More on the critical need to address the city's pension funding crisis. I've come to the conclusion that no institution can be counted on to be above board in pension contributions and accounting - including private companies and government. It's just too tempting to shortchange the problem and kick it down the road until it explodes - and then the taxpayers are on the hook. Defined-benefit plans simply need to be made illegal and move everybody to defined-contribution plans. Hat tip to Bill.
Finally, check out this very cool new Texaplex Houston video by David Winans. That led me to this video, which has a title that I think could be a good alternate nickname for Houston (instead of Bayou City or Space City): "Texas' Powerhouse" - a play off the energy capital thing as well as the vibrancy and growth.
Social Systems Architect, consultant and entrepreneur with a genuine love of my hometown and its people. I cover a wide range of topics in this blog - including transportation, transit, economic development, quality-of-life, city identity, and development and land-use regulations - and have published numerous Houston Chronicle op-eds on these topics. I also co-authored the Opportunity Urbanism study with noted urbanist Joel Kotkin and others, creating a city philosophy around upward social mobility for all citizens as an alternative to the popular smart growth, new urbanism, and creative class movements. I am a native Houstonian, 6th-generation Texan, attended Rice University for my BSEE and MBA, and a former McKinsey consultant and adjunct faculty member with Leadership Houston. I am currently the founder of Coached Schooling, pioneering a transformational new approach for a more effective and engaging 21st-century K-12 education combining the best elements of eLearning, home and traditional schooling. CONTACT EMAIL in no-spam format: tgattis (at) pdq.net - send me an email if you would like to receive these posts via email, or see the Google Groups signup box below.