“Over the last year, 18 states have proposed or adopted state legislation or regulation limiting the ability of the state government, including public retirement plans, to do business with entities that are identified as ‘boycotting’ certain industries based on environmental,… Continue Reading →
Awareness of embedded bias in US institutions, both public and private has emerged again, at this point in history; perhaps the result of George Floyd’s murder and the Black Lives Matter movement; perhaps the emergence and growth of ESG (environment,… Continue Reading →
Seen on a t-shirt: Doc Brown, standing in front of his time travel DeLorean says to Marty McFry: “Above all, don’t go to 2020!” (a take on the movie, Back to the Future, 1985) We quote this not to sidestep… Continue Reading →
As the parable goes, a frog in a kettle of boiling water won’t notice that it’s getting hotter and hotter until it’s too late and then he’s dead. I see at least three “frogs” at varying levels of boil: retirement… Continue Reading →
We’ve expounded before on the transformation of employment in the U.S. in our June 3, 2019 blog and today’s figures continue the trend in movement towards more lower-paid service-providing jobs and away from manufacturing/goods producing. Two observations we would like to comment on today. First, in the municipal market, “new… Continue Reading →
Public Pensions Consider this: you are saving for retirement and you have $100 in your pocket earning 7.25% interest. (We use that rate reported by the National Association of State Retirement Administrators, NASRA, as the current average, down from 8%.)… Continue Reading →
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