May 21, 2013 By Sagar Jethani After being threatened with contempt by a panel of federal judges for failing to sufficiently reduce the number of prisoners in California's jails, Gov. Jerry Brown reluctantly unveiled a plan this month to further reduce the Golden State's overcrowded prisons ...
Posts Tagged ‘Pension Reform’NEW: California’s prison guards lock up reformsTuesday, May 21st, 2013Yes, govt. pensions can be completely canceledWednesday, May 15th, 2013May 15, 2013 By John Seiler We're constantly told that California governments have a "constitutional obligation" to pay for the pensions of public-sector employees. Except when there's no money left. If a city, county or even the state goes absolutely flat broke, then nothing will be paid. ... 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... Neighborhood Legislature could restore accountabilityWednesday, March 27th, 2013 March 27, 2013 By Katy Grimes Big spending on California politics has become one of the state’s largest industries. But the return on investment is lousy. California’s political system has become so heavily manipulated by labor unions and other big money interests that the system is bro... Stockton bankruptcy judge’s pedigree, history offer hopeWednesday, March 27th, 2013 March 27, 2013 By Chris Reed The stakes are immense in the four-day trial in Sacramento's federal bankruptcy court this week. The New York Times frames the issue well: "Wall Street is taking America’s biggest pension fund to court this week, for a long-awaited battle over who takes the loss... LAO: CalSTRS massively underfundedTuesday, March 26th, 2013 March 26, 2013 By Katy Grimes SACRAMENTO -- The state’s Legislative Analyst released another stinging report last week showing the California State Teachers' Retirement System suffers $73 billion of unfunded pension debt. But CalSTRS is using doubtful figures to minimize the billions in deb... 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... San Diego mayor embraces voter nullificationFriday, March 1st, 2013March 1, 2013 By Chris Reed In 2006, San Diego voters gave a landslide win to a ballot measure that would force groups of city workers to compete against private firms for the right to provide city services in a process known as "managed competition." For four years, union supporters on the... New San Diego Mayor Bob Filner displays anger management problemFriday, February 22nd, 2013 Feb. 22, 2013 By Chris Reed What happens when a veteran congressman with a history of anger management issues and an apparent disinterest in understanding how city government works becomes mayor of California's second-largest city? San Diegans are finding out as they deal with their cit... |