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CA sues Morgan Stanley over public pension funds
The State of California has sued investment bank Morgan Stanley, filing a complaint in San Francisco Superior Court, seeking redress for what officials said was massive harm to its public-sector workers. “Public employees in California, including peace officers, firefighters,
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Feds, CA clash over funding private water projects
Last week, President Obama dumped a bucket of cold water over his fellow Democrats in California on water policy. He’s emphasizing private investment, while they’re trying to ban it. His Environmental Protection Agency announced on its website: “WASHINGTON — The
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Water conservation success backfires on policy-makers
A longstanding truism when it comes to needed goods such as water systems, flood control or catastrophic earthquake insurance is that the public wants them but does not want to pay for them. This was confirmed anew by a
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