I just received my annual TCP-1 letter from LLNS and a summary of the LLNS Pension Plan. Looked in pretty good shape in 2013. About 35% overfunded (funding target attainment percentage = 134.92%). This was a decrease from 2012 where it was 51% overfunded (funding target attainment percentage = 151.59%). They did note that the 2012 change in the law on how liabilities are calculated using interest rates improved the plan's position. Without the change the funding target attainment percentages would have been 118% (2012) and 105% (2013). 2013 assets = $2,057,866,902 2013 liabilities = $1,525,162,784 vs 2012 assets = $1,844,924,947 2012 liabilities = $1,217,043,150 It was also noted that a slightly different calculation method ("fair market value") designed to show a clearer picture of the plan' status as December 31, 2013 had; Assets = $2,403,098,433 Liabilities = $2,068,984,256 Funding ratio = 116.15% Its a closed plan with 3,781 participants. Of that number, 3,151 wer...
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Do you want to make progress or not !
It's too bad we didn't have the option of getting the Chinese Science and Technology University system to pay for LIFE. We would be building high average power laser hardware today that would be exceeding all expectations.
It's truly sad that cutting edge/high payoff R&D in the national interest is no longer funded by DOE, DOD, NNSA, etc...
Elan Musk, please save us !
Elan Musk looked around and said " get me off this planet!"
Did Dick Cheney and Donald Drumpf lose 100 Billion here like he did in Iraq? Fixed it for you.
It speaks poorly of the candidate but paints the advocate as a fool.
Both candidates are poor leaders, lacking in solutions to our challenges who will not be followed by the electorate. Same as now.
Obama's cry "it's not so bad" or Krugman's "NYC is safer thsn ever" within spitting distance of the 9/11 gives an unsettling dystopian aura to the leadership vacuum. Either leaders provide solutions to problems like debt, globalization and the Mad Muslim Menace or we suffer the alternative.
Neither has. Neither seems likely to.