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CalSTRS unfunded liability hits new high

CalSTRS web site
April 14, 2014 By James Poulos. The California State Teachers' Retirement System just announced it faces $73.7 billion in long-term liabilities. Left untouched, that would spell bankruptcy in 2043. For critics of California's public-employee pensions programs, the grim numbers heighten the urgency for reform. If CalSTRS wants to address its shortfall, it has to get legislative approval. CalSTRS is the product...

Video: Teacher challenges teachers’ unions

Video: Teacher challenges teachers’ unions
April 14, 2014 By John Seiler. Editor-in-Chief Brian Calle interviewed Rebecca Friedrichs, a 25-year Orange County school teacher. She is tired of the California Teachers' Association and its parent union, the National Education Association, taking her money without her consent for their political agenda. She's going to take her fight all the way to the U.S. Supreme Court. ...

Silicon Valley and Bakersfield Oil Patch lead CA jobs recovery

Bakersfield, wikimedia
April 13, 2014 By Wayne Lusvardi. What cities can California look to for jobs growth to pull it out of its laggard growth since the 2008 economic recession? A new online economic tracking tool called Metro Monitor by the Brookings Institution ranks metropolitan areas in the United States by jobs growth before the recession and during the recovery, then calculates the net gain (or loss).  By entering any large metropo...

Why CA has an affordable housing crisis

California population_2
April 12, 2014 By Joseph Perkins. What a long strange trip it’s been for the Pebble Beach Company since it unveiled its Del Monte Forest development plan all the way back in 1987. In the ensuing 27 years, PBC has revised its plan innumerable times only to have state regulators or local government bodies block the company from breaking ground on any construction project on any of the undeveloped land it owned. The...
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