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From: Providence Mayoral Race Taking Shape
in News
" the current Mayor has taken an aggressive stance against raising commercial property taxes to keep businesses here."Not raising the highest commercial rate in the country doesn't necessarily make Providence any more competitive. Highest is still highest any way you spin it.
From: poll: Providence Mayor’s Race - Who Would You Support?
in Politics
The problem here is there are too many left leaning progressive candidates that would keep Providence in the dark ages by continuingbig government entitlements,social services for illegals,etc.etc. etc..if you think your property taxes are high now wait until you elect one of these yard birds!
From: Is Obama Heading Towards Nixon? Experts Weigh In
in News
It's wonderful to read the leftist robo-posters offerings, isn't it? Glib, vapid, filled with hate, shackled by their lack of facts the invariably regress to insults, false tales, moralistic scoldings, and of course Lenin's old favorite, slogans.It's wonderful to see them reflexively klomp forward to trot out their sour inanities in feckless, craven effort to void other peoples' factual statements.
The left is hate. Genocide is its legacy.
From: poll: Providence Mayor’s Race - Who Would You Support?
in Politics
wow Sionni 2 to 1 over Matos !!..lmaoFrom: Providence Pension Projection Data Raising Questions
in News
MATT CAVANAUGHTHE ANSWER TO YOU QUESTION LIES IN COURT CASE # 97-256
and the ASSOCIATED APPEAL IN THE
SUPREME COURT OF RHODE ISLAND # 99-256,
WHICH UPHELD THE LOWER RULING.
KATY SLOOP,
INDULGE ME AND GOOGLE THAT CASE AND TELL ME
I AM WRONG. I SUED THE CITY WITH THE RETIREMENT BOARD
TO STOP THE CITY'S GROSS UNDERFUNDING..... READ IT!!
From: Providence Pension Projection Data Raising Questions
in News
KATYWHEN MICHAEL DIED THEY CREATED AND DESIGNED A
RED BUMPER STICKER THAT SAID,
"MICHAEL J. DAY WE WILL NEVER FORGET YOU"
SAD IF I DID NOT JUST TELL YOU HE DIED IN THE LINE OF DUTY
YOU WOULD NOT EVEN KNOW HIS NAME!
THAT'S THE BIG LIE WE LIVE WITH, WE ACTUALLY THINK YOU THE GENERAL PUBLIC CARES ABOUT OUR SACRIFICES AND CALL TO DUTY.
WE WILL STILL BE THERE BUT KNOW WE KNOW HOW LITTLE WE MATTER TO
COLD HEARTED BEAN COUNTERS WHO DO NOT LIKE OR RESPECT YOU EITHER.
NOW THAT IS IRONIC.
BROWN GETS RICHER,
TAXPAYERS GET POORER,
RETIREES GET SCREWED AS WELL
AND TAVERAS RUNS FOR GOVERNOR ON ALL OF US WHO CARE.
Rest in PEACE MICHAEL J. DAY.
THERE ARE STILL SOME OF US WHO WILL NEVER FORGET
YOU SACRIFICE AND CALL TO DUTY.
STEPHEN T. DAY
From: CITY/STATE: How White Providence Really Is
in Business
9% of the Prov.school system is white.91% is not.
Give it 10 yrs and Prov.will be 75% non-white,at least.
From: Providence Pension Projection Data Raising Questions
in News
RATTMATT
KATY
MICHAEL J. DAY DIED JUNE 13, 2006.
IN LESS THAN A MONTH IT WILL BE SEVEN YEARS.
MICHAEL NEVER SAW ONE PENSION CHECK, NOT ONE DIME.
YOU FOOLS ARE CHASING SMOKE AND WILL NEVER ADMIT YOU ARE WRONG.
TELL THAT TO TAVERAS, HE LIKES YOUR COVER.
BUT MICHAEL's WIDOW AND FOUR CHILDREN LIVE EVERY DAY WITHOUT
HIM AS HUSBAND, AND FATHER.
AS WE APPROACH THE ANNIVERSARY OF HIS DEATH AND FATHER'S DAY
MAYBE YOU ALL COULD STOP WITH THE SMALL TALK AND DO SOMETHING
POSITIVE,LIKE FIND OUT WHAT TAVERAS IS PAYING FOR FEES IN HIS
HEDGE FUNDS. REAL DATA, REAL NUMBERS AND THEN WE CAN TALK.
