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Investigative Reports

Fresno beats SF, San Jose in economic growth

January 28th, 2015 By Wayne Lusvardi. The gleaming high-tech companies of San Francisco and Silicon Valley now are California's face to the world -- even more than Hollywood. But -- surprise! -- an updated Brookings Institution study found the inland metropolitan areas of California beat out the upscale coastal cities in the Bay Area and Silicon Valley for overall economic growth in 2013-14. What most Californians hea...

Comparing CalPERS and CalSTRS with AT&T retirement

January 27th, 2015 By Wayne Lusvardi. Following yesterday’s story, “State pensions improve, but members living longer,” it would be useful to compare California’s two large state retirement funds with a roughly equivalent private one, AT&T. Most private companies have switched to “defined contribution” pension plans, in which the employer pays a defined sum in to a fund, such as a 401(k), ...

State pensions improve, but members living longer

January 26th, 2015 By Wayne Lusvardi. Is it morning in California for the California Public Employees' Retirement System and the California State Teachers' Retirement System? Both CalPERS and CalSTRS’ funds have performed better lately, even as members are living longer. CalPERS is doing much better since 2008, when it lost 27.8 percent of the value of its investment portfolio as the Great Recession struck hard. Accord...

State facing flood protection shortfall

January 22nd, 2015 By Dave Roberts.   With California mired in the third year of drought, it might seem strange that an Assembly committee recently held a hearing on flooding. That is, unless you’re one of the 6.6 million northern California residents who received a National Weather Service Flash Flood Warning last month after weeks of steady and occasionally torrential rain. Kayakers were rowing through central ...
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