Government employees need not fret how wild swings in financial markets will affect their pensions. Public employment is the last bastion of the 鈥渄efined benefit鈥� pension plan.Public pension plans 鈥� funded by workers, taxpayers, and plan investments 鈥� must pay the defined benefit.The ...
Twelve or 13 months from now, the race for the Republican nomination for president 鈥� and the race for the Democratic nomination, if there is one 鈥� will probably be over.Prognostications this far ahead of such contests have a sad history. Just ask Rudy Giuliani or Jeb Bush what it felt like ...
In 2016, the prolific author and economist Thomas Sowell gave up his syndicated column after a quarter-century. A few months later, I asked him how it felt. He was delighted. The best part, he confided, was not having to read the news so assiduously every day.Hoo boy. 鈥淚 feel ya,鈥� as Ted ...