Is The Stock Market Really Rigged?

Is The Stock Market Really Rigged?

A few weeks ago on 60 minutes Steve Kroft interviewed Michael Lewis the author of the new book “Flash Boys” which explains how rapid trades happening in a fraction of a second are responsible for stripping billions of dollars out of the US stock market.  These trades...
CalPERS’ shift will cost cities dearly

CalPERS’ shift will cost cities dearly

For more than a decade, the California Public Employees’ Retirement System has behaved in extraordinarily irresponsible fashion, and now the damage it has done is coming into full focus. In 1999, CalPERS persuaded the Legislature that a 50 percent retroactive pension...