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Warnings about AB32 sink in with national media
Since California’s adoption of Assembly Bill 32 in 2006, business interests have emphasized the law’s long-term effects on economic competitiveness. The measure requires the state to shift to cleaner-but-costlier forms of energy, reaching 33 percent of electricity supplies by 2020.
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Latest scandal: Why you would be nuts to believe CalPERS
The Sacramento Bee has the basic details on a new CalPERS contretemps: “A former CalPERS employee who alleged she was fired for challenging a cover up of insider trades by fund staff settled her wrongful termination case this morning. “Jeannine
Read MoreWhere are the ‘moderate’ Democrats?
Feb. 15, 2013 By John Seiler Now is the time for moderate Democrats to step forward. Controlling every statewide office and with supermajorities in both houses of the California Legislature, Dems rule the roost. But unchecked power devours itself. Steven
Read MoreBeing CalPERS means never having to say you’re sorry
Jan. 20, 2013 By Chris Reed So CalPERS is found to allow ridiculous, outrageous double-dipping by salaried employees that boosts their pay (and probably their pensions), and faces sharp criticism. So when the giant pension fund responds, does it do
Read MoreAgency lauds enormous fine on business
Jan. 18, 2013 By Steven Greenhut When you talk to business owners who are considering a move out of state, their main complaint is not typically California’s sky-high tax rates or the myriad regulations they face. Their main frustration is the
Read MoreBloomberg News breaks new ground on state’s dysfunction
Dec. 12, 2012 By Chris Reed There are so many killer facts in the Bloomberg News story from Tuesday on how California went to hell that I barely know where to start. So many have never been exposed by the
Read MoreCalifornia politicians love to tax like the French
Nov. 4, 2012 By Chriss Street Support for Proposition 30, the income and sales tax increase touted by Gov. Jerry Brown, has fallen below the critical 50 percent needed for passage for the first time in the California Field Poll.
Read MoreGreenhut: California businesses are wimps on high taxes
Oct. 17, 2012 By John Seiler Our colleague Steven Greenhut writes in Bloomberg on how many California businesses are selling out the state on taxes: “While the proposition’s Lincoln Club backers are conservative, most corporate political players in California have hardly been
Read MoreCalPERS reveals its true colors
Steven Greenhut: When the California Public Employees’ Retirement System — the nation’s largest retirement system, albeit one plagued by scandal — was pushing for massive retroactive pension increases for California government employees in 1999, the system released a report that,
Read MoreCalSTRS Drops Fund Projections
John Seiler: Putting its investment projections slightly more in line with reality, yesterday CalSTRS downgraded its fund forecast. According to its own announcement, “The governing board of the California State Teachers’ Retirement System (CalSTRS) today adopted a new set of
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