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Sunday, February 20, 2011

Think you can buy health insurance? Think again.

If you think you can buy health insurance after you lose your job, think again.  As the co-founder of Palm tells it, even the families of CEOs can get denied for health insurance.

Read Donna's article.

Friday, January 28, 2011

Geithner Takes Tax Payer Funded Trip to Swiss Retreat

What is U.S. Secretary of Treasury doing hobnobbing in Davos Switzerland? He's being interviewed on stage by Charlie Rose of PBS fame. Can't they do that right here at home? How does it look to Americans that a high ranking U.S. official and an employee of PBS - BTW, both funded by tax payer money - are going to a meeting which is essentially limited to rich and powerful people? Not sure this is what the framers of our constitution had in mind when they set out to create the new nation.

By the way if you want to read what Mr. Geithner had to say, here's a link. It's not pretty. He essentially doesn't have much to say about how to generate jobs though he's very optimistic about U.S. growth.

Thursday, January 27, 2011

Oregon Invests $ 500 Million Pension & School Funds in Leveraged Buyout Giant

From today's paper: "Oregon's pension and common school funds are entrusting another big chunk of capital to Kohlberg Kravis Roberts & Co., the leveraged buyout giant that has been a longtime, successful and sometimes controversial manager of Oregon pension money since the state's first such KKR investment in 1981."

Source: Oregon Live 

KKR is also the firm that has repeatedly taken companies private and laid off thousands of workers. Read more  about KKR.

I'd like to know if Oregon citizens believe this is a safe and prudent way to invest their public money.