MuniLand Snaps: May 10

May 10, 2012

Bob Nelson of Thomson Reuters Municipal Market Data and I, along with several others, went back and forth on Twitter about how public pension funds manage their investments. Nelson tweeted out the chart above comparing the investment returns for Calpers, the giant California public employee pension fund, with index returns for equities and fixed income. It looks as if Calpers has some very good returns.

Good Links

Moody’s: Austerity challenges the U.S. outlook

U.S. DOJ: From 2010 to 2011 the number of people in county and city jails (735,601) declined by 1.8 percent

WM Financial Strategies: Nice roundup of muniland regulatory issues

Bloomberg: Governments belatedly put pension deficits on their books Tax support for mall gains despite opposition

The Daily Journal: More fiscal fandango: New Jersey budget relies on one-shot solutions

NYT: Austerity rears its head in a liberal New Jersey town

Albany Times Union: Investigation raises alarm on overuse of anti-psychotic drugs in nursing homes

@Twitter Talk

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