Nationwide Surge In Deaths Among People Aged 18-49: A State by State Overview

Link: https://www.theepochtimes.com/mkt_morningbrief/northeast-fares-best-amid-2021-prime-age-mortality-spike_4208797.html

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Excerpt:

Deaths among people aged 18 to 49 increased more than 40 percent in the 12 months ending October 2021 compared to the same period in 2018–2019, before the COVID-19 pandemic, according to an analysis of death certificate data from the Centers for Disease Control and Prevention (CDC) by The Epoch Times.

The agency doesn’t yet have full 2021 numbers, as death certificate data trickles in with a lag of one to eight weeks or more.

…..

It’s not clear why the mortality spike seemed to exhibit a geographical trend. Overall, a part of the surge could be likely blamed on drug overdoses, which increased to more than 101,000 in the 12 months ending June 2021 from about 72,000 in 2019, the CDC estimated. About two-thirds of those deaths involved synthetic opioids including fentanyl that are often smuggled to the United States from China through Mexico.

For those ages 50 to 84, mortality went up more than 27 percent, representing more than 470,000 excess deaths. Almost four out of five of the deaths had COVID marked on the death certificate as the cause or a contributing factor.

Author(s): Petr Savb

Publication Date: 13 Jan 2022

Publication Site: The Epoch Times

New Jersey Taxpayers ‘On the Hook’ for Massive Debt: Report

Link:https://www.theepochtimes.com/new-jersey-taxpayers-on-the-hook-for-massive-debt-report_4139948.html

Excerpt:

New Jersey has amassed a huge, and possibly dangerous, level of debt, according to a new report that reviews the financial health of state governments across the country.

Each Garden State taxpayer owes tens of thousands of dollars and the state is a tax “sinkhole,” according to the nonprofit organization Truth in Accounting (TIA), because state lawmakers of both parties have overspent and used accounting “gimmicks” for decades. The organization defines “sinkholes” as states that lack the necessary funds to pay their bills.

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The S&P report also gives New Jersey a low grade on debt practices.

“On our scale of ‘1.0’ to ‘4.0’, where ‘1.0’ is the strongest score and ‘4.0’ the weakest, we have assigned a composite score of ‘3.7’ to New Jersey’s debt and liability profile,” according to S&P.

Moody’s, in its July 14 report, gave New Jersey an A3 rating on its general obligation (GO) bonds, a low rating. But it praised recent efforts by  Murphy to solve the problems of long-term debt.

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Fitch Ratings, in its April 13 report, gives New Jersey an A- grade. It said its rating reflects New Jersey’s “adequate financial resilience.” But it also said that its condition isn’t as good as that of most states, and stirs up some troublesome ghosts.

Author(s): Gregory Bresiger

Publication Date: 8 Dec 2021

Publication Site: Epoch Times

California Pensions Improve Slightly, Still Deep in the Red

Link: https://www.theepochtimes.com/california-pensions-improve-slightly-still-deep-in-the-red_4003251.html

Excerpt:

The 80 percent mark long has been considered the minimum threshold for a pension fund. However, that’s actually still too low. An Issue Brief by the American Academy of Actuaries called it, “The 80% Pension Funding Standard Myth” (pdf).

It said, “An 80 percent funded ratio often has been cited in recent years as a basis for whether a pension plan is financially or ‘actuarially’ sound. Left unchallenged, this misinformation can gain undue credibility with the observer, who may accept and in turn rely on it as fact, thereby establishing a mythic standard. … Pension plans should have a strategy in place to attain or maintain a funded status of 100 percent or greater over a reasonable period of time.”

Author(s): John Seiler

Publication Date: 19 Sept 2021

Publication Site: The Epoch Times