Currently viewing the tag: "hedge funds"

While it’s pretty much common knowledge that Ohio’s junior Senator, Rob Portman, has millions of dollars coming into his reelection campaign from billionaires who don’t live in the state, a recent report has emerged that breaks down some of the murky (and unflattering) details about how this is being done and who it benefits.

The report, conducted by an advocacy group called Hedge Clippers — a coalition of policy, labor and grassroots organizing groups — details how “vulture capitalists” from Wall Street have destroyed companies and killed jobs in Ohio, and want to do more of the same, all while […]

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Lost in the fray of what is probably the craziest election year ever, is a recent report about the health of Ohio’s public pension systems — one that should probably cause any Ohioan paying into those systems a bit of concern.

As outlined in an article by John Damschroder, a former member of Gov. George Voinovich’s administration no less, Ohio’s public pension systems are currently “sinking in the quicksand of terrible investment returns and ultra high expenses.”

According to Damschroder, “Ohio relies on secretive alternative investments more than any state in America” and because of this, the state’s five public pensions ended […]

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