I have been detailing concerns about meeting the pension and health care obligations of the city and county of San Diego. Although these challenges arise at the level of our local government, the problem appears to be national in scope, as a sampling of stories from PensionWatch makes clear.
Author Archives: James_Hamilton
Patent protection and technological innovation
There is a potential conflict between the two that we ought to revisit as the nature of technological advance itself undergoes profound changes.
New estimates of macroeconomic effects of tax changes
Berkeley Professors Christina and David Romer have an
interesting new research paper estimating the macroeconomic consequences of tax changes.
Hedge fund regulation
Fed Chair Ben Bernanke yesterday explained why he sees no need for increased regulation of hedge funds.
More on Freddie Mac and Fannie Mae
More data, that is, and more questions.
Strong March employment growth
The Bureau of Labor Statistics reported today that U.S. nonfarm payrolls, as measured by their survey of establishments, increased by a seasonally adjusted 180,000 workers in March.
Cantarell fading quickly
A big challenge for Mexico and the rest of us.
New study of the determinants of oil prices
Professor Lutz Kilian of the University of Michigan has an interesting new paper on the historical determinants of crude oil prices.
More speculation about Saudi Arabia
The Oil Drum has been featuring some very interesting speculation as to the meaning of the
ongoing drop in Saudi Arabian oil production.
San Diego County pension fund sues Amaranth hedge fund
Pension Tsunami catches this story from Bloomberg.