It is the 23rd of May 2018

News

Forget The Phony Pension Accounting, Here's How Much Your State Pension Is Really Underfunded

The phony assumptions that go into calculating public pension underfundings in the United States are a frequent topic for us.  As our readers are aware, state pension administrators are given fairly wide leeway to simply pick a discount rate out of thin air.  Of course, since pensions are nothing but a massive stream of future liabilities that stretch out into perpetuity, every 100 bps increase can substantially, and artificially, lower the fund's reported underfunded level. 

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Obese Millennials Jeopardize America's Future: Study

A new study from the New England Journal of Medicine indicates the current obesity epidemic trends in the United States are much worse than thought. The study was published on Wednesday and already has demographers, government officials, and scientist alarmed. The sobering report finds 57.3% of the nation’s children and teens will be obese by the age of 35 if the model continues.

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Libyan Slave Markets Create Diplomatic Storm In Africa, UN Security Council To Meet

Anti-slavery protests continued across various world capitals this week, especially in countries across Africa, after earlier protests in France got violent when police used tear gas and other riot control tactics on a crowed of more than one thousand outside of the Libyan embassy in Paris. The protests are in response to last week's widespread reports of slave markets operating in various cities across Libya, and look to continue as according to Reuters a major rally is set to take place in London later this week. 

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