Detroit official charged city pension fund $20,000 for trip to conference in Dubai

September 29th, 2009 DUBAI - The United Arab Emirates (UAE) and US defence authorities held a meeting here to review the arrangements for the upcoming Dubai Airshow Nov 15-19, WAM news agency reported Tuesday. The 11th Dubai Airshow is the foremost aerospace event in the Middle East and is the fastest growing airshow in the world, the report said.

September 11th, 2009 KOLKATA - India's pension regulator has called for attractive incentives for collection agents in a bid to popularise the new social security scheme as they are the main point of contact between the subscriber and the pension fund. "Incentives are needed as there is no provision for commission under the recently launched NPS (New Pension Scheme)," said Praveen Kumar, executive director of Pension Fund Regulatory and Development Authority executive director here Friday.

July 31st, 2009 NY pension fund begins reboundALBANY, N.Y. — New York's public pension fund reports regaining some of the value it lost in last year's Wall Street meltdown and national recession, growing to $116.5 billion in the quarter that ended in June.

July 16th, 2009 Detroit consultant, former lawmaker indictedDETROIT — A federal grand jury has indicted a political consultant on corruption charges, accusing him of working with a Detroit City Council member to shake down businesses for bribes in exchange for favors. The charges against Sam Riddle filed Wednesday came less than three weeks after his former boss, Monica Conyers, pleaded guilty to accepting bribes and quit the council.

July 2nd, 2009 CHENNAI - Expressing satisfaction over pension sector reforms, the government in its Economic Survey 2008-09 has said the new pension system (NPS) will be offered to more segments. "Efforts are underway to extend the NPS to new segments (autonomous bodies, state governments and unorganised sector) and introducing micro-pension initiatives," said the survey tabled in parliament Thursday.

June 16th, 2009 Detroit mayor: City could use some federal helpDETROIT — Detroit Mayor Dave Bing says his city has been hit hardest by the economic downtown and must take advantage of any funds it can get from the federal government. Bing spoke Tuesday at the National Summit, a conference in Detroit on the future of manufacturing, technology, energy and the environment.

June 15th, 2009 US files more charges in Detroit sludge probeDETROIT — Federal authorities have charged a man with conspiring to pay at least $6,000 to a Detroit City Council member in exchange for supporting a sludge-hauling contract with a Texas company. Rayford Jackson was charged with conspiracy Monday.

May 29th, 2009 NY pension fund takes more than 26 percent hitALBANY, N.Y. — New York state Comptroller Thomas DiNapoli says the state's massive public pension fund lost more than 26 percent on its investments during a fiscal year marked by Wall Street's meltdown and the recession.

May 14th, 2009 Carlyle Group to pay $20M in NY pension probeNEW YORK — The Carlyle Group, one of the nation's largest private equity funds, has agreed to pay $20 million and make other reforms to resolve its role in an influence-peddling scandal at New York's public pension fund. The settlement will bring an end to the possibility that the company, its executives or employees would face charges in the case, New York Attorney General Andrew Cuomo said.

May 12th, 2009 New Detroit mayor says no thanks to city mansionDETROIT — New Detroit Mayor Dave Bing says he won't move into the official mayoral residence — the Manoogian Mansion. Bing took office Monday and says he wants to find a way to make money from the 15-room luxury house on the Detroit River.

May 12th, 2009 Businessman pleads guilty in NY pension probeNEW YORK — A California businessman has pleaded guilty to securities fraud in connection with an investigation of alleged corruption at New York's public pension fund. The attorney general's office said Tuesday Julio (HOO'-lee-oh) Ramirez entered into a corrupt agreement with a top political aide to former New York Comptroller Alan Hevesi (HE'-vuh-see) to ensure that his company's clients got a slice of pension fund investments.

May 8th, 2009 Political agents get subpoenas in NY pension probeNEW YORK — Investigators probing influence peddling at the state pension fund have subpoenaed a number of politically connected New Yorkers who picked up big paychecks lobbying former officials at the retirement fund. State officials on Wednesday released a list of dozens of agents who acted as middlemen between investment firms and pension fund officials during the tenure of former comptroller Alan Hevesi.

May 2nd, 2009 NEW DELHI - The Election Commission Saturday asked the Pension Fund Regulatory and Development Authority (PFRDA) to explain why its advertisement of the New Pension Scheme' had been different from the version for which the poll panel had given permission. The poll panel asked the pension authority to explain the deviation and non-compliance with the panel's order for the advertisement which appeared in the Hindu newspaper.

May 1st, 2009 CHENNAI - Life insurers are depending on their strong distribution network to stave off the competition challenge posed by the cheaper National Pension Scheme (NPS) that was launched Friday. Even though the fund managers for NPS will charge only 1 paise per Rs.100 (0.0009 percent) as service charge, comparing to 2.5 percent on the fund value charged by life insurers, the latter do not expect drastic reduction in sales, industry officials said.

January 14th, 2009 THIRUVANANTHAPURAM - Kerala chief minister V.S. Achuthanandan Thursday announced that he would travel to Dubai February end to inaugurate the collection to a welfare fund being set up for the diaspora.