The California Public Employees' Retirement System has reported that its giant investment fund lost $56.2 billion in the 12 months that ended June 30, ending the fiscal year with $180.9 billion in assets. The fund reported a preliminary investment return of minus 23.4 percent for the year. |
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Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.
Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.