You are here

next

Another Liberal Governor Demands His State's Pension Abandon Fiduciary Duties, Sell Fossil-Fuel Investments

Another Liberal Governor Demands His State's Pension Abandon Fiduciary Duties, Sell Fossil-Fuel Investments

As if public pension managers around the country weren't having enough difficulty digging themselves out of their massive $3-$5 trillion funding gap, the chorus of liberal governors suggesting they should recklessly abandon their fiduciary obligations to future retirees and choose investments not on their financial merits but rather based on the political preferences of clueless politicians is growing stronger by the day.  As Pensions & Investments points out today, New York Governor Andrew Cuomo is the latest such politician to jump on the bandwagon after suggesting that the New York S

A Gift From The Oldies

A Gift From The Oldies

By Chris at www.CapitalistExploits.at

I bumped into a friendly bloke at my local gym last week. Jim is his name.

Jim tells me he just started because, and I quote, "my doctor says I'm going to die unless I do something".

Now, I assure you it doesn't take a doctor to figure this out.