News Item:
NJ pension funds in a black hole
$25 billion, on the low end. $56 billion, on the high end.
Those are the numbers being bandied about to describe the shortfall in New Jersey public employee pension funds. Just a few short years ago, these funds were fully funded. Now lawmakers are scrambling for explanations. The powers that be in Trenton blame the collapse of the stock market in 2001. Was that sort downturn really that bad? Hasn't the market set a lot of records since then? There are all kinds of reasons and excuses, of course. Enlighten-NJ spells them all out.
Full Story: Enlighten-NJ
Cartoon from Sid in the City
Well running a business that
Well running a business that depends on stocks is not easy and for sure there is nothing to guarantee you full success. But this is not an excuse or an explanation, for doing a lousy job and for sure stock traders are not to blame for the way you choose to manage your business. There are stock trading programs that can help people have a clearer view about the way things go.
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