“We overpromised” says the head of a pension reform group, and this may well be true. The amount being paid into the California State Teachers Retirement System (CalSTRS) by teachers, schools, and the state cannot possibly meet the amount that will be owed in the coming years. But the real problem for California is that [...]
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All that protest in the streets, with blocked streets and shut-down ports, has accomplished precisely nothing. The French Senate just passed a law raising the pension age from 60 to 62. Symbolic protests in the streets accomplishes very little now. The police know how to isolate it, the media often ignores it, and politicians simply [...] |  | ||||
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