Capital & Main recently looked at a spate of negative headlines about public pension funds, spurred by data that State Controller John Chiang released on his new public data site at ByTheNumbers.sco.ca.gov.
Chiang has served as Controller since 2006, acting as California’s Chief Fiscal Officer. He was recently elected as State Treasurer and will switch to that office next year. In both roles, Chiang sits on the Boards of Administration for the two largest public employee funds, California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS).
Capital & Main followed up with the Controller to ask about the state of pension systems in California and how those systems should be looking to the future.
The data you posted on your By the Numbers site led to many existing critics of pension saying “See?
» Read more about: Controller John Chiang on the Future of California’s Public Pensions »
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California is in the midst of what is arguably the worst drought in its recorded history.
Powered by Cincopa Video Hosting for Business solution.California’s Megadrought in the Central ValleyPictures of land and people in California’s Central Valley impacted by the state’s historic drought.Dead orchards are bulldozed and woodchipped to make into compost.flash 16cameramake Canonheight 600orientation 1camerasoftware Adobe Photoshop CC 2originaldate 10/28/2014 5:34:26 PMwidth 900cameramodel Canon EOS 5D Mark IICitrus grower Bryan Hixson alongside the Friant-Kern Canalflash 16cameramake Canonheight 600orientation 1camerasoftware Adobe Photoshop CC 2originaldate 10/28/2014 12:23:12 AMwidth 900cameramodel Canon EOS 5D Mark IIAlmond husks. Almonds are highly water-intensive, but growers are holding onto their almond fields and even switching over to the crop because it yields among the highest profit margins.flash 16cameramake Canonheight 600orientation 1camerasoftware Adobe Photoshop CC 2originaldate 10/28/2014 7:10:32 PMwidth 900cameramodel Canon EOS 5D Mark IIBoth the high-speed rail and the effort to restore the San Joaquin salmon run are political third rails in the Central Valley.flash 16cameramake Canonheight 600orientation 1camerasoftware Adobe Photoshop CC 2originaldate 11/6/2014 12:00:38 AMwidth 900cameramodel Canon EOS 5D Mark IICitrus grower Gus Carranza in his fieldsflash 16cameramake Canonheight 600orientation 1camerasoftware Adobe Photoshop CC 2originaldate 10/27/2014 8:13:52 PMwidth 900cameramodel Canon EOS 5D Mark IICalifornia’s Proposition 1 was an emergency measure to mitigate the drought situation,
“Racism doesn’t take a break when it rains and neither will we,” Priscilla Ocen, a professor at Loyola Law School, announced over a loudspeaker outside the Stanley Mosk Courthouse in downtown Los Angeles Tuesday. Before her stood a crowd of about 200 people, mostly lawyers and law students, who braved a downpour to protest state violence from South L.A. to New York City, culminating in a four-minute-and-thirty-second “die-in” — representing the four-and-a-half hours that police in Ferguson, Missouri, let Michael Brown’s dead body lie in a street.
“I think it’s a really important thing to stand up to the injustice that we’re seeing around the country,” said Mona Iman, director of Taslimi Foundation, which works to defend human rights in Iran. “This wave of killings of unarmed black men is just so disturbing,” she told me, “and when you feel the frustration and you feel the anger at what’s happening in the world,
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“Ain’t that about nothing,” Macy Farmdale said. “Nine to zip, including the so-called liberals.” She shook her head. “What chance does the working woman have, I ask you.”
Jess Dixon said, “It’s all about keeping the big conveyor belt going, Macy. Us peasants have no choice but to fight and scrabble each day for our rice and beans.”
“Sheeet,” her friend sneered.
The two chuckled mirthlessly. They lamented the recent Supreme Court ruling wherein employees were expected to go through their end of shift security screenings on their own time—no matter if it took five minutes or half an hour.
Farmdale leaned across the lunch table toward the other woman. “This is why we need a union,” she whispered. She leaned back and had more of her chicken salad sandwich.
Jess hunched her shoulders. “That wouldn’t change the ruling. I bet them unions filed, you know,
» Read more about: The Dixon Family Chronicles: “The People United” »
(Illustration by Lalo Alcaraz.)
