Posts Tagged ‘fox’

PBS Punts

The Public Broadcasting Service (PBS) has recently been doing a series on public pensions in peril which seems to have kicked off around the time that Fox Business began their Pension Crisis: The Gathering Storm series.  PBS put up an infographic,  looked at a global perspective, and focused on Illinois and California providing valuable coverage of the next major bust (which will be on a scale that will dwarf the predatory lending fiasco of the last decade).  However the series will end because the funder has been linked to an agenda (which presumably anyone who funds or advertises on public media needs to be devoid of).

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Educating the Public on Detroit

Technology has killed serous televised discourse.  I can’t imagine William F. Buckley feeding setups to six talking heads spewing their sound-bites on topics of the day. I see him debating informed challengers proffering well-reasoned positions, which could still have more entertainment value than anything we see on TV today:
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So it is that the discussion being had on the Detroit bankruptcy instigated in part by faulty assumptions as to the value of pensions and the perceived wisdom being formed that actuaries have been lying for decades to appease their clients is welcome but the pundits carrying the message could use some better backup information though they are not completely to blame.

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