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Quote du Jour
“All political power comes from the barrel of a gun. The Communist Party must command all the guns; that way, no guns can ever be used to command the party.”
– Mao Zedong
CalPERs: Something Does Not Add Up
By Ed Mendel
The CalPERS chief actuary says pension costs are “unsustainable,” and the giant public employee pension system plans to meet with stakeholders to discuss the issue.
So, are the critics …
The 10 Most Affordable Housing Markets
Affordable Housing Exists, If You Know Where to Look
By Prashant Gopal – BusinessWeek (4 Sep 2008)
1. Indianapolis-Carmel, Ind.
Median home price: $108,000
Median household income: $65,100
Share of h…
Split in Economy Keeps Lid on Prices
By Jon Hilsenrath and Justin Lahart
The pace of consumer price increases in the U.S. is quickening after being dormant for months. But a tug of war between the prices of goods and the prices of ser…
GM Crops Go to US High Court
By Matthew Berger
The U.S. Supreme Court will hear arguments Tuesday in its first-ever case involving genetically modified crops. The decision in this case may have a significant impact on both the…
Seniors Will Soon Outnumber Kids
By Richard Gray
By Ed Pilkington
The world is about to cross a demographic landmark of huge social and economic importance, with the proportion of the global population 65 and over set to outnumber…