CalPERS’ Effort to Become a Lender Takes Curious Turn with Sudden CIO Resignation

Kerry Jackson
Kerry Jackson is a senior fellow with the Center for California Reform at the Pacific Research Institute.

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 […]

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Cancel Culture Finds the SF Museum of Modern Art

Kerry Jackson
Kerry Jackson is a senior fellow with the Center for California Reform at the Pacific Research Institute.

A “white supremacist” organized exhibits for the San Francisco Museum of Modern Art for nearly 20 years? How did his hateful bigotry go undetected for so long in a city whose vanity is in large part fueled by its Wokeness? Gary Garrels, the museum’s senior curator of painting and sculpture, resigned earlier this month over […]

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CalPERS, Corruption And Cronyism

Kerry Jackson
Kerry Jackson is a senior fellow with the Center for California Reform at the Pacific Research Institute.

The California Public Employees’ Retirement System, which has a history of making poor choices, plans to become a lending institution. A healthy pension fund wouldn’t be making such a risky decision.  Still hurting from $100 billion in losses from the Great Recession, CalPERS was bruised again by the coronavirus pandemic. Now, funded at only 71%, […]

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State Move Toward All-Electric Buildings Would Be Another Hit to California’s Working Class

Kerry Jackson
Kerry Jackson is a senior fellow with the Center for California Reform at the Pacific Research Institute.

At roughly the same time the state Air Resources Board issued a rule forcing trucks and vans to transition from diesel to electric motors, the state moved closer to a policy framework in which new buildings must be all-electric. The smiling environmental lobby feels no mercy toward the poor, who will have to carry the […]

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Newsom: Police And Firefighters Will Be Laid Off But We’ll Spend Millions To Enforce AB5

Kerry Jackson
Kerry Jackson is a senior fellow with the Center for California Reform at the Pacific Research Institute.

Gov. Gavin Newsom is leveraging the state’s $54.3 billion budget deficit. Give us what we want, he demands, or public safety programs will be cut. At the same time, he wants $20 million to enforce Assembly Bill 5, maybe the most damaging piece of legislation that ever became law in California. Appearing on CNN, Newsom […]

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Universal Basic Income — Just Another Welfare Program That Will Fail

Kerry Jackson
Kerry Jackson is a senior fellow with the Center for California Reform at the Pacific Research Institute.

Earlier this year, a universal basic income bill was introduced in the California Assembly. Should it become law, every resident 18 and over would receive $1,000 a month from the public fisc. Now U.S. House Speaker Nancy Pelosi is talking about including a guaranteed minimum income in the next round of coronavirus aid legislation.  What […]

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Coronavirus State Of Emergency — Under Single-Payer, California Would Be In A Permanent State Of Emergency

Kerry Jackson
Kerry Jackson is a senior fellow with the Center for California Reform at the Pacific Research Institute.

For most of us, the coronavirus pandemic is an ordeal we’re slogging our way through. However, some are seizing the opportunity to appeal for support for the health care schemes that have failed other nations. Vermont Sen. Bernie Sanders, for one, has gone as far as to claim that Medicare for All would have been […]

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How State Policy Makers Can Avoid It Becoming Siligone Valley

Kerry Jackson
Kerry Jackson is a senior fellow with the Center for California Reform at the Pacific Research Institute.

As unlikely as it seems, we could see in our lifetimes the decline of Silicon Valley, maybe the most dynamic economic and innovation machine man has ever known. Can it be avoided? Facebook cofounder Mark Zuckerberg, who’s earned Silicon Valley’s grandest fortune, said at last month’s 2020 Silicon Slopes Tech Summit in Utah that “I […]

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San Francisco Mayor: Hardest Job in America?

Kerry Jackson
Kerry Jackson is a senior fellow with the Center for California Reform at the Pacific Research Institute.

London Breed breezed through her re-election at the beginning of the month, taking almost 70% of the vote in San Francisco’s mayoral race. But in winning, she might have also lost. No big-city mayor in the country has a tougher job ahead of them.  San Francisco’s troubles start with a hardened homelessness problem, and what […]

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California’s AB 5 will kill the gig economy and force more companies to leave

Kerry Jackson
Kerry Jackson is a senior fellow with the Center for California Reform at the Pacific Research Institute.

Proposition 13 was called the political equivalent of a sonic boom by economist Art Laffer. In limiting how much local governments could drain from Californians through property taxes, fed-up voters changed the political landscape with the 1978 ballot measure in a way that few state policies have, before or since. Howard Jarvis’ Proposition 13 swept […]

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