Disparate Thoughts: Google Buzz, Failing Municipal Financing

Includes: BBK, GOOG
by: Kid Dynamite
People are angry about Google Buzz (NASDAQ:GOOG) infringing on their privacy. As usual, The Onion has the best take on the potential solution, with their report: "Google Opt Out Feature Lets Users Protect Privacy By Moving To a Remote Village" (h/t Barry Ritholtz)
In more depressing news, MISH continues to be the bearer of bad news. Things are so absurdly bad with our municipal finances across this country, that solutions like this are being proposed:

At Utah's West Jordan High School, the halls have swirled lately with debate over the merits of 12th grade. The sudden buzz over the relative value of senior year stems from a recent proposal by state Sen. Chris Buttars that Utah make a dent in its budget gap by eliminating the 12th grade.

I mean - wow.
Then you have the Illinois Pension Fund, which is $61 Billion underwater! YOWZA!

Illinois politicians are at it again. They're borrowing from the future to make state pension contributions today.

In early January, while everyone was busy watching the nasty campaign commercials, the State of Illinois pulled an end-run on the budget process. On Jan. 7 the state sold $3.5 billion of "pension obligation notes." In simple English, the state borrowed money to finance the state's contribution to its five retirement systems.

In case it's not clear yet, this does absolutely NOTHING to solve the problem.