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California Governor Jerry Brown Admits $1.5 Billion Budget Error

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Rupert Hargreaves
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At the beginning of this week, it emerged the Chinese province Liaoning have been fabricating its economic figures from 2011 to 2014 as officials sought to improve their reputation with the country’s head policymakers. According to the reports, Liaoning’s figures had been inflated by as much as 20% during the period.

For many China watchers, the Liaoning situation wouldn’t have come as a surprise, but as it turns out, it’s not just Chinese provinces that are struggling with numbers.

Pension Burdens Rise As Liabilities Double In Just A Few … –

California
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California Governor Jerry Brown Admits $1.5 Billion Budget Error

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha