Pension Reform
Back to homepageStockton bankruptcy judge’s pedigree, history offer hope
March 27, 2013 By Chris Reed The stakes are immense in the four-day trial in Sacramento’s federal bankruptcy court this week. The New York Times frames the issue well: “Wall Street is taking America’s biggest pension fund to court this
Read MoreCalPERS boss: Losses on ‘cleantech’ bets are ‘noble’
March 23, 2013 By Chris Reed It’s not just President Barack Obama and Gov. Jerry Brown who have drank the green Kool-Aid and bought into the idea that “green” jobs and energy can be America’s economic salvation. It’s also that
Read More
How to overfill prisons: Have SEC look at CA school districts
March 20, 2013 By Chris Reed The federal indictments this week of CalPERS’ former president and his alleged briber show that the federal government does occasionally notice the outrageous behavior of our state government. But what about the Securities and
Read MoreCA Dem lawmakers figuring out something rotten in CalPERS
March 19, 2013 By Chris Reed On Monday, the day that finally saw criminal charges filed over CalPERS’ brazen pay-to-play bribery scheme, there were signs that some Democratic state lawmakers finally are figuring out that believing California’s pension status quo
Read MoreDe Leon clueless on why people can’t retire
March 14, 2013 By John Seiler A story in Roll Call magazine, which reports on the U.S. Congress, inadvertently explains why Democrats don’t get what’s going on in California. It reports: “Kevin de León, a California state senator, likes to
Read MoreL.A. Times story on pension reform: Dumb de dumb dumb
March 11, 2013 By Chris Reed The Los Angeles Times reported over the weekend that public employee unions are suing to block some of the pension reforms that Gov. Jerry Brown got through the Legislature last fall. “Advocates for the changes
Read More
Train agency ‘raids’ CalPERS for exec talent: Oy vey!
March 6, 2013 By Chris Reed When the press release came out Monday that the California High-Speed Rail Authority had recruited a top executive away from the California Public Employees’ Retirement System, a Tweet from former Los Angeles Times journo
Read MoreSan Diego mayor embraces voter nullification
March 1, 2013 By Chris Reed In 2006, San Diego voters gave a landslide win to a ballot measure that would force groups of city workers to compete against private firms for the right to provide city services in a
Read MorePicking mayors: When will L.A. voters be as smart as N.Y. voters?
Feb. 8, 2013 By Chris Reed Despite some pension reforms and program cuts, the city of Los Angeles remains in difficult financial shape. A Jan. 24 Fitch credit-rating service analysis says the L.A. economy is rebounding, but that city leaders
Read More
This is Zen? Jerry Brown won’t fight for sole real achievement
Jan. 28, 2013 By Chris Reed The Jerry Brown ego trip is still running strong, nearly three months after he sold much of California and nearly all of the media on the idea that raising sales taxes on everyone and
Read More