The world's best pension system is being pushed to the brink

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The US lost 36,000 manufacturing jobs last month, impacted primarily by the GM strike. Overall, the October report was stronger than expected, beating economists’ far more dour forecasts.”,”descriptionText”:”u003ca href=”http://www.cnn.com/2019/11/01/economy/october-jobs-report/index.html” target=”_blank”>The US economy added 128,000 jobs in October.u003c/a> The unemployment rate rose slightly to 3.6%. The US lost 36,000 manufacturing jobs last month, impacted primarily by the GM strike. Overall, the October report was stronger than expected, beating economists’ far more dour forecasts.”},{“title”:”Fed cuts interest rates for third time this year”,”duration”:”01:44″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/10/30/federal-reserve-cuts-interest-rates.cnn-business/index.xml”,”videoId”:”business/2019/10/30/federal-reserve-cuts-interest-rates.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/191030090745-01-jerome-powell-1004-large-169.jpg”,”videoUrl”:”/videos/business/2019/10/30/federal-reserve-cuts-interest-rates.cnn-business/video/playlists/business-economy/”,”description”:”The Federal Reserve cut interest rates for the third time in 2019 as the US economy continues to slow down. CNN’s Cristina Alesci reports. “,”descriptionText”:”The Federal Reserve cut interest rates for the third time in 2019 as the US economy continues to slow down. CNN’s Cristina Alesci reports. “},{“title”:”US economic growth slows in third quarter”,”duration”:”01:55″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/10/30/us-gdp-q3-economy.cnn-business/index.xml”,”videoId”:”business/2019/10/30/us-gdp-q3-economy.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/191030093104-gdp-3rd-quarter-large-169.jpg”,”videoUrl”:”/videos/business/2019/10/30/us-gdp-q3-economy.cnn-business/video/playlists/business-economy/”,”description”:”The US economy grew at an annualized rate of 1.9% in the third quarter. CNN’s Christine Romans reports.”,”descriptionText”:”The US economy grew at an annualized rate of 1.9% in the third quarter. CNN’s Christine Romans reports.”},{“title”:”Debt and deficit aren’t the same thing. Here’s the difference”,”duration”:”01:42″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/10/24/debt-vs-deficit-orig.cnn/index.xml”,”videoId”:”business/2019/10/24/debt-vs-deficit-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/191024141659-debt-v-deficit-explainer-title-card-01-large-169.jpg”,”videoUrl”:”/videos/business/2019/10/24/debt-vs-deficit-orig.cnn/video/playlists/business-economy/”,”description”:”Even politicians mix up the terms debt and deficit. CNN’s Jon Sarlin explains the difference so you can sound smart at your next cocktail party.”,”descriptionText”:”Even politicians mix up the terms debt and deficit. CNN’s Jon Sarlin explains the difference so you can sound smart at your next cocktail party.”},{“title”:”Moody’s forecast: Trump will win election in landslide”,”duration”:”03:47″,”sourceName”:”CNN”,”sourceLink”:”http://www.cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/10/17/moodys-2020-prediction-election-trump-landslide-qmb-vpx-dbl.cnn/index.xml”,”videoId”:”business/2019/10/17/moodys-2020-prediction-election-trump-landslide-qmb-vpx-dbl.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/191016192655-moodys-2020-prediction-election-trump-landslide-qmb-vpx-00000000-large-169.jpg”,”videoUrl”:”/videos/business/2019/10/17/moodys-2020-prediction-election-trump-landslide-qmb-vpx-dbl.cnn/video/playlists/business-economy/”,”description”:”The financial firm Moody’s Analyticsu003ca href=”https://www.moodysanalytics.com/-/media/article/2019/president-election-model.pdf” target=”_blank”> predicts that President Trump will win the 2020 election in a landslideu003c/a> due to today’s economic conditions.”,”descriptionText”:”The financial firm Moody’s Analyticsu003ca href=”https://www.moodysanalytics.com/-/media/article/2019/president-election-model.pdf” target=”_blank”> predicts that President Trump will win the 2020 election in a landslideu003c/a> due to today’s economic conditions.”},{“title”:”Economists think slowdown will get worse”,”duration”:”01:39″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/10/07/economy-forecasts-downturn.cnn-business/index.xml”,”videoId”:”business/2019/10/07/economy-forecasts-downturn.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/191007073541-china-us-shipping-trade-war-0914-large-169.jpg”,”videoUrl”:”/videos/business/2019/10/07/economy-forecasts-downturn.cnn-business/video/playlists/business-economy/”,”description”:”The National Association for Business Economics lowered growth expectations for next year to below 2%, citing protectionism, trade uncertainty and slowing global growth.”,”descriptionText”:”The National Association for Business Economics lowered growth expectations for next year to below 2%, citing protectionism, trade uncertainty and slowing global growth.”},{“title”:”Strategist: US economy ‘dangerously close’ to recession”,”duration”:”02:32″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/09/19/us-economy-recession-binky-chadha-firstmove-chatterley-vpx.cnn/index.xml”,”videoId”:”business/2019/09/19/us-economy-recession-binky-chadha-firstmove-chatterley-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190919105702-binky-chadha-large-169.jpg”,”videoUrl”:”/videos/business/2019/09/19/us-economy-recession-binky-chadha-firstmove-chatterley-vpx.cnn/video/playlists/business-economy/”,”description”:”Deutsche Bank Chief Global Strategist Binky Chadha explains why he thinks the US economy is much closer to a recession than some people realize.”,”descriptionText”:”Deutsche Bank Chief Global Strategist Binky Chadha explains why he thinks the US economy is much closer to a recession than some people realize.”