Pensions
John Hill’s Providence Journal article about Woonsocket’s deficit problem contains two important lessons … The first lesson is that everybody who’s interested in these topics should read the Ocean State Current. An article here from last May explains the problem … … the second lesson of the article: The public is being poorly served by…
Government’s corrupt pension handling; the discount rate scam; fighting off the zoning inspector; government peeking doesn’t count as privacy invasion. Continue reading on the Ocean State Current…
… that, slightly rephrased, was the reaction via Twitter last night of John Ward to the news that Superior Court Judge Sarah Taft-Carter on Tuesday ordered the state and the coalition of public employee unions challenging the General Assembly’s overhaul of their retirement system to meet with federal mediators and see if a settlement can…
Explaining Rhode Island’s decline in four brief sections: legal process, the economy, the media, and fashionable graft. Continue reading on the Ocean State Current…
Critical thinking sexism in Providence schools; a masculine career in disability; indoctrination; gambling on the law; an earnest pun. Continue reading on the Ocean State Current…
4:04 p.m. With my second fortunate parking experience in Providence this week, having found a parking meter that was already almost at 2 hours time, I’ve settled in for a rousing discussion of municipal pensions at Brown University’s Salomen Center, hosted by the Taubman Center for Public Policy. Continue reading on the Ocean State Current…
The narrative of the candidates; death panels and pension boards; the endgame of government debt; an enemies list. Continue reading on the Ocean State Current…
Days off from retirement in Cranston; the conspiracy of low interest rates; sympathy with the Satanic Verses; the gas mandate; and the weaponized media. Continue reading on the Ocean State Current…
Early in the summer, Rhode Island General Treasurer Gina Raimondo announced that the state had invested $900 million of its pension assets in hedge funds. The decision was actually made in the middle of last year, in response to an asset liability study, treasury spokeswoman Joy Fox tells the Current. At that point, the treasurer began…
About a month ago, I presented a comparison of estimates for the nation’s public-sector pension problem. While none of the results were encouraging, there was huge variation in the degree of frightfulness — the difference mainly being in the way in which they calculate liabilities. One of the economists, Andrew Biggs, of the American Enterprise…
