen Says US Will Send $10 Billion in Economic Aid to Ukraine
The US has already provided about $13 billion in budgetary aid to Ukraine, which pays for government services, pensions, and healthcare
…
“In the coming months, we expect to provide around $10 billion in additional economic support for Ukraine,” she said.
Additional aid will be pulled from the $45 billion Congress authorized to spend on Ukraine in December. So far, the US has approved $113 billion in spending on the war, which includes military aid, training, funds for the Pentagon to replenish stockpiles and pay for troop deployments, and economic assistance.
Inflation, Fiscal Conservatives?! *crickets*
French government flags softer pensions stance after protests
Taken aback by the size of mass protests against its pension reform, the French government on Friday signalled readiness for compromise on the unpopular plan but vowed that its core measures would remain intact.
French government flags softer pensions stance after protests
Central banks risk setting off a financial earthquake with constant rate rises, warns ex-IMF economist

“Liz Truss got the blame but the underlying cause was Jay Powell’s rate rises in the US, which has pushed up rates for everybody,” he says.
French police attack Yellow Vests protesters in rally against Macron’s economic policies
French police have attacked Yellow Vests protesters, firing tear gas and rubber bullets at thousands of demonstrators, who took to the streets to denounce French President Emmanuel Macron’s economic policies and pension reform.
French police attack Yellow Vests protesters in rally against Macron’s economic policies
Related:
Emmanuel Macron presses ahead with pension reform as French discontent swells
Macron: French health sector problems could deepen in coming years
Saudi-led coalition seizes new emergency fuel ship headed for Yemen
On 21 October, the Saudi-led coalition seized the oil tanker ‘Lady Sarah,’ preventing it from reaching Yemen’s port of Hodeidah despite its previous inspection in Djibouti and having permits from the UN Verification and Inspection Mechanism (UNIVM).
Saudi-led coalition seizes new emergency fuel ship headed for Yemen
Neo-liberal Macron government in France pushes 2023 budget without parliamentary vote + French Labor Unrest Illustrates Worsening Economic Crisis Within the EU
The austerity-ridden budget was approved without a vote on after the government involved a controversial provision of the constitution. Earlier, left-wing MPs had passed several amendments to the government’s proposals
Neo-liberal Macron government in France pushes 2023 budget without parliamentary vote
Related:
French Labor Unrest Illustrates Worsening Economic Crisis Within the EU
Strikes & protests in France (and demonstrations in the US)
Strikes grow as Macron postpones threat to crush French refinery strike
Related:
French left-wing parties gather protesters to march in Paris, as refinery strikes persist




MSM was all over the cost of living protests but nothing about the Anti-NATO protests. Videos have emerged of police repression in Paris (at which protest, I’m unsure). Meanwhile, in the US, the Poor People’s Campaign, and allies, held multiple demonstrations to get out the vote (which were mainly covered by local news).
British protesters rally against rising inflation, cost of living
Surging cost of living in US drives class tensions to the breaking point
The latest inflation data published Tuesday shows that the working class confronts months of immense hardships as wages lose their value in the face of rising living costs. The ruling class’s attempt to make the working class pay for the crisis of capitalism is driving workers into struggle across the world, including in the United States, where teachers, nurses, and possibly railroad workers are launching powerful strikes.
Surging cost of living in US drives class tensions to the breaking point
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