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Government ‘investing’ in government

October 5, 2012 By admin. Oct. 6, 2012 By Katy Grimes In order to stimulate the inert economy, we now have the government investing in government. The public sector is trading public dollars for public dollars. "How will you spend your future?" the California State Teachers Retirement System logo asks. I wouldn't spend it on a solar plant. Nor would I voluntarily spend my future with CalSTRS. 'Infrastructure...

Politics driving CA pension investments

October 5, 2012 By Joseph Perkins. Oct. 5, 2012 By Joseph Perkins The California State Teachers’ Retirement System announced this week that it is sinking $42.8 million into four infrastructure projects, including a solar power plant near Sacramento. That follows CalSTRS’ previous “investment” in another solar-power plant near the state capital, which will be operated by SunEdison of Belmont. Said Harry Keiley, ...

Public employee pensions: Some contracts are more sacred than others

October 5, 2012 By admin. Third in a series on public pensions. The first is here and the second here. Oct. 5, 2012 By Mark Cabaniss On Wednesday, the city of Atwater declared a fiscal emergency, putting it on the path to become the fourth California city to declare bankruptcy this year, joining San Bernardino, Mammoth Lakes and Stockton.  Unfortunately, these four cities seem to be just the tip of the iceb...

Price shock shuts down Calif. independent gas stations

October 4, 2012 By admin. Oct. 4, 2012 By Wayne Lusvardi In a scene reminiscent out of the mid-1970’s oil shortages, it is being reported that independent gas stations are being shut down in California due to a shortage of supply and a resulting spike in wholesale gasoline prices. Bloomberg news is reporting Costco has closed its gas stations in the Los Angeles and San Francisco areas. San Diego Fox News St...
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