December 16, 2010 – carolinajournal.com Carolina Journal Exclusive Public Employee Pension Debt Explodes By Karen McMahan RALEIGH — If government officials were forced to apply the same uniform accounting methods that private pension plan administrators must use to calculate liabilities, experts say the funding shortfall would be five times greater than the amount being reported […]
John Locke Foundation Morning Update Read More »
. No Bailout For California by Joseph Farah Nov 2010 EXCERPT FROM THIS ARTICLE: California actually sent more Democrats to Washington in 2010 than they did in 2008. How bad was it? One state Senate race in particular kind of illustrates California’s political myopia — the one in which Democratic candidate Jenny Oropeza defeated Republican
IT’S TIME FOR SOME TOUGH LOVE FOR CALIFORNIA Read More »
Home About Me Contact Me December 4, 2010 INDUSTRIAL GIANT GE GETS FED MONEY? This week the Federal Reserve released documents showing who they assisted during the peak of the financial crisis in late 2008 early 2009. A surprise to many was to find the industrial giant GE on the list and that they borrowed
THE ROCHE RECORD – FRANK ROCHE, ECONOMIST Read More »
DECEMBER 1, 2010 Italy, Spain See Bonds Sink, Portugal Faces Rating Cut as Faith in Rescue Ebbs By MARCUS WALKER And BRIAN BLACKSTONE Agence France-Presse/Getty ImagesIn Rome, students protesting spending cuts clashed with police Investors dismissed European leaders’ latest attempt to restore market calm, raising doubts about whether governments can rebuild confidence in the region’s
EUROPE’S CRISIS WIDENS Read More »
NOVEMBER 26, 2010 Harbinger in Hamtramck The bankruptcy lesson from a Detroit suburb. More bad news out of Michigan: Facing a $3 million deficit on its $18 million budget, the Detroit suburb of Hamtramck is seeking permission to file bankruptcy. Other towns may not be far behind. Hamtramck suffers from high unemployment and falling income,
DETROIT SUBURB FACING POTENTIAL BANKRUPTCY Read More »
