In a blink, US state and local unfunded pension liabilities jump $2.3 Trillion!

by SpontaneousDisorder www.bloomberg.com/news/articles/2018-09-27/fed-accounting-change-boosts-unfunded-pension-obligations-chart In case you missed it, the Federal Reserve’s quarterly Financial Accounts report last week included a change to accounting for state and local pension-fund programs. The central … Read more

Norway’s $1 trillion sovereign wealth fund is getting stricter on the companies it invests in. It said that it expects businesses to “manage the challenges and opportunities related to sustainable uses of the ocean.”

via cnbc: Businesses should integrate ocean sustainability into strategy, according to Norges Bank Investment Management. Firms should also disclose how ocean sustainability forms part of their strategies, policies and commitments. … Read more