Another state that is slowly working to right its public pensions is Pennsylvania, where the general and teachers’ plans claim combined membership of 670,000 and assets of $67 billion. After investment windfall
Then the bottom fell out. Last year downloads flattened, and Pixite’s revenues plunged by a third, to $629,000. Suddenly, a company that needed to bring in $2,000 a day to break even found itself making $1,000 or less. Pixite has no reserves of venture capital to fall back on; ...