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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Of course, other pandemics as well, environmental crises (such as the dust bowl), and severe disasters such as the Chicago fire, the San Francisco earthquake, the Galveston hurricane. Also not new to have homeless people, of course. The history of blacks and Native Americans, of course, their contributions and discrimination against them, along with movements towards civil rights, is a big part of history. The current geopolitical issues of course, are not yet as serious as World War I and World War II, which was a nuclear war in fact.
And the economy (as well as crime I believe) was much, much worse as recently as the 1970's, which had the oil crisis following the 1973 Arab-Israel war, stagflation, Nixon's resignation, the loss in Vietnam, the Iranian hostage crisis, the Soviet invasion of Afghanistan, and Carter's energy programs which led to the imposition of a 55 speed limit on all roads, while the Three Mile Island events led to a backlash against nuclear power.
The things going on now, in the context of history, are not that unusual in some ways, it is a big error to think that because the United States is now so modern, that rather than comparing its actual conditions to how it was historically, we compare to a utopian ideal that was never actually present.
I am convinced that some kind ChatGPU or an AI has been posting on this blog. We are getting long but content free posts everyday now. The question is why would somebody or something being doing this?