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Seattle’s "Actuarial Valuation" of City Pension Plan Sinks to 62% Funded; I say it’s Far Worse
07/10/2010 – 11:18 am PDT | No Comment

A new Seattle report says the city will have to increase pension contributions to keep its plan solvent. Please consider Seattle’s retirement investments plunge deeply.
The City of Seattle will have to substantially …

No Garden-Variety Public Pension Crisis?
07/10/2010 – 11:00 am PDT | No Comment

Andrew G. Biggs of the American Enterprise Institute writes, No Garden-Variety Public Pension Crisis (HT: Bill Tufts):

I’ve been thinking about New Jersey’s troubled public pension funds lately, as part of collaboration with the …

No Garden-Variety Public Pension Crisis?
07/10/2010 – 11:00 am PDT | No Comment

Andrew G. Biggs of the American Enterprise Institute writes, No Garden-Variety Public Pension Crisis (HT: Bill Tufts):

I’ve been thinking about New Jersey’s troubled public pension funds lately, as part of collaboration with the …

RPI or R.I.P. British Pensioners?
07/10/2010 – 8:05 am PDT | No Comment

Macer Hall of the Express reports, Millions facing 25% Cut in Their Pension:

A revolt was growing last night over a swingeing “stealth cut” in private ­pensions that could cost savers about £800 a …

UK Roundup: Average Salaries Drop; IMF Downgrades Forecast; Pension Plans Forced to Address Liabilities; Home Prices Drop
07/10/2010 – 1:00 am PDT | No Comment

Things look pretty grim for the UK judging from a series of articles by the Daily Mail. Let’s take a look.
Average Salaries Drop
Workers pay the penalty for recession as average annual salary drops £2,600 in …

RPI or RIP British Pensioners?
07/09/2010 – 6:45 pm PDT | No Comment

Macer Hall of the Express reports, Millions facing 25% Cut in Their Pension:

A revolt was growing last night over a swingeing “stealth cut” in private ­pensions that could cost savers about £800 a …

Anecdotes from Florida - "Hell is on the Way"
07/09/2010 – 1:54 pm PDT | No Comment

Charlie, a Florida vendor, had a few comments regarding vendor sales. From Charlie …
Hello Mish,
“That’s all folks” is correct and right on the money.
I have a vending business here in Florida. I service manufacturing and …

Paul Krugman on Stimulus
07/09/2010 – 1:30 pm PDT | No Comment

Here is some interesting listening from Wednesday’s On Point with Tom Ashbrook featuring economist Mark Zandi, WSJ reporter Sudeep Reddy, a couple of political junkies and finally Paul Krugman.
The portion of the segment that I …

Three Mish Segments on Tech Ticker, on Stimulus, Retail Sales, the Markets, Alternatives
07/09/2010 – 11:54 am PDT | No Comment

Yesterday I recorded three segments on Tech Ticker from downtown Chicago, hooking up with Joe Weisenthal at Nasdaq.
From Yahoo!Finance Michael “MISH” Shedock: Stimulus Will Fail Like It Always Does
There’s no hotter debate right now than …

Three Mish Segments on Tech Ticker, on Stimulus, the Markets, Alternatives
07/09/2010 – 11:36 am PDT | No Comment

Yesterday I recorded three segments on Tech Ticker from downtown Chicago, hooking up with Joe Weisenthal at Nasdaq.
From Yahoo!Finance Michael “MISH” Shedock: Stimulus Will Fail Like It Always Does
There’s no hotter debate right now than …