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To: Haim R. Branisteanu who wrote (72825)	3/14/2010 7:35:19 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 74559

Wen Rebuffs Yuan Calls, Is ‘Worried’ About Dollar (Update1) By Bloomberg News (is trade war brewing?) March 14 (Bloomberg) -- Chinese Premier Wen Jiabao rebuffed calls for the yuan to appreciate and sought assurances that the U.S. will protect the value of China’s dollar assets. “I don’t think the yuan is undervalued,” Wen said at a press conference in Beijing marking the end of China’s annual parliamentary meetings. Dollar volatility is a “big” concern and “I’m still worried” about China’s U.S. currency holdings, he said. Wen urged America to “take concrete steps to reassure investors” about the safety of dollar assets, repeating concerns that he expressed a year ago, sparked by a growing U.S. fiscal deficit. Treasury Department figures show China’s holdings of Treasury securities dropped for a second month in December to $894.8 billion. Wen’s comments come as lawmakers in the U.S. call for retaliatory trade measures to compel appreciation. On March 11, President Barack Obama urged the nation to move toward a more “market-oriented exchange rate.” Economist Paul Krugman said March 12 that global growth would be about 1.5 percentage points higher if China stopped restraining the value of its currency and running trade surpluses. bloomberg.com

To: Haim R. Branisteanu who wrote (72825)	3/15/2010 11:16:09 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

the bloat in california extends down to the common civil servant of the lowest rank, current and retired do not know eventual resolution except that all would lose something, one way or another path at some juncture, folks income statement would be hit as badly as would their balance sheet, and when so, rage for real

To: Haim R. Branisteanu who wrote (72825)	3/16/2010 9:52:33 AM
From: Snowshoe	Read Replies (1) \| Respond to of 74559

>>Other abuses detailed in the book include widespread "double-dipping." Public employees can start collecting their full pensions while returning to their old job as consultants.<< I double-dipped, but it's not necessarily the gold mine it's made out to be. The problem is that you pay a LOT of taxes. OTOH, my reason for quitting government employment early was to avoid having all my eggs in one pension basket. Just in case my state goes broke, I want direct control over most of my retirement funds.

To: Haim R. Branisteanu who wrote (72825)	3/20/2010 9:25:36 AM
From: pcyhuang	Read Replies (2) \| Respond to of 74559

You wrote: "Thus, more debt defaults and bankruptcy filings probably lie ahead, unsettling the $2.7 trillion municipal-bond market. The possibility of taxpayer revolts and likely insolvencies has shaken some investors' confidence in general-obligation bonds -- those backed by the "full faith and credit" of the states or localities. Once the gold standard for MUNIS, GOs are under a cloud in financially troubled areas." Please visit: Insurers Benefiting from Loosening Credit Ratings on Munis Message 26399493 Cheers,