Why is CalPERS Underperforming?
The biggest fiscal challenge facing California remains underfunded pensions. Ed Mendel’s Calpensions.com site featured a great chart showing how CalPERS’ current 75 percent level of funding has failed to repeat two previous restorations of value to above 100 percent. That article comes shortly after the fund reported its lowest gains since the Great Recession. Why […]
Xenophobia, Trump and Trumka
Donald Trump’s xenophobia is undeniable. He’s built a campaign on blaming foreigners, be they immigrants in the U.S., global refugees, or just anybody overseas. And they are blamed for everything — for trade deficits, lost jobs, terrorism and just about anything that comes to his bigoted mind. The Democrats and Democratic interest groups are rightly […]
The Time is Now for the California WaterFix
Last week, the State Water Resources Control Board began a series of hearings on the California WaterFix, the plan to update the state’s aging water infrastructure. Our Southern California region is highly dependent on this infrastructure, with one-third of our fresh water flowing from the Sierra Nevada Mountains through the Sacramento-San Joaquin Delta. In total, 25 […]
Two Reporters Walked Into a Bar…
Well, not really. Two reporters moved from California to Texas and last week both of them wrote stories about companies moving to the Lone Star State. In the Dallas Morning News, Jill Cowan wrote a piece about how financial firms are shifting their business operations out of hyper-expensive New York City to “lower cost, more business-friendly […]