by meep
One of the reasons I’m doing this “classics” series on Fridays (other than it cuts down some of the blogging work) is that some things I wrote years ago are being proved true by reality. Amazing how that happens.
Some of these posts, like the following, aren’t that old… but because...
by meep
The timing on this is interesting.
I will start with the op-ed from the CIO (chief investment officer) of Calpers, the largest pension fund in the U.S.
WSJ op-ed from Ben Meng, CIO of Calpers: Calpers Prepares for the Long Haul
Market turmoil has thrown...
by meep
Yes, I’m working on a couple more “States Under Fiscal Pressure” posts — notably, Chicago [yes, I know it’s not a state] and Connecticut.
The posts so far:by meep
I should probably do these as two separate entities, but the finances of NYC do drive the state [whether it should is a question, but not for now], so I will combine stories on both.
The rioters and looters in NYC did cut down on attention to the...
by meep
I will be getting back to the states and cities under fiscal pressure series (and with rioting/looting, they have even more pressure).
However, I want to address the “defund police” slogan [which is very poorly defined, but that’s not my problem to untangle). In a discussion involving that...
by meep
Back in 2017, New Jersey decided to make the state lottery an “asset” for the pension plans.
As noted in yesterday’s post, it looks like the NJ Lottery took a hit, just as New Jersey needs more money for the pensions. [Hmm, ain’t that the way.]
So let me...
by meep
I have a lot of states I could continue to cover with their fiscal pressure due to COVID (and now rioting/looting).
I was considering doing either New York or Connecticut next, because I pay a lot of taxes to both states. And yes, I have heard plenty from both...
by meep
In yesterday’s post, I ended with some coverage from the California Supreme Court case regarding some changes to what’s included in a pension formula.
I will repeat part of what was in yesterday’s post.
P&I Online: California High Court Hears Pension Reform Arguments:
The California Supreme Court is expected to issue...
by meep
As mentioned before, I get emails (marypat.campbell@gmail.com) — and, unlike others, I do like getting emails correcting me on facts. I’m also fine with emails differing with me re: opinions, but facts are important because I like being right.
For me, being right isn’t about getting it right the first...
by meep
I get email (marypat.campbell@gmail.com) – and often, it gives me a chance to revisit and sharpen an argument.
Excerpts from the email sent to me:
“If there is a court-supervised process, as with Detroit’s massive municipal bankruptcy that means all creditors will have to see cuts. Including pensioners.”
If I understand correctly, the...
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