The public pension fund for policemen and firefighters is suffering a run as mass withdrawals further decrease the plan's funds. The city mayor has already applied for a restraining order so as to prevent the financial crisis from worsening.
Funding
Immigrants Facing Deportation Is Now Being Defended With LA Legal Defense Fund
LA Legal Defense Fund Created To Aid Immigrants Facing Deportation City and county officials in Los Angeles on Monday unveiled a $10 million fund to provide legal services to immigrants facing deportation.
Italian Government Seeks Bank Bailout Funds From Parliament
The Italian Prime Minister has called for a cabinet meeting to discuss the request for funds from the parliament. The funds will be used to rescue the country's most troubled banks.
$1B Investment Fund Approved By Russia And Japan
Russia and Japan agree to set up $1 billion investment fund. The countries of Japan and Russia will create a $1 billion fund to invest in joint energy and infrastructure projects over the next five years, the leaders of the two countries said in Tokyo Friday at the end of meetings that looked cozy but fell well short of Japanese expectations.
Bill Gates Introduces Clean Enrgy Fund With The Others
Bill Gates, Others Launch Clean Energy Fund. Bill Gates, Microsoft Corp. co-founder said Monday that he and other business leaders are launching a $1 billion clean-technology fund that will start investing next year in companies developing low-cost, low-carbon technologies.
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The Pittsburgh pension fund investments are projected to fall short in 2016. This is due to the underperforming financial markets.
Donald Trump celebrates softbank for proposing a $50 billion investment on robotics doctors and lawyers.
Reports say that they need to advocate a greater funding for transportation infrastructure which is now covered by the Highway Trust Fund.
Bill Maris, the ex-CEO and founder of Google willl open and start up a Fund. Former member and Google Ventures founder Bill Maris, who stepped down as CEO earlier in 2016, is launching a new venture fund and has raised slightly over $230 million.
It is private cash which makes some projects possible. The Economy and Development Ministry (EDM) is paving the way for the creation of an Infrastructures Fund, which willbe included in the European Commission's so-called Juncker Plan for financing projects of public interest with private participation.
The Green Climate Fund, a financial mechanism to support projects related to climate change, has been severely underfunded despite large donations from various wealthy nations. The problem has hindered the organization from successfully implementing its projects.
France spearheads the efforts to prevent the destruction of cultural heritage sites by establishing a fund committed for the cause. France has allocated $30 million for the protection of historical sites endangered by militant attacks and wars. Supporters of the initiative plan to establish $100 million.
A $50 vouchers will be given to the rural residents of Wisconsin and was approved by the Public Servce Commission.
The Maine Marathon had unexpectedly donated a toy fund to the Portland Herald of an amount of $10,000.
