California Governor Jerry Brown wants to put off dealing with teacher pensions until his re-election campaign is safely over. But if nothing changes, the state will be on the hook for up $600 billion in debt.
Citing the city’s unfunded pension liabilities, Moody’s has downgraded Chicago’s credit rating to three steps above junk. And recent cosmetic budget fixes notwithstanding, the State of Illinois’s public pension outlook isn’t much better.
Enemies, rivals, and even allies of the United States are closely watching how President Obama deals with the Ukraine crisis. This is a serious test for U.S. leadership and credibility around the world.
The West is debating whether to sanction Russia over Ukraine, but a secret British memo accidentally revealed to the press shows us that the financial industry will likely resist anything that cuts into their business interests.
America has a glut of underemployed PhDs and a lot of students who are struggling to find the time and money to go to college. Sounds like a match made in heaven.
Democrats and the MSM love to quote Warren Buffett’s predictions when they back up lefty causes. Now that Buffett is warning of the coming public pension disaster, their enthusiasm for the Oracle of Omaha is drying up.
More than 150 Nigerians died to Islamist militants and government forces last week. The campaign against Boko Haram is growing more violent daily, and there is a real danger that it will spread beyond northern Nigeria.
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We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.