A county supervisor said the investment loss might have reached $2 billion, a third more than previously thought.
Then came years of investment losses and double-digit increases in health care costs.
In other words, the alternatives are all so terrifying that even a marginal investment loss might be considered a good deal.
Global Factors would sustain the biggest investment loss in corporate history.
Investors shrugged off Microsoft's announcement of a $2.6 billion investment loss.
But the impact of investment losses on property and casualty companies, she said, is not clear.
The suits put the value of the investment losses at $41 million.
The company has pumped $6.4 billion into the pension fund over the last three years to make up for investment losses.
And no increases are permitted immediately after a year of investment losses.
Will investment losses make them reign in their spending, threatening world economic growth?