The Dallas Police and Fire Pension System’s Board of Trustees suspended lump-sum withdrawals from the pension fund Thursday, staving off a possible restraining order and stopping $154 million in withdrawal requests.
The system was set to pay out the weekly requests Friday. Pension officials said allowing the withdrawals would leave them without the liquid reserves required to sustain the $2.1 billion fund.
Last week we showed that the 10Y was on the cusp of breaking out above the most critical trendline of this decade. Well, following today’s largely illiquid surge in the dollar and selloff in the Treasury complex, briefly halted by the steller 7Y auction mid morning, the trendline has been officially broken.
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Time For Truth: (Zero Hedge) – The Most Important Bond Trendline Is Broken: "Now It Gets Interesting"
A police officer has undergone potentially lifesaving surgery after he was shot in the head while on duty near a college in downtown Detroit.
Collin Rose, 29, was shot just a few blocks from Wayne State University about 6.45pm on Tuesday, and was then rushed to the Detroit Receiving Hospital for surgery.
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Time For Truth: (Daily Mail) – Cops fear copycat attacks across the U.S. after a FIFTH officer is shot in three days
Some Venezuelan city dwellers are trying to grow their own produce to offset the country’s severe shortages following socialist President Nicolás Maduro’s calls for “food sovereignty.”
But in a country where families are going hungry as a result of government mismanagement and sky-high inflation, many view the “Great Agro-Venezuela Mission” with skepticism.
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Time For Truth: (The Washington Post) – Venezuela is telling hungry city dwellers to grow their own food
In a bid to put the issue of illegal immigration back into the presidential debate, outspoken critic Sen. Jeff Sessions on Monday issued a “Critical Alert” warning of a potentially historic surge of over the border.
“We are simply overwhelmed,” his statement said. In it he estimated the Fiscal Year 2016 illegal crossings at 817,740.
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Time For Truth: (Washington Examiner) – Sessions: 'Critical alert,' 817,740 illegals crossed last year