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Columns

CalSTRS shows how to cut debt
It turns out public pension debt can be reduced. And the California State Teachers' Retirement System is showing how. CalPensions reports: CalSTRS was bracing to report the nation’s biggest pension debt under new government accounting rules that take effect this fiscal year — $167 billion, an a...
Despite incentives, Tesla stiffs CA
Ensnared by deep contradictions between its regulations and priorities, California officials failed to close a massive deal with automaker Tesla, allowing Nevada to ink a landmark agreement. California and Nevada were just two of the states vying for Tesla's $5 billion "gigafactory," where the ...
Water deal turnoff helped parch L.A.
Los Angeles sure could use extra water right now. But in 2002 the water-locked city forfeited a Golden State opportunity to buy drought-relief water from the Cadiz Inc. water company, mainly due to political pressure from environmental organizations.  Other more nimble public water agencies...
How are Japan’s tax increases working?
Given the desire for even more tax increases for American and California, how are the recent  tax increases working in Japan? TOKYO (AP) -- Japan's economy shrank more sharply in the second quarter than first estimated and the latest indicators suggest only a modest bounce back since then. The w...
Bill rectifies 9/11 scholarship program
It took California legislators until this year's session to restore a scholarship program created in the wake of the 9/11 terrorist attack in 2001. The embarrassing delay came in the wake of years of funding abuses, according to a report finally filed by the State Auditor. The auditor confirmed...
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