Great piece in Real Clear Markets today by Manhattan Institute scholar Diana Furchtgott-Roth on the growing state pension crisis across America. This was an issue prominently raised in 2010 by a friend and former client Harry Wilson when he was running for New York State Comptroller. In short, the amount cities and states owe their retirees […]
Read the rest of this entry »Falling Stock Prices Mean Higher Property Taxes
The tanking stock market spells bad news for millions of individual and institutional investors, but its effects will be felt by everyone if the market fails to rebound quickly. Nowhere will the losses be felt harder that in public pension funds, which are heavily invested in Wall Street. State pension funds, which are estimated to […]
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