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Olduvai III: Catacylsm
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New Jersey Prepares To Raise Taxes On “Almost Everything” As It Nears Financial Disaster

New Jersey Prepares To Raise Taxes On “Almost Everything” As It Nears Financial Disaster Last week we noted that in what was a radical U-turn to what other public pension funds have been doing in recent years – most notably Calpers  – the struggling New Jersey public pension system decided that instead of lowering its […]

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“CalPERS Is Near Insolvency; It Needs A Bailout Soon” – Former Board Member Makes Stunning Admission

“CalPERS Is Near Insolvency; It Needs A Bailout Soon” – Former Board Member Makes Stunning Admission Two weeks ago, in the aftermath of the February 5 volocaust, we quoted David Hunt, CEO of $1.2 trillion asset manager PGIM, who said ignore the volatility spike, the real financial timebomb was and remains public pensions: “if you […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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