Jumping The Crevice To Reach The Cliff

August 4, 2011

Atlanta’s pension reform blazes a trail for other cities and states as they confront a $1 trillion pension funding gap.

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A Centenarian’s Imperfect But Impressive Recall

July 6, 2011

IBM marked and marketed its centennial last month with a look back at its history that was less than perfect, but more honest and thoughtful than a typical corporate puff piece. The company, which began life as the Computing-Tabulating-Recording Company in June 1911 and later became International Business Machines, ran a four-page ad for the occasion, filling three of those pages with text. The ad was presented as words of …

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Ponies For Everyone

October 28, 2010

Is it wrong to promise a child a pony to get her to calm down before surgery? An anesthesiologist posed this question to The New York Times’ Randy Cohen in a recent installment of Cohen’s column “The Ethicist.” Cohen responded that, unless the anesthesiologist had a stable full of ponies he was ready to part with, it was indeed wrong to make such empty promises. The same lesson applies to …

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Funding A Pension With Really Liquid Assets

July 12, 2010

Some problems can be solved by tossing large amounts of liquid at them. Throwing water at a fire, for example. Noah’s flood, perhaps. And now, if all goes well, Diageo’s pension deficit will be added to the list. Diageo, the London-based alcoholic beverage giant, has adopted an innovative strategy that is becoming increasingly popular in the United Kingdom: funding pension obligations with non-cash assets. The company has announced that it …

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