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Democrats vs. Government Unions
If late House Speaker Tip O’Neill’s famous saying that all politics is local has a corollary, it may be that politics is at its most…
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“I’ll Gladly Pay Future Generations for my Pension Check Today”
“I’ll gladly pay you Tuesday for a hamburger today” was the trademark utterance of J. Wellington Wimpy, the mooching character from the old Popeye cartoons.
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CalPERS: It Came from Sacramento
“Heads I win; tails you lose.” That essentially sums up the relationship the California Public Employee Retirement System (CalPERS) has long enjoyed vis-à-vis the Golden…
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Moody’s $2 Trillion Public Pension Shortfall Estimate Highlights Need for Better Pension Accounting Practices
In a new report, Moody’s estimates the nation’s largest pension funds face a $2 trillion taken together. That’s a lot of money. But as significant…
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CalPERS Abandons “Hail Mary” Investment Strategy – About Time
CalPERS knows when to fold ‘em. The California Public Employee Retirement System, the nation’s largest public pension fund (and one of the world’s largest), announced…
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Harris v. Quinn Gives Home Care Workers Renewed Opportunity to Get Back Compulsory Dues
When you can’t win, change the players. That was essentially the strategy pursued by government employee unions in recent years. This week, it came to…