Submitted by the TREND letter on Sat, 09/27/2014 - 09:13
The 25 largest U.S. public pensions face about $2 trillion in unfunded liabilities, showing that investment returns can’t keep up with ballooning obligations, according to Moody’s Investors Service.
The 25 biggest systems by assets averaged a 7.45 percent return from 2004 to 2013, close to the expected 7.65 percent rate, Moody’s said in a report released today. Yet the New York-based credit rater’s calculation of liabilities tripled in the eight years through 2012, according to the report.
Submitted by the TREND letter on Sat, 09/27/2014 - 08:53
FBI director James Comey, has come out swinging at Apple and Google for developing forms of smartphone encryption so secure that law enforcement officials cannot easily gain access to information stored on the devices.
Submitted by the TREND letter on Wed, 09/24/2014 - 15:34
(from the Washington Post)....
After the terror attacks on Sept. 11, 2001, the government called on police to become the eyes and ears of homeland security on America’s highways.
Local officers, county deputies and state troopers were encouraged to act more aggressively in searching for suspicious people, drugs and other contraband. The departments of Homeland Security and Justice spent millions on police training.
Submitted by the TREND letter on Wed, 09/03/2014 - 08:09
One of our paid subscribers sent us a note showing how poorly a couple of the other investment newsletters that she subscribes to are performing. In both publications, over 30% of their current and closed positions were in the red, and most of those were down by over 30%.