Here’s how to help California cities drowning in pension debt

Unfunded pension and healthcare liabilities threaten the financial stability of San Francisco and many cities. By utilizing joint powers agreements, cities could share costs for services and alleviate budget shortfalls. Jana Ašenbrennerová/For the S.F. Chronicle California’s cities face a perfect storm: soaring unfunded pension liabilities, aging infrastructure and pressure to preserve essential public services, especially police…

Why Older Adults Are Hooked on Online Gambling

Many people also gamble in online casinos. Right now, they can do that legally in only 7 states (Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, Rhode Island and West Virginia). Still, online casino gambling is widespread throughout the country, with illegal sites openly advertising and allowing access from anywhere. When asked if people in Minnesota —…

Rains bring relief to debt-ridden CEB as reservoirs fill; one dead, 62 families affected by adverse weather – The Island

The widespread torrential rains currently experienced countrywide are expected to provide significant financial relief to the debt-ridden Ceylon Electricity Board (CEB) by sharply increasing hydroelectric power generation and reducing dependence on costly thermal and coal-powered electricity generation, power sector officials said yesterday. Senior engineers of the CEB told The Island the rapid rise in water…