Posts Tagged ‘CalPERS’CA public sector: Laws? We don’t need no stinking lawsSunday, May 12th, 2013 May 12, 2013 By Chris Reed In the private sector, there are all kinds of laws that govern employment, conduct, conflict of interest and appropriate use of shareholder funds. They may not always be enforced, but in the best-run companies, they are usually taken seriously. In the public secto... Seniors decry CalPERS long-term care rate hikesFriday, May 10th, 2013 May 10, 2013 By Dave Roberts If you’re curious what health care insurance might be like when the government takes it over, a preview was provided on Tuesday at an informational hearing of the Assembly Committee on Aging and Long-Term Care. State Capitol Room 127 was packed with seniors angry... LAT’s Steve Lopez: Pension crisis real — not unions’ fault. Huh?Wednesday, April 24th, 2013 April 24, 2013 By Chris Reed The unsustainability of the public employee pension system in California has been obvious for at least six or seven years to anyone who understood two simple facts: the demographics of our aging government workforce and the irrationality of CalPERS' argument in 199... SEC charges Chicago-based investment adviser with defrauding CalPERSThursday, April 18th, 2013April 18, 2013 By Josephine Djuhana The SEC released a statement today, charging Chicago-based investment advisory firm Simran Capital Management with lying to CalPERS regarding the amount of money managed by the firm. The president and sole owner of the firm, Umesh Tandon, is alleged to have ... California government as organized looting, chapter 237Friday, April 5th, 2013 April 5, 2013 By Chris Reed The longer I've lived in California, the more governance here seems to resemble organized looting of taxpayers. It's not just the showy and ridiculous things, like the longtime president of the CalPERS governing board being a top official in the California Federatio... Bankruptcy judge rejects CalPERS’ claim to protected statusWednesday, April 3rd, 2013 April 3, 2013 By Chris Reed As John Seiler pointed out here Tuesday, Monday's court ruling by U.S. Bankruptcy Judge Christopher Klein isn't seen as definitive. Yes, the city of Stockton can proceed with its bankruptcy filing. No, Klein doesn't yet agree with the city's plan to only short bond... Steve Maviglio, pension sage: Why it’s a laughable spectacleTuesday, April 2nd, 2013 April 2, 2013 By Chris Reed Steve Maviglio, a leading consigliere to top Sacramento Democrats for more than a decade, now regularly pretends to a new role. Even though he's on Speaker John Perez's payroll, Maviglio offers himself up on Twitter in the quasi-journalistic role of reasoned, reas... CalPERS boss: Losses on ‘cleantech’ bets are ‘noble’Saturday, March 23rd, 2013March 23, 2013 By Chris Reed It's not just President Barack Obama and Gov. Jerry Brown who have drank the green Kool-Aid and bought into the idea that "green" jobs and energy can be America's economic salvation. It's also that lumbering, bumbling, scandal-ridden monument to all that is bad ... How to overfill prisons: Have SEC look at CA school districtsWednesday, March 20th, 2013March 20, 2013 By Chris Reed The federal indictments this week of CalPERS' former president and his alleged briber show that the federal government does occasionally notice the outrageous behavior of our state government. But what about the Securities and Exchange Commission? It went after the... CA Dem lawmakers figuring out something rotten in CalPERSTuesday, March 19th, 2013 March 19, 2013 By Chris Reed On Monday, the day that finally saw criminal charges filed over CalPERS' brazen pay-to-play bribery scheme, there were signs that some Democratic state lawmakers finally are figuring out that believing California's pension status quo is ridiculous isn't just partis... |