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For the past century, a public pension was an ironclad promise. Whatever else happened, retired policemen and firefighters and teachers would be paid. That is no longer the case. Many cities and states can no longer afford the unsustainable retirement promises made to millions of public workers over many years. By one estimate they are short $5 trillion, an amount that is roughly equal to the output of the world’s third-largest economy. Certain pension funds face the prospect of insolvency unless governments increase taxes, divert funds or persuade workers to relinquish money they are owed. It is increasingly likely that retirees, as well as new workers, will be forced to take deeper benefit cuts. read more: https://www.wsj.com/articles/the-pension-hole-for-u-s-cities-and-states-is-the-size-of-japans-economy-1532972501
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https://www.wsj.com/articles/how-much-is-your-college-football-team-worth-1506000030?mod=e2fb From back in September. I want to see the updated numbers, though.
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The Wall Street Journal ranks the net worth of all college football teams. The most valuable being Ohio State at $443.13 million. The least valuable is La Monroe at $5.65 million. Here are the CUSA rankings.... Quote: Brewer analyzed each program’s revenues and expenses and made cash-flow adjustments, risk assessments and growth projections to calculate what a college team would be worth on the open market, if it could be bought and sold like a professional franchise. 82. UNT $25.76 million 84. UTEP $22.27 million 87. Rice $20.25 million 88. Marshall $18.74 million 89. UAB $18.64 million 91. FIU $17.06 million 92. MTSU $16.94 million 93. WKU $16.10 million 94. FAU $15.42. million 104. USM $11.86 million 114. LaTech $8.17 million Did not see UTSA, Old Dominion and Charlotte on the list. http://www.wsj.com/articles/how-much-is-...1452473476