With public and private sector debt mounting, bonds make up almost 41 percent of cash in pension funds, according to the report. Pension cash consists mainly of Corporate Bonds, Federal Securities, International Securities, State and Local Securities, and Corporate Stocks. Debt is a major contributor to public pension funds.
Archive | July, 2010
By David P Shirk Move over 50 cent and Eminem, for a new music/ audio sensation is out that has just replaced you in the ‘let’s scare the parents’ category! What can be worse than songs advocating anything from drug use to violence you say? Check it out man – it’s called ‘digital drugs’! It […]
By David P Shirk In the mid 1700’s, there lay on a new continent clusters of colonies from many countries populated by many different people. Some were there as outcasts from their parent nation, and some to escape tyranny or oppression. Some came seeking to make a new life, and some in service of another. […]
When a government chooses to separate itself from its people, the people retaliate by delivering an ultimatum for it to shape up or be renounced. If the ultimatum is unheeded, and government signs the divorce papers, it is then made clear that the people will either fall in line or be penalized. At this point […]
The following letter is in response to UCB School of Law Dean Christopher Edley’s op-ed: Christopher Edley’s proposal (“Let Treasury Rescue the States,” July 7) fell short of a realistic solution to current fiscal hurdles. In claiming that states could pay back the U.S. Treasury by accepting less future federal dollars, Edley failed to address […]
The following is an op-ed that was published in my local newspaper. You can find the original link here. Column – Clint Townsend: G-20 needs market solutions 07/04/10 MIDLAND, Mich. – President Obama promised world leaders at Toronto’s G-20 summit to increase global demand, largely building on the same promise from former G-20 meetings in […]