Babe Ruth World Series, Williston, North Dakota -- 50,000 Expected For The 8-Day Tournament -- August 19, 2016

From The Williston Wire:

Babe Ruth World Series officials expect attendance to hit about 50,000 for the eight-day tournament.

The World Series started on Saturday, Aug. 13 with ten teams from across the US.

The teams and fans were treated to a special banquet on Friday night featuring former Minnesota Twins pitcher Jack Morris.

The Williston Herald's Jeffrey Giuliani was there... Jack Morris knows a thing or two about winning. He led Major League Baseball's American League in wins twice in an illustrious career that spanned 18 years.

And if that wasn't enough, he has four World Series titles to his name to prove it. Morris, a Babe Ruth League alumnus, was the guest speaker at the Aug. 12 Banquet of Champions at Williston State College, ushering in the beginning of the 13-15 Babe Ruth World Series.

A link to the Williston Babe Ruth World Series is at the sidebar at the top. 

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Measuring Wealth

I've said the same thing for years. 

There’re two huge holes in that. The first is that it entirely excludes any defined benefit pensions. That fireman retiring at 55 with a $60,000 a year pension we would think is reasonably wealthy really. This CBO method of measurement defines him as having no wealth – that $60 k a year off into the future doesn’t count. Nor do retiree health benefits and so on and on. It’s simply not a good measure of wealth, especially for the average family where home equity and a pension are likely to be the two major sources of whatever household wealth there is.

For example, someone who has saved into a 401 (k) to produce a $60k a year pension would be defined as having more than $1 million in wealth (yes, that’s the sort of amount you need for such a pension). Someone with a government pension which will pay him $60,000 a year, or even a corporate pension in many cases, will be described as having zero wealth. Whut?

When I talk with financial advisors they often say I need more diversity, some bonds, etc. I mention social security and pension and they say that does not count. Whut?