https://www.wsj.com/articles/illinois-drives-people-away-1513125224
Jerry Brown’s Pension Epiphany (WSJ)
Bondholders Fret as Alchemy Turns Chicago’s Junk to Gold (Bloomberg)
From Bad Dream to Nightmare: Dallas Struggles with Police, Fire Pension Fund Crisis (Forbes)
Pension Crisis Is Much Worse Than It Seems (Value Walk)
A Trillion Dollar Hedge Against the US Retirement Crisis (CFA Enterprising Investor)
How financially literate are you really? Let’s find out. (WSJ)
Global Risks Report 2017 (World Economic Forum)
http://reports.weforum.org/global-risks-2017/
Top 5 Trends Determining Global Development
| 1 | Rising Income and wealth disparity |
| 2 | Changing climate |
| 3 | Increasing polarization of societies |
| 4 | Rising cyber dependency |
| 5 | Ageing population |
Most Important Risks’ Interconnections
| 1 | Unemployment and underemployment Profound social instability |
| 2 | Large-scale involuntary migration State collapse or crisis |
| 3 | Failure of climate-change mitigation and adaption Water crises |
| 4 | Failure of national governance Profound social instability |
| 5 | Interstate conflict with regional consequences Large-scale involuntary migration |
Source: World Economic Forum Global Risks Perception Survey 2016.
Is Investment Expense a Proxy for Good Governance? (CFA Enterprising Investor)
The Big Squeeze: American Public Pensions Suffer from a Gaping Hole (The Economist)
Providing for workers’ retirement is crowding out other spending