Archive for 2011

COOKING THE BOOKS ON PUBLIC PENSION EARNINGS FORECASTS. My favorite bit was this:

Actuaries got another rebuff this week when the labor-friendly CalPERS board voted to leave its earnings forecast unchanged, much like a CalSTRS board action in December that did not lower its forecast as far as actuaries recommended.

A lower earnings forecast raises pension costs for state and local governments struggling with budget cuts during a deep recession. But another rate increase also might fuel the drive for pension reforms that increase worker costs and cut their benefits.

“I was afraid we were going to throw gasoline on the fire in the public pension debate,” Neal Johnson of the Service Employees International Union told a CalPERS committee after a key vote.

You’d think a representative of public employees would want to ensure that their pensions are actuarially sound. Instead, the priority is keeping the whole issue from coming to the taxpayers’ attention.

THE DIFFICULTIES OF ARRANGING mass evacuations. “Emergency authorities have only in recent years begun to realize that evacuations are often regional and even multistate events. Evacuating almost any city in the United States requires significant preparation and resources in surrounding cities. And some events are simply too resource-intensive or too complicated to plan for.”

POLITICS:

“The people who claim to be feminist and pro-gay” — i.e., the crew at the BBC — “oppose the one country in the Middle East that does not subjugate women and persecute gays. What does that tell you?” Plenty.

Indeed.

RUNNING INTERFERENCE: Piggyback Virus Could Curb HIV Pandemic. “Rather than destroying HIV, a proposed treatment would embrace its infectious abilities, sending the virus into competition with a harmless, stripped-down version of itself.”

HEH.

FOREIGN POLICY in the ditch?

PERSONALLY, I THINK A WAITING PERIOD FOR AN ABORTION is no more reasonable than a waiting period to buy a gun.

SOCIAL MEDIA’S DARK SIDE: “Jonathan Zittrain, co-founder of Harvard University’s Berkman Center for Internet & Society, was out to cause ‘anxiety and concern’ among his audience. His argument: Internet companies that focus on ‘crowdsourcing,’ getting the public to do odd jobs for small or no fees, are morally questionable ventures.” You mean, companies like the Huffington Post?

A DECADE OF boosting breast size: “Breast implant operations have surged 40 percent in the past decade, with nearly 300,000 women last year opting to increase their breast size.”

GAS-PRICE EXPECTATIONS: Dealers snatching up used hybrids, four-cylinder vehicles.

UPDATE: Rachel Pereira reports firsthand experience of huge price increases for used Priuses. I suspect one reason is not just an expectation of higher gas prices, but an expectation of higher gas prices coupled with a holdup in Prius shipments from Japan due to the earthquake. This would be a big boost for Chevy Volt sales, except that the Chevy Volt’s transmission comes from Japan.