The more Chapter 9 filings, the less money Calpers receives, and the more strain on the fictional expected rate of return until the boiler bursts.
WSJ: Andy Kessler: The Pension Rate-of-Return Fantasy
The real test for joining the euro should be whether an economy is flexible enough to cope with the strain of a permanently fixed exchange rate.
ECONOMIST: Small countries should adopt the euro��if they can
Go bust, leave the euro, let the exchange rate take much of the strain and hope, as Iceland did in only a couple of years, to be able to sort things out.
FORBES: Krugman And The Cyprus Endgame: But What If 'Doing An Iceland' Succeeds?
The fatality rate for those infected with that strain is about 65%, Hartl said.
CNN: STORY HIGHLIGHTS
Half of the victims have been hospitalised, a high rate that may indicate an especially virulent strain of E. coli.
ECONOMIST: Those healthy green leaves cause a terrible scare
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