Friday, August 22, 2025
How Kentucky Tried to Make the Country’s Worst-Funded Public Pension Plan Even Worse
Many public pension funds are in a very deep underfunding hole, and too many are resorting to high fee investment strategies that at this point in the cycle are costly hopium. Gordon Hamlin, a pro bono advier to public pensions, sets forth a strategy for the most deeply underfunded state pension, the Kentucky Retirement System.
Why We Need New Measures of Potential Output—and What They Tell Us
Economists and policy makers are waking up to the fact that estimates of what is possible in the economy – “potential output” – are way off: this paper explains why.
“There Is No Alternative” to Managing the Economy and the Climate
Why the US needs to embrace an industiral policy to combat climate change.
2:00PM Water Cooler 5/15/2019
Today’s Water Cooler: Boeing and China, Biden, Sanders, Trump, party affiliation, Socialism at Brookings, Stacey Abrams, retail sales, industrial production, manufacturing, SuperMicro, FaceBook, Boeing stiffs Congress on documents, Wood-Wide Web, Game of Thrones, homelessness, J.D. Vance.
British Government Passes the Buck to Sweden Where the Military Offense Exclusion Protects Julian Assange From Extradition to the Us
The UK looks likely to welcome to pass the Assange hot potato to Sweden….which could turn out to be a lucky break.
”Who Says Violence Doesn’t Solve Anything?” A Review of Radicalized: Four Tales of Our Present Moment by Cory Doctorow
Radicalized presents uncomfortable truths about the neoliberal vise.
How Deep Is Boeing’s Hole?
A favorite saying of famed short seller David Einhorn is, “No matter how bad it looks, it’s worse.”. This appears particularly true of Boeing these days.
China-US Trade War Heats Up: 3 Reasons It Won’t Cool Down Anytime Soon
Why the US and China are gridlocked on trade.
2:00PM Water Cooler 5/14/2019
Today’s Water Cooler: Biden, Bullock, de Blasio, O’Rourke, Sanders, legitimacy and the DNC, Sunrise movement, import and export prices, small business optimism. influencers, Uber, Adobe, coal ash, the Mississippi, California wildfires, Adolph Reed, Bruce Lee, “Everything’s Going According to Plan”
Working on Cloudflare’s Captcha Hell
Cloudflare doesn’t seem terribly interested in addressing a “captcha hell” that almost certainly originates with them, so please be patient while we work on seeing if we can change settings to make things more tolerable.
SEC to Relax Audit Requirements for Small Companies, Thus Facilitating Future Accounting Fraud
SEC proposes relaxing internal control attestation requirements for companies with annual revenues of less than $100 million.
Facebook’s Finance Fantasy Island Dreams
Facebook wants to become a big payments system player. Good luck with that.