WE CAN TALK IN PERSON IF YOU WANT TO SEE DATA.
BUDGET MEETING COMMING UP HOW MANY OF YOU WILL SHOW UP TO TELL
TAVERAS YOU HAVE HAD IT WITH HIS LIES>??
From: Providence Pension Projection Data Raising Questions
in News
REDD RATTYOU HAVE NO IDEA WHAT YOU ARE TALKING ABOUT.
NON UNION WORKERS MAKE MORE THAN UNION WORKERS IN MANY PLACES>
SO EASY TO BLAME UNIONS WITHOUT FACTS.
I GET IT REDD RATT:
" Do not bother you with any facts,
you already have your mind made up"
VERY SAD ALL THE INTELLIGENT COLLEGE KIDS LEFT THIS STATE
AND LEFT US WITH RATT AND MATT.
HOW VERY SAD.
YOU HAVE NO IDEA HOW HARD BEING A FIREFIGHTER
AND HOW IT BEATS YOU OR KILLS YOU. ON AVERAGE OVER THE LAST 30
YEARS OUR AGE IS 65.
65 years old is the average of them all, each firefighter
each death, age 65,You need an education on the facts but
just do not care.
I HAVE THE NAMES, AGE AND DATES OF EACH DEATH
FOR ANY OF YOU WHO DARE TO STOP AND LOOK AT THE DATA.
MY Brother died at 49 years of age here in Providence, as a Fire Chief.
From: Providence Pension Projection Data Raising Questions
in News
P.S.OVER THE LAST 10 years previous to 2011,
THE CITY OF PROVIDENCE PERFORMANCE BEAT THE STATE RETURNS
ON AVERAGE OF 2%.
THAT IS AN AWFUL LOT OF MONEY ON 7 BILLION DOLLARS.
BUT IT DOES NOT MEAN WE HAVE NOT BEEN RIPPED OFF ON FEES AS WELL.
IT JUST MEANS THE STATE HAS UNDER PERFORMED BADLY.
WE ALL NEED THE REAL MUNBERS!!
KATY
STEVE D
STEVE DAY
CAROL
REDD
JAMES
WE ALL NEED THE ACTUAL FEES NOT THE STORY LINE OF I HAVE NO IDEA WHAT THE FEES ARE!!
MAYBE THAT WE CAN AGREE ON.
Stephen T. Day
From: Providence Pension Projection Data Raising Questions
in News
KATY SLOOPOK ADD:
H: SHE IS A REPUBLICAN THAT HATES UNIONS AND BLAMES THEM FOR ALL ILLS OF SOCIETY.
TOO BAD BECAUSE WE HAVE MORE IN COMMON TO STOP BEATING EACH OTHER UP AND GET BEHIND THE TRUTH WHICH WILL AID ANY REPUBLICAN CANDIDATE.
NOTE TO REPUBLICANS: TRADITIONALLY HAVE SUPPORTED LAW AND ORDER, PUBLIC SAFETY AND IN RETURN PUBLIC SAFETY HAS ALIGNED WITH REPUBLICANS.
LOOK WHAT JUST HAPPENNED IN DETROIT IN NOVEMBER. THE POLICE WERE TOTALLY BEHIND THE REPUBLICAN, WHO WON.
RAIMONO HAS GAMBLED AWAY MILLIONS AND SO HAS TAVERAS.
WE NEED TO KNOW THE EXACT NUMBERS AND ONLY AN EXPERT WILL BE ABLE TO GIVE US THEM.
I BELIEVE IT WILL SHOCK THE STATE AND THE RETIREES WHEN THE NUMBERS ARE EXPOSED.
IF THEY ARE NOT EXPOSED IN TIME BEFORE THE ELECTION THEN IT WILL BE FORGOTTEN.
YOU SHOULD SUPPORT OUR EFFORTS TO EXPOSE RAIMONDO AND TAVERAS AND YOU WIN WITH A GOOD SOLID REPUBLICAN. UNLESS A STRONG DEMOCRAT COMES ALONG.
