Month March 2011

CalPERS releases disturbing report

In the wake of cratering pension fund returns and the filing of lawsuits against two former top employees, CalPERS, the giant California pension fund, commissioned a report by D.C. law firm Steptoe and Johnson. The report is scathing, saying former…

Governmental derangement syndrome. #2

Napolitano: Border security ‘better than ever.’ Mexico border towns safe to do business in. What planet is Napolitano on? I suggest she take time out from her oh-so busy schedule of living inside the DC bubble and issuing bizarrely optimistic…

Governmental derangement snydrome. #1

Japan PM says nuclear crisis not worse but advises wider evacuation. The real questions there are 1) Is the government in control or just a lackey of Tepco, and 2) Is Tepco more concerned with saving their investment in the…