Sr. Fellow Ivan Eland appeared on AriseTV discussing Russian/European politics. Russia's oligarchs are expected to withdraw money out of UK markets in light of EU sanctions against Russia. Sanctions were imposed after the downing of a Malaysian passenger jet. The sanctions will hurt EU countries as well as Russia says Eland.
Sr. Fellow Ivan Eland, author of Partitioning for Peace appeared on Canada's CTV to talk about recent events in Iraq, where Iraqi forces have gone on the offensive against ISIS militants. Eland gives his perspective on Iraq's history and how his idea of partitioning of Iraq is still an outcome that would bring relative peace in Iraq.
On June 17, 2014, Sr. Fellow Lawrence McQuillan spoke at an event for supporters of the Independent Institute. Dr. McQuillan spoke about Californias state pension system, a topic he writes about frequently, including in his forthcoming book California Dreamin: Resolving the Public Pension Crisis.
First he defines the types of pension programs for state employees, he outlined how funding for the programs is not sustainable for the promises made to pension recipients. The state admits to an unfunded liability of $140 billion, but McQuillan says that is actually an underestimate. According to most economists, the true amount of the unfunded liability is $430 billion.
How did this happen? McQuillan explains and offers six solutions to keep the pension systems solvent.