Month February 2010

How am I?

Flashing back from a card game, I reflect on some of the things I’ve seen. How am I compared to what?

Pensions systems on the brink

State pension funds had a $1 trillion funding gap as of 2008 (Image from Pew Center PDF.) Even with the recent rise in the stock market, things are unquestionably much worse now. For example, CalPERS, the huge California fund,reported a…