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The Highway Trust Fund is running out of money
The Congressional Budget Office projects that the highway and transit accounts of the Highway Trust Fund will be out of money in 2028.
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How high interest rates impact public pension systems
Higher interest rates and pension systems' investment strategies risks burdening workers and taxpayers with even larger unfunded liabilities.
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Pennsylvania’s proposed pension bills don’t meet best practices for cost-of-living adjustments
The result would be another level of unfunded liabilities that must be paid for by Pennsylvania taxpayers.
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State psychedelics policy roundup: November 2023 edition
Proposed psychedelics legalization in Massachusetts, Colorado considers cost-effective regulations, Kentucky's ibogaine debate and more.
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Alternative approaches to psychedelics legalization and regulation after California Gov. Newsom’s veto
California is still in a strong position to pioneer the best regulatory system for psychedelics in the world.
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The actuarial firms working with the most public pension plans and a surge of unfunded liabilities
From 2016 to 2021, the top five actuarial firms observed an increase in the total actuarial accrued liabilities of the public pension plans they managed.
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Proposal to replace Louisiana’s Calcasieu Bridge voted down by transportation committee
State policymakers rejected the most affordable and time-efficient way to replace the bridge.
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Dallas should not bet on pension obligation bonds to save pension system
The Dallas Police and Fire Pension System has $3 billion in unfunded liabilities. But pension obligation bonds do not refinance pension debt, they leverage it.
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The FTC’s case against Amazon is built on bad economics
The FTC’s claims about seller fees do not paint an accurate picture of the price interactions between Amazon and the third-party sellers who use the platform.
