Tag "Janet Yellen"
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Middle class fading away…
The middle class in California and the rest of America keeps fading away under assaults from Republicans and Democrats, Presidents Bush and Obama, Govs. Schwarzenegger and Brown. The latest from AP: “Since 2008, the number of people who call themselves
Read MoreJobs crash endangers Brown budget
Uh oh. Just a day after Gov. Jerry Brown's budget spending splurge proposal, the latest U.S. jobs numbers came in. Unemployment in December dropped to 6.7 percent, which is good. But only 74,000 jobs were created, which is really bad.
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Inflation could quickly erode CalPERS pensions
CalPERS retirees could be in for a surprise. The California Public Employment Retirement System payments include a 2 percent inflation increase every year, called a Cost of Living Adjustment. In recent years, the federal government’s Consumer Price Index, which tracks inflation, has
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