},{“title”:”Here’s how the U.S. can avoid a recession”,”duration”:”02:13″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/10/02/markets-now-krishna-memani-avoid-recession.cnn-business/index.xml”,”videoId”:”business/2019/10/02/markets-now-krishna-memani-avoid-recession.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/191002123929-20191003-markets-now-07-large-169.jpg”,”videoUrl”:”/videos/business/2019/10/02/markets-now-krishna-memani-avoid-recession.cnn-business/video/playlists/business-economy/”,”description”:”Krishna Memani of Invesco says that low unemployment, rising incomes and steady consumer spending can help stabilize the economy.”,”descriptionText”:”Krishna Memani of Invesco says that low unemployment, rising incomes and steady consumer spending can help stabilize the economy.”},{“title”:”Here’s what an inverted yield curve means”,”duration”:”01:50″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/08/16/inverted-yield-curve-explained.cnn-business/index.xml”,”videoId”:”business/2019/08/16/inverted-yield-curve-explained.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190816142855-yield-curve-large-169.jpg”,”videoUrl”:”/videos/business/2019/08/16/inverted-yield-curve-explained.cnn-business/video/playlists/business-economy/”,”description”:”CNN Business’ Julia Chatterley explains what an inverted yield curve is, and its eerily-accurate history of predicting recessions. “,”descriptionText”:”CNN Business’ Julia Chatterley explains what an inverted yield curve is, and its eerily-accurate history of predicting recessions. “},{“title”:”Why this strategist thinks the US will avoid a recession”,”duration”:”00:55″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/08/28/economy-slow-growth-david-kelly.cnn-business/index.xml”,”videoId”:”business/2019/08/28/economy-slow-growth-david-kelly.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190828123105-20190828-markets-now-06-large-169.jpg”,”videoUrl”:”/videos/business/2019/08/28/economy-slow-growth-david-kelly.cnn-business/video/playlists/business-economy/”,”description”:”Chief global strategist at J.P. Morgan Funds David Kelly is optimistic that the economy will avoid a recession, but warns that growth is likely to slow.”,”descriptionText”:”Chief global strategist at J.P. Morgan Funds David Kelly is optimistic that the economy will avoid a recession, but warns that growth is likely to slow.”},{“title”:”Here’s what negative bond yields mean”,”duration”:”02:39″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/08/14/negative-bond-yields-orig.cnn-business/index.xml”,”videoId”:”business/2019/08/14/negative-bond-yields-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/181008142349-nasdaq-dip-bond-yields-large-169.jpg”,”videoUrl”:”/videos/business/2019/08/14/negative-bond-yields-orig.cnn-business/video/playlists/business-economy/”,”description”:”Globally, trillions of dollars worth of bonds now have negative yields. CNN Business’ Julia Chatterley explains what’s driving this phenomenon.”,”descriptionText”:”Globally, trillions of dollars worth of bonds now have negative yields. CNN Business’ Julia Chatterley explains what’s driving this phenomenon.”},{“title”:”Why ‘average’ best describes economic growth under Trump”,”duration”:”01:45″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/07/30/trump-economy-average-orig.cnn-business/index.xml”,”videoId”:”business/2019/07/30/trump-economy-average-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/180727161452-trump-speech-economy-072718-large-169.jpg”,”videoUrl”:”/videos/business/2019/07/30/trump-economy-average-orig.cnn-business/video/playlists/business-economy/”,”description”:”President Trump has boasted about economic growth since he’s been in office. But CNN’s Christine Romans took a closer look at the numbers.”,”descriptionText”:”President Trump has boasted about economic growth since he’s been in office. But CNN’s Christine Romans took a closer look at the numbers.”},{“title”:”Why Fed independence matters”,”duration”:”01:33″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/04/26/federal-reserve-independence-christine-romans-orig.cnn-business/index.xml”,”videoId”:”business/2019/04/26/federal-reserve-independence-christine-romans-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190426124351-federal-reserve-large-169.jpg”,”videoUrl”:”/videos/business/2019/04/26/federal-reserve-independence-christine-romans-orig.cnn-business/video/playlists/business-economy/”,”description”:”Though the president appoints the Federal Reserve chair and board of governors, the central bank is independent. Here’s why that’s critical for the modern economy.”,”descriptionText”:”Though the president appoints the Federal Reserve chair and board of governors, the central bank is independent. Here’s why that’s critical for the modern economy.”}],’js-video_headline-featured-1m6x7pm’,”,”js-video_source-featured-1m6x7pm”,true,true,’business-economy’);if (typeof configObj.context !== ‘string’ || configObj.context.length

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