Many states, especially California and Illinois, have had severe pension underfunding problems for many years. However, new actuarial pension rules will finally force states to admit the problem. Thus, it should not be surprising that talk of "technical bankruptcy" and “service insolvency” is growing.
California lawmakers don’t simply like labor unions. They love them. So much, in fact, that they recently eliminated Labor History Week from the state law books and replaced it with Labor History Month, with the first scheduled for this May.
I have no idea who committed the terror attack in Boston and for what onerous reason. However, I do know that the technological and political dynamics extant in this week's massacre afflicted the late 19th century and that for some 140 years, the world has yet to balance the benefits and threats of mobility and miniaturization.
Margaret Thatcher’s death on Monday, April 8th at the age of 87 brought a flood of reminiscences from many in the chattering classes who are old enough to remember her and her remarkable eleven-year tenure as the Prime Minister of the United Kingdom of Great Britain and Northern Ireland.
Once we recognize that large differences in achievement among races, nations and civilizations have been the rule, not the exception, throughout recorded history, there is at least some hope of rational thought -- and perhaps even some constructive efforts to help everyone advance.
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