Perhaps the powers that be in Sacramento are finally waking up to the fact that the state's public pension system is in need of serious reform.
First, at a seminar in August, California Public Employees' Retirement System (CalPERS) chief actuary Ron Seeling admitted that the cost of pension benefits for' [...]
With financial services reform put on a fast track out of the House Financial Services Committee, the Senate is preparing to move as well. From Bloomberg:
Senate Banking Committee Chairman Christopher Dodd said he will unveil legislation next week to overhaul regulation of U.S. financial markets without Republican support after [...]Manuel "Manny" Klausner was one of the founding partners in Reason Enterprises, which began publishing Reason magazine in 1971, three years after the publication's creation. He became editor in the summer of 1972 and a senior editor in June 1978. In 1978 he co-founded the Reason Foundation with Tibor Machan [...]
Rand has a profound effect on people, especially the youth, when they first read her. But over time she loses her appeal. This makes it very hard to build a social movement around her ideas.
Rand's adherents blame all this on the faulty philosophical principles of society--especially on issues of [...]
