Referendum of SB 202 is “Checkmate”
Dan Walters in the Sacramento Bee recently opined that a referendum of SB 202 (the bill moving all future ballot measures and the pending “Rainy Day” spending limit negotiated by Gov. Schwarzenegger) is a strategic chess move that could be trumped by Secretary of State reversing a decades long interpretation that allowed initiatives to qualify […]
Schwarzenegger Makes Movie Outside of CA, And other Friday Notes
Arnold Schwarzenegger is back making movies — in New Mexico! In the film titled, “The Last Stand,” Schwarzenegger stars as a small town border sheriff who left the LAPD with a diminished reputation but soon has to prove himself again. Aspect of art imitating life here, don’t you think? As governor, Schwarzenegger fought against runaway […]
Income Inequality is Falling
One of the key narratives of the Occupy Wall Street movements, not to mention the emerging “class war” undertone in political campaigns, is that income inequality is rising. But how true is that narrative, and does it represent an inexorable fact of life in modern America? The LA Times recently shared uncritically a study from […]
The Pension Debate Isn’t Just About the Public Sector
Nearly one-half of California workers will face significant economic hardship in retirement, living on incomes that are less than double the federal poverty threshold. That is one of a number of disturbing but well-documented predictions in Meeting California’s Retirement Security Challenge, a report just released by UC Berkeley Center for Labor Research and Education. The […]