Sacramento Gov. Gavin Newsom has imposed one of the strictest economic lockdowns in the country, which has suspended most economic activity in a state that is unusually dependent on capital-gains revenues. Now that the price is coming due — a…
Sacramento I was thinking of heading to the gas station to see how much the local retailer will pay me to fill up my tank. As the Washington Post explained this week, an oil glut caused “sellers holding U.S. crude…
Sacramento When Orange County went belly up in 1994, the stories seemed to write themselves. One of the nation’s richest counties couldn’t pay its bills. Quirky Treasurer Bob Citron was the only Democrat elected to countywide office, yet Republican officials…
California’s economy is slowing, and it couldn’t come at a better time. Don’t get me wrong — as a worker, investor, and property investor, I’d love to see the economic good times go on forever. But as someone who has…
Sacramento After California Republicans were obliterated in the November midterm elections, I’ve heard from a number of conservative-minded compatriots who are understandably worried about what the Democrats’ new super-duper legislative majorities will mean for the state. They’re not alone. In…
A former deputy commissioner at the Social Security Administration (SSA) says pension trustees are assuming higher investment returns than in the past due to accounting trickery — despite what’s being widely reported in the public sphere. Andrew Biggs, a resident…
Sacramento Gov. Jerry Brown has been signing hundreds of bills, but this week he vetoed two that would have banned smoking and vaping along 300 miles of California’s coastline and at state parks. “If people can’t smoke even on a…
Sacramento Yet another prominent study highlights the depth of California’s and the nation’s pension crisis. The Pew Charitable Trusts recently released a report on the “state pension funding gap” — i.e., the $1.1 trillion-dollar divide between the assets governments have…
Sacramento Under the “leadership” of Gov. Jerry Brown and legislative Democrats, the state government has increased its spending a dramatic $36 billion over the last six years, but never managed to put any additional funding into transportation and infrastructure —…
Sacramento The nation’s largest state-based pension fund, the California Public Employees’ Retirement System (CalPERS), has long been known for using its investment muscle to push for “socially responsible” investments — and for strong-arming private companies to follow its politically correct…
