A group of senior Israeli soldiers has canceled a trip to Britain in fear of arrest for alleged war crimes. The group had been invited by the British military but sought guarantee from London that they would not be detained. The soldiers received no such guarantee and subsequently canceled the trip altogether.The incident has further heightened tensions between the two countries following the issuance of an arrest warrant for Israeli Foreign Minister Tzipi Livni last month.
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Chairman Orin Kramer of the New Jersey public pension has issued a sobering assessment of shortfalls within the US public pension system. The report highlights the controversy over which accounting practices are best for determining the actual worth and solvency of public pensions in the "out years".
When state governments value their pension's worth they use a process known as "smoothing" which uses an average value over a certain interval of time. Using this method US pension system insolvency has been calculated to range from $400b-500b. Mr. Kramer's report calculates pension asset values using a "mark-to-market" standard which uses an equity's market value at a particular time. This technique predicts public pension programs will be approximately $2 trillion in the hole.
Here is an interactive demonstration of international public and private pension shortfalls.
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The NYT's Andrew Martin teams with PBS' Frontline in a story of Americans and their credit cards. A stunning investigation of the gargantuan American consumer loan industry. Yee-haw!!!
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Pakistani Taliban have destroyed 6 shrines and desecrated the grave of the spiritual leader of the Stori Khel tribe. The attacks are in response to the tribe's "laskar" or local militia that has been resisting the militants for a month.
Chairman Orin Kramer of the New Jersey public pension has issued a sobering assessment of shortfalls within the US public pension system. The report highlights the controversy over which accounting practices are best for determining the actual worth and solvency of public pensions in the "out years".
When state governments value their pension's worth they use a process known as "smoothing" which uses an average value over a certain interval of time. Using this method US pension system insolvency has been calculated to range from $400b-500b. Mr. Kramer's report calculates pension asset values using a "mark-to-market" standard which uses an equity's market value at a particular time. This technique predicts public pension programs will be approximately $2 trillion in the hole.
Here is an interactive demonstration of international public and private pension shortfalls.
______
The NYT's Andrew Martin teams with PBS' Frontline in a story of Americans and their credit cards. A stunning investigation of the gargantuan American consumer loan industry. Yee-haw!!!
______
Pakistani Taliban have destroyed 6 shrines and desecrated the grave of the spiritual leader of the Stori Khel tribe. The attacks are in response to the tribe's "laskar" or local militia that has been resisting the militants for a month.
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