Tag "Standard & Poors"

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LAO raises doubts about teachers’ pension bailout

A new report from the nonpartisan Legislative Analyst’s Office is raising questions about the long-term effectiveness of the Legislature’s 2014 bailout of the California State Teachers’ Retirement System, which will nearly double annual funding to cover CalSTRS’ obligations when it

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Upbeat S&P report on CA also has CalSTRS warning

The recent Standard & Poor’s report upgrading California’s credit rating prompted headlines not just in the Golden State but in Washington and on Wall Street, where it was depicted as part of Gov. Jerry Brown’s narrative of the state’s continuing

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AG Harris’ housing bubble lawsuits ignore what inflated bubble

Feb. 10, 2013 By Chris Reed California Attorney General Kamala Harris is among the many Americans of all political persuasions who are outraged that few are taking the fall for the grotesque irresponsibility that led to the housing bubble, its

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S&P forces Democrats to balance budget

June 13, 2012 By Katy Grimes This morning Assembly Speaker John Perez, D-Los Angeles, and Senate President Pro Tem Darrell Steinberg, D-Sacramento, anounced big solutions for the state’s budget problems. They said the Senate and Assembly budget proposals, due on

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California Crossroads to Hell

John Seiler: According to legend, fabled bluesman Robert Johnson made a pact with the devil at a “crossroads” in Mississippi where he sold his soul to gain mastery of the blues. Eric Clapton long has played a version of Johnson’s

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