CalPERS’ Effort to Become a Lender Takes Curious Turn with Sudden CIO Resignation
Now that the California Public Employees’ Retirement System has decided to become a lender, it follows that the taxpayers who finance the pension fund have the right to know what types of loans will be made and to whom. The process, though, will unlikely be sufficiently transparent. There is legitimate concern that CalPERS will be […]
Has the Legislature Reduced Its Bill Load?
Has the California Legislature reduced the number of bills it is considering and voting on this Session due to the pandemic and their two lengthy shutdowns? This is the first question being discussed in and out of the State Capitol the past few months. And, the answer is a resounding yes. The second question being […]
Another version of ‘ethnic studies’
A year ago, the California Department of Education released a draft of guidelines for implementing “ethnic studies” in public high schools. It unleashed a torrent of controversy — for good reason. The 303-page document was ersatz Marxist agitprop that, if adopted, would have drummed into young minds the notion that in America, anyone not a […]
California’s homelessness crisis is about to get real
The homelessness crisis is about to get real. Up until now, the crisis that has been termed “homelessness” has been made up of a significant, if disputed, percentage of problems that can’t be fixed with housing alone. Billions of dollars have been thrown at non-solutions such as “supportive housing” that costs up to $700,000 per […]