Social Issues

The California Policy Center (CPC) has just updated it's annual study on pension contributions required from local California municipalities and, to our complete 'shock', the conclusions are brutal for Cali taxpayers.  Among other things, the study found that California taxpayers will be forced to double their contributions to CalPERS over just the next 5 years alone from $5.3 billion in 2017/2018 tax year to $9.8 billion in 2022/2023.

Authored by Lance Roberts via RealInvestmentAdvice.com,

Last week, I discussed the primary issue that has led to the “Unavoidable Pension Crisis” in America. To wit:

Pension Crisis In U.S. and Globally Is Unavoidable

by Lance Roberts

There is a really big crisis coming.

Think about it this way. After 8 years and a 230% stock market advance the pension funds of Dallas, Chicago, and Houston are in severe trouble.

But it isn’t just these municipalities that are in trouble, but also most of the public and private pensions that still operate in the country today.

Authored by The College Fix,

On Friday about 40 protesters at Iowa State University demonstrated against the school’s use of prison labor “to acquire furniture.”

According to the Iowa State Daily, the group ISU Student Action organized the event because “prisoners may be paid as little as 15 cents per hour” … apparently not considering the fact that these laborers are incarcerated.

On Friday, Sweden became the latest European target of terrorism after a man plowed a hijacked beer delivery truck into a crowd in central Stockholm, killing five people and wounding more than a dozen (we covered the situation here:  "Swedish Police In Manhunt For Terrorist Truck Driver Who Killed Five").