Stephen Day
From: Providence Pension Projection Data Raising Questions
in News
KATY SLOOPNEWS FLASH: UNIONS HAVE HAD ZERO SAY WITH THE INVESTMENTS;
IT WAS TAKEN AWAY IN 1996-97.
TOTAL CONTROL WAS GIVEN
TO AN OBSCURE COMISSION THAT THE MAYOR
AND THE MAYOR ALONE APPOINTS.
TAVERAS APPOINTS ALL MEMBERS TO THE COMMITTEE AS MAYOR, AS DID CICILLINE.
SO STOP BASHING THE UNIONS. CHECK OUT THE FACTS AND ATTACK THE RIGHT PEOPLE.
From: Is the Obligation Legitimate and Should We Honor It?
in Politics
The Governor can’t find $3.25 million to begin a program to end homelessness in Rhode Island, but he has absolutely no problem finding the money to make payments with interest to the 38 Studio bondholders.Until people come forward and assume responsibility for this debacle, and explain how the decision was made, not one more dollar of taxpayer monies should be used.
I don’t think people fully appreciate how much damage this gangster Carcieri did to this state, and those who colluded with him and are still running things.
We live in a world where half the people who are celebrated should actually be sitting in prison.
From: Providence Pension Projection Data Raising Questions
in News
Stephen,I would not be so dismissive of Japan, the 3rd largest industrialized economy in the world. We actually know quite a bit about them and what happened. In 1989 they were amongst the worlds greatest savers, and, unlike our country, were able to tap into that vast domestic savings reservoir to fund their government bond sales largely themselves. Unlike us, relying on China and funny money created out of thin air.
While there were many similarities in with a real estate bubble, Japan was in many ways better positioned in 1989 than we are today, and look what happened to them. Don't think that can't happen here. It is apparent that you, like many, if not most, think we are out of the woods. I can assure you we are not. Ponder this - we have a stock market trading at all time highs. We also have a bond market trading close to all time highs. How can that be? Were that due to massive inflows of foreign captial, it would be understandable. But figures show that not to be the case. Therefore, what we have in this country right now is a situation akin to high-tide all over the world, and that is not possible. Something irrational is going on and it will not end well. How is it that all these municipal pension plans seem to have roughly the same rate of return - and they are all massively underfunded? I would be prepared for extended periods of returns in the low single digits and possibly, like Japan, negative returns. Hopefully that will not materialize, but it would be better to expect less than more.
From: Providence Pension Projection Data Raising Questions
in News
A. She Works for TAVERAS or RAIMONDO.B. She is Related to TAVERAS OR RAIMONDO.
Yeah, when hell freezes over. That is why I'm begging you to vote Republican? By the way, that list of states with the top performing state pension plans is mostly Republican states, or at least are not 90% run by democrats like RI has been for 70 years. If you want better results from you elected reps, start to elect truly different reps.
From: Providence Pension Projection Data Raising Questions
in News
I do agree that the biggest problem with the pension plan is not the annaul rate of return, but the fact that is has been so badly under-funded for many years. Who is blame for that? I don't know. I look around RI and I see almost 100% of elected seats held by democrats for the past few decades when this problem just grew and grew. Maybe the unions should have voted Republican? If you want a program with financial integrity in RI, experience should tel you that voting for Democrats is not the smart path. But you will never vote otherwise, we alllll know that. So, your pension is what you voted for, I guess.From: Providence Pension Projection Data Raising Questions
in News
"cicilline deserved everything he got"He got promoted. Is that what he deserved? Your union drove business away from Providence with picketing and threatening to picket.Why don't you answer that?
Public unions, destroying America from the inside out.The firefighters and the other public unions made this mess. Now we all get to pay for it.
From: Providence Pension Projection Data Raising Questions
in News
Donna Day Stephen Day,OK, i guess I will agree with you that the unions always supported the republican candidates for Mayor of Providence. And for Governor too, while we're at it. I didn't say a word about how the pension's Hedge Funds have performed. I don't know what annual rate of return they produced in 2011-2013. Do you know? It's you pension. You should know. How you you explain that the top state pension plans in the USA are heavy on alternative investments, aka Hedge Funds? It's not my report, read it here. Check out Missouri. It's largely hedge funds and is kicking RI pension plan's butt:
http://www.pionline.com/article/20120709/CHART01/120709936
From: Providence Pension Projection Data Raising Questions
in News
Stephen DPlease do not let KATY get you going that is her objective, say outrageous comments to deflect from the facts.
