Social Issues

A few days ago we highlighted the reckless efforts of the San Francisco Board of Supervisors to force their city's pension managers to ignore their fiduciary duties and dump nearly $500 million worth of energy stocks.  Of course, the pressure to sell had nothing to do with financial projections, trading multiples or discounted cash flow analyses but rather was a blatant and irresponsible attempt to push the board's political agenda irrespective of the ultimate financial consequences such actions might have to pensioners and tax payers (see: What Fiduciary Duty?

Content originally published at farleftwatch.com

In a Thursday, September 14th article from The Hill titled “Antifa activists say violence is necessary“, author Katie Bo Williams discussed Antifa’s proclivity towards violence with activists in the movement as well as academics who support it. One of the people she spoke with was Mike Isaacson, who is one of the founders of Smash Racism D.C. and a professor at the John Jay College of Criminal Justice:

While we've yet to experience any large municipal pension failures, which is just a matter of 'when' rather than 'if', the small pension failures sprinkled across the state of California are starting to pile up.  As The Sacremento Bee points out today, public workers in Trinity and Imperial counties are just the latest to have their pensions slashed by up to 90% as their cities admit what most of us have known for some time, namely that they're running ponzi schemes which simply don't have the funding required to payout the benefits they've promised. 

Robbie Travers, a 21-year-old law student, is being investigated by the University of Edinburgh for claims he committed a “hate crime”.

As we detailed previoustly, sharing a comment on his Facebook page – in response to the U.S. Air Force dropping a massive ordinance air blast (or MOAB, “Mother Of All Bombs) on a network of ISIS tunnels in Afghanistan in April – Travers said:

Authored by Nick Giambruno via InternationalMan.com,

Public pensions are a financial time bomb... and I see two ways to profit from the explosion.

In the US, unfunded public pension liabilities have surpassed $5 trillion. And that’s during an epic stock and bond market bubble.

Predictably, the government’s go-to “solution” is already making matters worse.

At first, distressed states simply increase taxes.