What do Facebook, Kaiser Permanente, Staples and the San Francisco Department of Environment have in common? All four appear on a list of corporate and government entities that pledged to stop purchasing furniture treated with flame-retardant chemicals. The Center for Environmental Health (CEH), the organization behind the pledge, hopes to steer business away from furniture containing flame retardants, which have been linked to a range of health risks. All the offices on the list spend a combined $520 million on furniture every year.
The pledge coincides with new state legislation that will require manufacturers to attach labels to furniture treated with flame retardants. In September Governor Jerry Brown signed Senate Bill 1019, which takes effect January 1, 2015.
Treating furniture with flame-retardant chemicals used to be standard procedure for meeting California’s furniture flammability code, known as Technical Bulletin 117.
“For a long time government regulations were promoting the use of these chemicals,” Charles Margulis of CEH tells Capital &
» Read more about: Offices Pledge They’ll Buy Chemical-Free Furniture »
Occasionally, President Barack Obama reminds us that he was once a community organizer.
In his interview last Monday night with BET News, Obama said that he had invited some people who have been organizing protests against police misconduct to meet with him at the White House last week.
“Because the old adage, power concedes nothing without a fight — I think that’s true,” Obama said.
Obama was closely paraphrasing a statement by the great abolitionist Frederick Douglass that is well-known among community organizers and activists: “Power concedes nothing without a demand.”
This is not a phrase that most politicians would be familiar with. Obama probably first heard Douglass’ words during his three years as a community organizer in Chicago during the 1980s. Douglass’ famous one-liner was actually part of a speech he gave on August 3, 1857 in Canandaigua,
In The Hunger Games, the rich and politically powerful rulers of the capital city Panem force young people from 12 districts to fight against each other. The Games serve the interests of the ruling elite by ensuring a quiescent populace remains that way, while 23 of the 24 young combatants are meant to wind up dead.
Good dystopian sci-fi holds up a mirror to reality, sometimes despite itself. It is unlikely that either trilogy author Suzanne Collins or Lionsgate – the producer and distributor of the film series – had Hollywood in mind, but the films provide an excellent description of the economics of today’s movie industry, as states compete with each other to give away ever more taxpayer dollars in exchange for jobs that, in some cases at least, they don’t even get.
As a new LAANE report details, every year approximately 40 U.S.
Last week Chicago Bulls basketball star Derrick Rose wore a T-shirt in warm-ups that read “I Can’t Breathe,” protesting the non-indictment of a New York police officer whose chokehold killed Eric Garner. Cleveland Cavaliers superstar LeBron James wore a similar shirt the next night, telling a reporter who asked him after the game if his action was a “Cavaliers thing,” that no, it was a “worldly thing.”
A few days before these pro basketball players’ protests, five members of the St. Louis Rams football team ran out of the team dressing room before kick-off with their hands raised above their heads, a reference to the “don’t shoot” gesture that protesters have been using after the shooting of teenager Michael Brown in Ferguson, Missouri.
Predictable outrage ensued. The St. Louis Police Officers Association issued a statement saying the organization was “…profoundly disappointed” with the five players,
“Man, what can I do?” DeMarkus Williamson paced, hands on his hips, head down. He was dressed in oversized basketball shorts and a tee.
“Teaflake doesn’t strike me as the forgiving sort.” Little Joe said. “But then again, you didn’t steal his money. He’s a logical cat.”
“Still,” the young man said, gesturing with his hands. “It was my girl that done it, and like he’s gonna believe I wasn’t in on it.”
“How much are we talking about?”
“She made off with a shade over twelve grand. Settin’ me up to be the chump.”
“Shit,” Little Joe said, whistling.
The two were in a rear bedroom in a clapboard house in Richmond. Out a translucent-curtained window, the metal spires of the century-old Chevron refinery could be seen in the near distance. Recently the progressives in the city, outspent mightily to the tune of $3 million by Big Oil backing its hand-picked candidates,
» Read more about: The Dixon Family Chronicles: “Live for Today” »