Public Pension Funding Is in Trouble

Public pension funding funding took a hit in the last three months of 2016, as asset returns fall short of benchmark, according to a report from consulting and actuarial firm Milliman, Inc.

These pensions cover public sector retirees. Their funding level is critical because taxpayers are ultimately responsible to making…

Read More

Life Before Income Taxes

There was a time when the very idea of the government imposing an income tax seemed very strange, even un-American.

This was the land of freedom and opportunity, after all. Why would you tax someone’s income?

In the early days of the country, tariffs paid for a lot…

Read More

Americans Become Fearful of Rising Interest Rates

Change is happening in 2017. Not only do Americans have a new President, but the economy seems to be evolving beyond the “new normal” of super-low interest rates created in in the wake of the financial crisis.

Think about it: we’ve now gotten used to having 4% mortgages…

Read More

Manufacturing Activity Grew Into 2017

Economic activity in the manufacturing sector expanded in December 2016, and the overall economy grew for the 91st consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.

This is the report tracked by economists to determine how things are going in America’s…

Read More

Technology Execs Giddy About Future of Industry

Technology elites are more optimistic about the future of the U.S. technology industry than the general public are, and more optimistic about the incoming Trump administration’s likely impact on the industry, according to a new report from public relations firm Burson-Marsteller.

The Burson-Marsteller Age of Trump…

Read More