Author: matt605

GM has debt rating dropped again. [Copy link] 中文

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Post time 2006-3-5 04:53:09 |Display all floors
New York City lost $9 billion in the stock market.

Now they have to gamble even more to make up their losses and meet their increasing obligations.  Still think a killer Bird Flu pandemic can be stopped, or is it, just like 9/11, the attack that cannot be stopped?



City's Pension Funds Reel After Taking a Dual Blow

April 3, 2002, Wednesday

By MICHAEL COOPER AND ERIC LIPTON (NYT); Metropolitan Desk

Late Edition - Final, Section A, Page 1, Column 1, 2316 words

DISPLAYING FIRST 50 OF 2316 WORDS -One of the most damaging but least scrutinized causes of New York City's current fiscal crisis is the city's pension system, which is being forced to pay out more generous benefits to retired civil servants just as its investments have lost more than $9 billion in the stock market....

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