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California pension funds pushed by politicians to divest from gun industry

SACRAMENTO – California’s two major pension funds, the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS), control more than $500 billion in total assets, making them two of Wall Street’s most influential investors. They

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Democratic candidates for California governor reveal positions on single-payer health care and education

The 2018 governor’s race got off to an informal start last week with candidate forums in Anaheim and San Francisco. Former San Francisco mayor Gavin Newsom leads all gubernatorial candidates in polling and fundraising. A September Berkeley IGS survey showed he

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Gavin Newsom announces new plan calling for housing boom

SACRAMENTO – If the past is any guide, California’s Legislature will declare its recently passed housing-affordability package a success and move on to the many other priorities that dominate Capitol discussions once lawmakers return in January. But the housing package

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Secure Choice retirement program up against powerful federal law

An unprecedented state law meant to create 401(k)-style retirement accounts for millions of private-sector workers in California now faces a daunting obstacle to ever being implemented: one of the most powerful federal laws on the books. Under the state law

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Credit industry circles California pot banking

  As Gov. Jerry Brown’s administration turns toward tidying up California’s complex and still-unsettled marijuana laws, the massive market for money made from the plant’s products has begun to attract attention from financial services companies that want to take advantage without

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Will L.A. Mayor Eric Garcetti join crowded 2018 governor’s race?

Los Angeles Mayor Eric Garcetti’s landslide re-election win Tuesday led to inevitable speculation that he would join the crowded 2018 Democratic gubernatorial field. Lt. Gov. Gavin Newsom, with his high profile and access to the deep-pockets of Bay Area and

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Poll: Republican gubernatorial candidates would perform well behind Democrat Newsom

Good news for California Republicans: In a field of nine candidates for the 2018 gubernatorial race, they have two of the top three names, according to a poll released Tuesday. San Diego Mayor Kevin Faulconer and Ashley Swearengin, the termed-out

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CEO out, but heat still building on Wells Fargo

John Stumpf abruptly resigned Wednesday as CEO and chairman of the scandal-torn San Francisco-based banking giant Wells Fargo. But much more fallout is expected over the revelation last month that Wells Fargo had fired 5,300 employees for fraudulently signing up customers

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Wells Fargo punishment spreads from CA

  In the wake of California’s unprecedented punishment of San Francisco-based Wells Fargo for bogus lending practices, legal sanctions spread eastward, with other state officials and Hillary Clinton herself going after the bank. Already, in Washington, members of the House Financial

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CalWatchdog Morning Read – September 29

SoCal school district using loophole to pay board members for meetings they didn’t attend CA suspends investment accounts with Wells Fargo over scandal Rep. Janice Hahn sued by opponent over $324,000 in illegal campaign funds in L.A. supervisors race Gov. Brown vetoes

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