It is the 30th of March 2017

News

Trump Administration Seeks Proposals For "Physically Imposing" 30-Foot-High "Aesthetically Pleasing" Border Wall

Following months of campaign promises to build a "big, beautiful, powerful wall" on the southern border of the United States, the Trump administration has just posted bid guidelines for contractors looking to submit proposals for the multi-billion dollar project (the full RFPs can be viewed here).  Among other things, the RFP calls for a 30-foot wall that could deter a physical breach for at least 1 hour...oh, and it also has to be "aesthetically pleasing in color"...but, only on the U.S. side.   Per Reuters:

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S&P Confirms That NJ Plan To Pay 50% Of Required Pension Contributions Is Bad; Maintains Negative Outlook

Standard and Poor's credit rating analysts for the state of New Jersey, David Hitchcock and John Sugden, apparently think that funding only half of your state's annual actuarially determined contributions is a bad thing...who knew?  So, just to make sure we achieve crystal clarity here, S&P believes that adding to NJ's $66 billion pension underfunded liability, which would be much higher but for a ridiculous assumption the state makes in setting its return on assets at an artificially high rate of 7.65%, each and every year by contributing less to the fund than what is paid out in benefits, is a bad thing?

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