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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
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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,”
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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 and
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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
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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
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CA, Tesla and the slippery slope to crony capitalism
The decision of Tesla to locate its “gigafactory” in the Reno area instead of California offers critics of the state’s business climate a chance to once again knock Gov. Jerry Brown and other state leaders for failing to care about
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Debra Bowen revelations appear to explain her failure on job
Saturday’s Los Angeles Times’ bombshell about Secretary of State Debra Bowen’s struggles with depression struck a sad chord with many people who have struggled with mental illness or had a family member with such problems. Two months before Californians go
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In debate gaffe, Jerry Brown channels Gerald Ford
The Sacramento press corps has been acting bored with the governor’s race ever since the spectacle of Tim Donnelly as the GOP nominee faded away. So now we have a debate in which Jerry Brown makes a debate gaffe as
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In fighting drought, San Antonio leaves L.A. in the dust
Could cities such as drought-vulnerable Los Angeles come to regret that a “privatization” provision in the old $11.1 billion state water bond was removed? Back in 2009, there was an outcry against language in the original version of a
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