Shallow Waters

What Awaits California’s Next Governor California’s economy rises and falls with the national economy: Unemployment Rate, seasonally adjusted. Data from U.S. Bureau of Labor Statistics Governors have little to do with those waves but their approval ratings ride right alongside. Pete…

California Cover Up

Pension loan would cover up wealth transfers to employees. California proposes to issue a pension obligation bond to finance extra contributions to the state pension fund, CalPERS. It would also cover up wealth transfers from citizens to state employees. Here’s…