Prepaying on CalPERS Massive Unfunded Liabilities
Governor Brown wants to prepay the California Public Employees Retirement System (CalPERS) with $6 billion beyond what most had expected. The source of the funds is the Surplus Money Investment Fund. Don’t ask me why a state with a $169 billion unrestricted net deficit has some $50 billion in a low interest bearing account with […]
One simple trick for California’s carbon diet: a robust cap-and-trade system
Almost every January 1st I set a personal goal for weight loss. That’s easy. The hard part comes the following 364 days while I try different strategies to shed the pounds. On January 1, 2021, California must begin implementation of its ambitious goal to reduce greenhouse gas emissions 40 percent below the 2020 levels. This is the equivalent of […]
AB 5—For Business, the Worst Bill of the Year?
The only problem with holding a contest to decide the worst bill introduced in the Legislature this year is: How do you pick just one? Well, I have a contender for you! AB 5, authored by Assemblymember Lorena Gonzalez-Fletcher (D-San Diego) and Assemblymember Ash Kalra (D-San Jose) prohibits California businesses with as few as 10 […]