KATY SLOOP CAN ONLY PUPPET BAD INFORMATION TO SUPPORT HEDGE FUNDS.
SELECT POSSIBLE REASONS FOR KATY SLOOP MISINFORMATION:
A. She Works for TAVERAS or RAIMONDO.
B. She is Related to TAVERAS OR RAIMONDO.
C. SHE WORKS FOR A HEDGE FUND TO SEND OUT PROPAGANDA.
D. SHE HAS NO IDEA THE FEES OF HEDGE FUNDS.
E. SHE HAS NO IDEA HOW PROVIDENCE HEDGE FUNDS ARE PERFORMING.
F. SHE HAS NO IDEA HOE STATE HEDGE FUNDS ARE PERFORMING.
G. ALL OF THE ABOVE
CORRECT: G. ANSWER ALL OF THE ABOVE
Stephen T. Day
From: Providence Pension Projection Data Raising Questions
in News
first, that was the only contract that cicilline ever negotiated. It never went through. When Tavares found out how bad the city financial shape was, he asked and we gave up that entire contract. Also gave back 10%. So how exactly did we screw the city? You can't even use your own name, coward. I make no where near 60 grand by the way. And to quell other rumors, overtime is NOT included in our pension. SS is only 6.2% per week while I paid 10% with no limit. My wife's ss payment will be about $600 dollars less than my pension, and she paid much less into it. Even if I lived to 85 and had my COLA my pension would not reach 60 grand. By the way, cicilline deserved everything he got. You have no idea of what he did to us. Put in an unqualified chief, would never even speak to a union rep. So you believe what you see in the papers? Who ended up being the liar?From: Providence Pension Projection Data Raising Questions
in News
P.S. I said modest pension not "my small pension" keep your facts straight.From: Providence Pension Projection Data Raising Questions
in News
Steve, I think it was it the Governors conference you forced to move out of state because you planned on picketing the conference because you couldn't get Cicilline to give in to your demands. How much revenue did that stunt cost the businesses of Providence and Rhode Island. Cicilline gave in when he wanted to run for Congress and he screwed the people of Providence yet again...And spare us the "my small pension". You probably make over $60,000 while most people are living off $20,000 social security payments. YOU are the reason people don't like the public unions.From: Providence Pension Projection Data Raising Questions
in News
Katy, our relationship with Cianci was acrimonious in the beginning, we grew to tolerate each other. We had NO relationship with Paolino, and no contract for the 5 years he was there. You must be sniffing glue if you think for one minute we ever supported Cicilline. You do read the news don't you? We picketed him for 8 years straight. Tavares, I don't know I have been retired since 05. Since about 85% of firefighters and police officers live outside the city, how exactly did we put these people into office? And why would we sue Buddy about just what you're talking about here, if you knew the money wasn't going into the system? Buddy may have had 1033's support, since many of those members lived in the city, and many owed their jobs directly to Cianci. I was a junior in college when I applied, and was NOT from Providence nor did I know anyone from Providence. I was as stunned as anyone when I got into the school. After written test and Physical agility test. So the only time I med Buddy, is when he swore me into captain, in 99.From: Providence Pension Projection Data Raising Questions
in News
So you are saying that the unions fough hard for many years to keep Buddy in office, followed by Paolino, Cicilline, etc....but now you are saying those guys you fought to elect actually screwed you over? I guess the only lesson is, be careful who you help get elected.From: Providence Pension Projection Data Raising Questions
in News
Stephen D.If your pension was primarily invested in stocks from 2007 to 2013, then you would have seen a massive loss for a few of those years, followed by a massive gain in just the past 2 years. The DOW and S&P 500 stock index only recently returned to the 2007 levels.
Would you have been OK seeing those massive down years? The investors who had the stomach to endure those very ugly down years 2007-2010 were greatly rewarded for keeping their stocks in the market and not cashing out. I just wonder if the union members you represent would have the stomach for those scary down years?
Probably not. Therefore, you should expect an annual rate of return of maybe 3% if you invest connservatively in bonds, treasury notes and some stable value stocks.
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