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Business & Economics PRESS ROOM |
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Pension funds should get real on rate of returns
Submitted by Steven Greenhut on 8.30.2011
When the taxpayer is backing up the entire liability for the pensions received by members of the California Public Employees Retirement System, then CalPERS officials are exuberant about the stock market. They insist that a predicted rate of return of 7.75 percent is perfectly realistic.
Pension plan embraces absurd double standard
Submitted by Steven Greenhut on 8.30.2011
California Public Employees Retirement System, then CalPERS officials are exuberant about the stock market. They insist that a predicted rate of return of 7.75 percent is perfectly realistic. But when their own funds are on the line, CalPERS can be extremely conservative as it embraces one of the lowest annual return rates imaginable: 3.8 percent.
Taxpayers Pick Up NYC's $6B Lawsuits Bill
Submitted by Lawrence J. McQuillan, Ph.D on 8.22.2011
New York City doled out an astounding $6 billion in judgments and settlements in 10 years, some for bizarre claims of injury resulting from biting in a kindergarten classroom, tripping in a Lincoln Center parking lot, and slipping on bus steps, according to the New York Post.
Villaraigosa wants more of what doesn't work
Submitted by Steven Greenhut on 8.22.2011
Los Angeles Mayor Antonio Villaraigosa's speech Tuesday at the Sacramento Press Club left many reporters wondering what the mayor is doing and what he is running for next. It seems odd for an L.A. mayor to fly to Sacramento, give a speech detailing a so-called "grand new vision" even as his city flails amid a budget mess caused by the oldest of reasons – government overspending.
The Federal War Against Medical Technology
Submitted by Benjamin Zycher, Ph.D on 8.19.2011
At about $75 billion annually, U.S. private-sector investment in medical technology is substantial, and a large body of research demonstrates that the economic returns to these investments are enormous. But emerging federal policies are likely to create powerful disincentives for the research and development of medical innovations, in particular, pharmaceuticals and medical devices and equipment.
Unfounded fears threaten energy success story
Submitted by Lawrence J. McQuillan, Ph.D on 8.19.2011
Researchers at MIT recently forecast that natural gas production from five American shale reserves would double in five years and triple in 20. These U.S. sources of gas can transform America's energy outlook, provided lawmakers don't interfere with the process.
The Latest ObamaCare Assault On Health Care Innovation
Submitted by Sally C. Pipes on 8.16.2011
The list of health services that ObamaCare requires all insurers to cover without co-pays or deductibles keeps growing. The latest additions include an array of “women’s wellness” services and products: birth control, breast pumps, domestic violence counseling, and more.
Big deficits and easy money have failed
Submitted on 8.15.2011
Investors around the world are rattled at the recent plunges in the U.S. stock market. Keynesian pundits predictably blamed our economic woes on the (nonexistent) austerity measures in the recent budget compromise, saying we just need more deficits and a looser Federal Reserve. But in reality, it is unprecedented budget deficits and money-creation that have dug us into this hole.
Police beating sparks needed national debate
Submitted by Steven Greenhut on 8.15.2011
The latest cheesy TV cop series, "Against The Wall," is about a Chicago woman from a family of police officers who becomes a detective in the department's internal-affairs unit. This causes outrage among her police brothers and dad, who view internal oversight work as treasonous. The trailer is filled with predictable tough-guy rhetoric about police taking care of their "own" and not ratting out each other.
Removing Politics from Politics
Submitted by Steven Greenhut on 8.12.2011
An investigation last month by CalWatchDog.com, which I edit, revealed that at least one of the 14 commissioners in charge of drawing new district lines for California’s elected representatives had made multiple political campaign contributions to Democratic candidates—contributions that were previously undisclosed to the California Citizens Redistricting Commission.
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Total Records: 15
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