Tag "Steven Greenhut"

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Is lack of competition leading to costly electricity glut?

SACRAMENTO – A top California utility official once quipped that he was one of the few executives in the country who earned a profit merely by remodeling his office. He was referring to the way the state’s regulated utility system

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California high court gives insurance commissioner vast new powers

SACRAMENTO – President Donald Trump’s spate of executive orders has jump-started a national debate about the wisdom of executive edicts, especially those that stray into the area of lawmaking. While presidential orders grab the spotlight, the issues of administrative overreach

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GOP tax plan could boost prices for Californians’ insurance

SACRAMENTO – Donald Trump has only been president since Friday, so it’s too early to know what his “America first” policies will mean economically. But an ongoing debate from the world of property insurance could provide hints as to what

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New report: CA high-speed rail faces 50 percent cost overruns

SACRAMENTO –  California’s ongoing “high-speed rail” project connecting Los Angeles with San Francisco continues to run up against the same, recurring problem since voters gave the plan initial bond funding in a 2008 statewide initiative. There’s a growing chasm between

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California cities facing growing pension costs in new year

SACRAMENTO – After two years of miniscule investment returns, the nation’s largest state pension fund – the California Public Employees’ Retirement System – has once again lowered its expected rates of return. Even some CalPERS officials and consultants argue the

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CalPERS considers – then rejects – efforts to end tobacco divestment

SACRAMENTO – As the nation’s largest state-based pension fund, the California Public Employees’ Retirement System is known for using its massive investment muscle to promote various social-investment causes. So-called ESGs – Environmental, Social and Governance issues – are a major

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Court OKs constitutional challenge to new state law affecting farm industry

SACRAMENTO – A federal appeals court last week has taken the highly unusual step of finding a U.S. constitutional cause of action in a challenge to a California state law – the latest wrinkle in a long-running and bitter dispute

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New legislative session puts bail-bonds industry under microscope

SACRAMENTO – At a press conference in the Capitol on Monday morning, California Lt. Gov. Gavin Newsom explained that although he has long championed various reforms to the state’s criminal-justice system, he had in the past rarely even thought about

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Police-reform spotlight shines on the local level

SACRAMENTO – The presidential campaign focused some attention on the long-simmering debate over policing and the appropriate uses of force, but as is typical with national campaigns, the nuances got lost amid ideologically charged soundbites such as “law and order”

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CalPERS staff nudges board to consider lower return rates

SACRAMENTO – There’s bad news coming down the pike for California municipalities following several days of board meetings for the nation’s largest state-based pension fund. Although no action has been taken, it’s clear the California Public Employees’ Retirement System, or

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