Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
I brought up pension management fees to my local rep years ago and it basically died in one of the meetings. The data I had was from Ballotpedia 2011-2012. There were approx $57.4 Bil in assets with fees of $313 Mil per yr with an average return of 0.7% per year over 5 yrs. Now compare Alabama assets in 2012 of $28 Bil and fees of only $13 Million and return of 7.53%. Illinois fees were over 24 times higher on twice the assets or 12 times equal assets. So by my figures (over a 40 yr actuarial table) could… Read more »
Money management is the biggest scam on Earth. Add IL politics and you have a perfect souffle of criminality and graft.