Re:California Can Expect Blackouts for a Decade, Says PG&E CEO
by mikorym on Monday October 21, 2019 @02:01PM
(#21315262)
RE: pension funds; that is something that bothers me eternally. How do you find a store of wealth for normal people? Financial managers have opted for shares and bonds and in the process risk economic instability through overvaluation. The French, being the French, instead makes you pay the current people's pension in taxes and in turn promise to do the same when you are a pensioner.
Let's hope they don't do it "the South African way".
Re:California Can Expect Blackouts for a Decade, Says PG&E CEO
by torpfactory on Monday October 21, 2019 @09:55AM
(#21312251)
Shouldn’t PGE forgo payouts to shareholders in order to keep infrastructure to a better standard? Surely the long term value of PGE is diminished (and thus their ability to pay dividends) if they are found liable for fires or effect rolling blackouts as a “solution”. The pension funds could invest in something else instead.
Re:California Can Expect Blackouts for a Decade, Says PG&E CEO
by javagram on Monday October 21, 2019 @11:18AM
(#21313267)
They suspended dividends two years ago https://www.sfchronicle.com/business/article/PG-E-suspends-d...
Re the dividends part, that's an issue on which our present society will have to work more and more, because afaik most of those dividends go into the coffers of pension funds/insurance companies/big institutional investors which by their very nature "trickle down" that money mostly to people aged over 45 or 50. Most of those reinvestments you mention will get their financial return in 20-30 years' time, by which point the age-group I mentioned earlier (the over 45-50) will either be dead or to old too care that much about it.