Feb. 27th, 2011
Meanwhile, in NoDak
Feb. 27th, 2011 02:49 pmND Residents Along Red River Avoid Flood Buyouts
Published: February 27, 2011
Published: February 27, 2011
FARGO, N.D. (AP) — John Stern has lived in Fargo all his life, buying a dream home on the Red River more than 25 years ago.
The city is offering to pay him for the 1,800-square-foot Frank Lloyd Wright family home if he wants to move off the flood plain. But Stern says he's not going anywhere. More
The Truth About Pensions -- Krugman
Feb. 27th, 2011 08:18 pmDean Baker has a deeply enlightening analysis of state pension shortfalls (pdf), containing a lot of stuff I didn’t know. The basic moral is that the official story these days — of years and years of huge giveaways to unions, resulting in gigantic, unpayable debts — is just wrong: to a very large extent, the pension shortfall has emerged just since 2007, thanks to the financial crisis, and even then it’s not nearly as big relative to future state incomes as widely imagined. Here’s a key figure:
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