Tag "pensions"
Back to homepageSEC charges Chicago-based investment adviser with defrauding CalPERS
April 18, 2013 By Josephine Djuhana The SEC released a statement today, charging Chicago-based investment advisory firm Simran Capital Management with lying to CalPERS regarding the amount of money managed by the firm. The president and sole owner of the
Read MoreHas California been saved?
April 8, 2013 By Steven Greenhut SACRAMENTO — Ever since California’s voters approved the Prop. 30 sales- and income-tax increase on the November ballot, liberal commentators have been gloating about the resurgence of the Golden State after many years of
Read MorePensions at heart of bankruptcy
April 1, 2013 By Steven Greenhut SACRAMENTO — Few nonlocal people typically pay much attention to the goings-on in Stockton, a hard-pressed Gold Rush-era industrial city of about 300,000 that sits in the agriculturally rich San Joaquin Valley, at the
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Neighborhood Legislature could restore accountability
March 27, 2013 By Katy Grimes Big spending on California politics has become one of the state’s largest industries. But the return on investment is lousy. California’s political system has become so heavily manipulated by labor unions and other big
Read MoreLAO: CalSTRS massively underfunded
March 26, 2013 By Katy Grimes SACRAMENTO — The state’s Legislative Analyst released another stinging report last week showing the California State Teachers’ Retirement System suffers $73 billion of unfunded pension debt. But CalSTRS is using doubtful figures to minimize the
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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 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 MoreCA leaders still attacking businesses, jobs
March 11, 2013 By Katy Grimes While I am an eternal optimist, it is impossible to ignore that California is bleeding jobs. I am also a realist. Unfortunately for the Golden State, California’s leaders and lawmakers continue to ignore the
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
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Video: Can closing down public pensions save California?
March 1, 2013 CalWatchDog.com writer John Hrabe explains how public-employee unions continue to fight pension reform in San Diego:
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