Public pension funds are chasing higher returns and making riskier investments even as corporate America appears to be pulling away from riskier investments to protect money set aside for workers’ retirement, the New York Times reports.
This is an interesting read for anyone following the investment world as it relates to public pension funds. New Mexico is not mentioned anywhere in this story but it gives the reader some context about the world that pension fund managers, like those at the New Mexico Public Employees Retirement Association and Educational Retirement Board, are living in these days.
Web operations are sprouting up all over Tallahassee, Florida to give newspapers and other traditional news outlets some competition in the world of state Capitol coverage, according to the St. Petersburg Times.
The story showcases how easy it is to get news credentials in the fluid world of journalism as the Internet becomes increasingly important to news junkies. One of the web-only publications soon to start is NMI’s sister publication, The Florida Independent.
If you’re in the market for a new car, you might want to read about G.M. and Ford being handed a once-in-a-lifetime opportunity: persuade the American public that they’ve made tremendous strides in quality at a time when Toyota is battling perception problems due to recent recalls. The story ran in the Sunday business section, but I only got around to reading it yesterday.