July 24, 2026
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Author: Jay Rogers

Jay Rogers is a financial professional with more than 30 years of experience in private equity, private credit, hedge funds, and wealth management. He has a BS from Northeastern University and has completed postgraduate studies at UCLA, UPENN, and Harvard. He writes about issues in finance, constitutional law, national security, human nature, and public policy.

Stockton Already Told Us How This Ends

July 22, 2026   6:00 amJuly 22, 2026   6:01 am
Stockton’s 2012 bankruptcy filing gets taught as a morality play about municipal excess. It wasn’t excess. It was a fiduciary breach, and the record proves it. In 2007 the city council voted to sell $125 million in pension obligation bonds...
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CalPERS Committed $21 Billion to Diversity But Still Can’t Say If It Paid Off

July 21, 2026   12:00 pmJuly 21, 2026   12:01 pm
Federal contractors have until July 24 to certify they don’t run illegal DEI programs, or risk the fate of IBM, which paid $17 million in May to settle the first case brought under the Justice Department’s Civil Rights Fraud Initiative....
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Seven States Down, Forty-Three to Go: The Squatter Fix Is Not Complicated

July 13, 2026   2:25 pmJuly 13, 2026   2:25 pm
Point first: a squatter almost never walks away owning your house. The racket is what it costs you to prove he doesn’t. South Carolina just handed property owners a faster way to find out. On June 25, both chambers of...
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Sacramento’s Sanctuary Law Is Also a Housing Policy

July 10, 2026   7:34 amJuly 10, 2026   7:34 am
I arrived in California in 1990 with a high and tight haircut, a criminal justice degree from Northeastern, and the kind of optimism the state doesn’t sell anymore. Home prices in Los Angeles County ran roughly three times the median...
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Oakland Turned a Tree Ordinance Into a Revenue Machine

July 6, 2026   6:15 amJuly 6, 2026   6:16 am
A city council has decided that if you cut down trees without a permit, they can hand you a fine that is bigger than the land itself. That happened in Oakland, California, this year, and it’s exactly why the Eighth...
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California Doesn’t Have a Wealth Tax… The Wealthy Left Anyway

July 1, 2026   6:00 amJuly 1, 2026   6:01 am
One of my clients moved to Texas two years ago. He’d built a software company over twenty years, sold it, and ended up with a concentrated position in a private fund and a house in Palo Alto worth more than...
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Sacramento’s Newest Trick: Making You Pay to Watch Them

June 26, 2026   7:11 amJune 26, 2026   7:11 am
The California Public Records Act turns 58 this year. It was born from a simple premise: the government works for the people, and the people have a right to see what their government is doing. For nearly six decades, that...
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