Day November 1, 2008

Pension funds facing major losses

Major public pension funds have taken severe losses. Many are down 20% or more. CalPERS, the largest in the nation, managed to lose $40 billion, about 20%,  since July and their public pension benefits are guaranteed by law. A huge…

DHS to monitor blogs to stop terrorists

Specifically, DHS wants to monitor blogs looking for evidence of terrorists about to use IEDs (improvised explosive devices.) They will also examine message boards, Twitter and online games. Um, if you were going to blow something up, would you blog…