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Are Defined Benefit Pension Plans History?

Over the last several decades there has been a sea change in funding for employee pensions.  Historically, pensions have been based on defined benefit formulas that provided retirees with a set dollar amount, based on salary, tenure and other factors.  Under the defined benefit system, any shortfalls in funding were the responsibility of the employer.  […]

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Turnover

In the context of human resources, turnover is the process of replacing a departing employee with a new hire.  An organization’s turnover experience is measured as a percentage rate, which is referred to as its turnover rate. Investors should be aware of the turnover rate when considering an investment opportunity.  High turnover has often been […]

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Short Squeeze

Wikipedia defines a short squeeze as a rapid increase in the price of a stock that occurs when there is a lack of supply and an excess of demand for the stock. Short squeezes result when short sellers seek to cover, or are forced to cover, their short positions, either because they can no longer […]

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The Last Mile

According to Wikipedia, the last mile is a phrase widely used in the telecommunication industry to refer to the final leg of the networks that deliver telecommunication services to retail end-users.  The actual length of the “last mile” may be more or less than a mile. The “last mile” is typically the speed and cost bottleneck […]

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“The Middle Way Is None At All”

The full quotation, “In politics the middle way is none at all” is attributed to John Adams, frustrated by holdouts in the Second Continental Congress, who were clogging the docket with useless half-measures and misguided appeasements during the debate over a declaration of independence.  Of course, we know that John Adam’s views prevailed and independence […]

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The Yellow Vests Movement

According to Wikipedia, the yellow vest movement is a populist, grassroots, political, revolutionary, (take your pick) movement that began in France in October 2018.  The movement is motivated by rising fuel prices, a high cost of living and the belief that a disproportionate burden of the government’s tax reforms are falling on the working and […]

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