If You Thought It Couldn’t Get Any Worse For Chicago …
This is the second post in a week on Chicago’s epic financial train wreck. That’s a lot of attention and it probably won’t happen again,
This is the second post in a week on Chicago’s epic financial train wreck. That’s a lot of attention and it probably won’t happen again,
When you see that Italy’s debt is rising, the logical question is, who the hell is dumping good money after bad into such an obviously
Yesterday an entire California town burned down. Paridise, CA has (had) 27,000 residents and over 1,000 buildings, and now it’s pretty much gone. A fire
The “public pension crisis” is the kind of subject that’s easy to over-analyze, in part because there are so many different examples of bad behavior
“War” and “pensions” are conceptually about as different as it’s possible to be. But – in a measure of how far into Crazy Town we’ve
It’s been a long time coming, but Illinois’ slow-mo financial disaster is now front page news. A few recent examples: Roadwork Could Shut Down Across
Doing the right thing is hard for both individuals and their governments. Name the goal – maintaining a healthy weight, paying off high-interest credit cards,
Last year the California Public Employees’ Retirement System, otherwise known as Calpers, cut the expected return on the funds it invests for plan beneficiaries from
It’s the same story pretty much everywhere: Cities and states promised ridiculously generous (by today’s standards) pensions to teachers, cops and firefighters, failed to sufficiently
Years (actually decades) ago I lived in a New York University grad student dorm that housed mostly elite kids from other countries. Sons of African
Most people learn by the age of 10 or so that making promises is easier than keeping them. That’s why really big promises like corporate
One of the things that separate the “rich” world from the rest of humanity is the expectation that a lifetime of work is rewarded with
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