"A big-city labor leader, an investment expert and a long-time senior public start talking about public-employee pensions.... They agreed that the first objective in pension investments should be to assure that the money would be there to pay benefit obligations when they come due. But they also agreed that ... pensions should invest in a way to address the enormous infrastructure needs of state and local government and that doing so could, in fact, earn the funds a more than adequate return."  MORE >>