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    Mayor Bloomberg Is Right About Public Pension Costs

    In a Sunday New York Times article about public pension costs, Mayor Michael Bloomberg has the following quote: “If I can give you one piece of financial advice: If somebody offers you a guaranteed 7 percent on your money for the rest of your life, you take it and just … More

    Morning Bell: How Radical Were Wisconsin’s Reforms?

    One year ago, the state of Wisconsin adopted sweeping reforms that curbed collective bargaining rights among government workers, brought the state’s pension system into line, and empowered those workers to choose whether or not to pay union dues. A firestorm of opposition erupted among public sector unions. But despite all … More