The pension crisis in California grows precipitously in its two major pension funds. CALSTRS and CALPERS. While the fund managers claim a growth rate of 7.5%, they only achieved 0.61% last fiscal year (June 2016). Furthermore, these two major funds are sorely underfunded, meaning that they have two bad attributes. Underfunded and poor performance.
A Stanford study shows that the pensions are underfunded by well over a trillion dollars. $1.2 Trillion.
If a Stanford Institute for Economic Policy Research’s estimate is accurate, public pension debt in California is even worse than feared. Preliminary calculations from a forthcoming SIEPR study peg the unfunded retirement tab for state and local government employees at more than $1.2 trillion, according to Insolvent Film, a website based on a documentary on government financial stability.
U.S. and S. Korean forces are currently training on the Korean peninsula. Specials Forces such as Army Rangers, Green Beret, SEALs and more are training. Perhaps some with a mission to eliminate Kim Jon-Un, dictator of North Korean. The same Kim Jong-Un who has shot loyalists on his own staff with an anti-aircraft gun for nodding off at ceremonies and less insults.
Of course, the internet comes through with the North Korean Uncovered Project which seeks to use satellite images to discover the buildings, structures and more in North Korean.