According to the Center for Retirement Research at Boston College, in The Funding Status of Locally Administered Pension Plans by Alicia H. Munnell, Jean-Pierre Aubry, and Kelly Haverstick, US state and local governments have suffered estimated pension losses of $865.1 billion for the 14 months ended Dec 16. This represents a 37% decline over that period.
The report states: “To return to 2007 actuarial funding levels by 2010, the 109 funds would need annual returns of 52% on assets.”
June 4, 2004
John D. Hawke, Jr.
Comptroller of the Currency
250 E. Street, SW
Washington, DC 20219
Dear. Mr. Hawke:
An essential step in protecting the integrity of the regulatory process is suppor…
By Daniel Tencer
In what will likely be seen as something of a Freudian slip by the US Secretary of State, Hillary Clinton said recently in a Mexican news interview that the United States cannot le…
Step One: Rinse and prepare your fruits and vegetables for juicing.
Step Two: Juice all fruits and vegetables and combine in one container.
Step Three: Share and enjoy!
Recipe:
8 green apples
2…
(Photo Credit: Jon Berkeley)
By The Economist
Business power follows economic power. In the 1920s British firms owned 40% of the global stock of foreign direct investment. By 1967 America was top d…
The New York Fed: The Discount Window
The Fed: The Scope of Monetary Policy Actions Authorized Under the Federal Reserve Act
—Thanks to The King Report for pointing these out.
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