A recent article described the condition of the Michigan State Employees pension plan. This from the article[1] (emphasis added):
Michigan’s major government pension funds are underfunded and will require billions for the foreseeable future just to begin catching up. But some argue that multiple years of solid investment growth will eliminate this problem. While nothing would alleviate pension problems like a few years of solid returns, it is unlikely that such sufficient growth will occur. Continue reading →
In a move that made historical scholars cringe, the Greek culture ministry recently announced that it would make some ancient Greek landmarks and archeological sites to advertising firms and even demonstrators. This from an article published in “France 24”[1] (emphasis added): Continue reading →
I’ve been doing some consulting work with a financial professional who bases much of his economic forecasting on demographics. That drew my attention to this article published on “Echo-Boomers” or the children of baby boomers. Given the current state of the economy, I thought I’d share some potentially good news about the economic future of the United States with you. Here’s an excerpt[1] (emphasis added): Continue reading →
The Bank of Italy is forecasting an economic contraction for 2012 according to an article published in “France 24” last week. This from the article[1] (emphasis added):
The Bank of Italy forecast Tuesday an economic contraction of between 1.2 and 1.5 percent this year depending on borrowing costs, a much sharper decline than the government’s estimate of 0.4 percent. Continue reading →
As a self-professed political atheist, holding no allegiance to any particular party given that many of the things that used to differentiate the two parties from one another are now gone in my opinion, I now look at the news regarding politics from an economic perspective. I have to admit that I have been disappointed as to how little monetary policy has been discussed in debates up to this point, with the debate moderators instead looking to ambush candidates by asking them questions that aren’t all that relevant to the campaign and the economic issues facing the country and the world today. Continue reading →
