October 14, 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.

Fewer Kids, More Payroll: LAUSD’s Math Problem

October 11, 2026   6:00 amOctober 11, 2026   6:01 am
This week, California’s school finance watchdog rated Los Angeles Unified at high risk of insolvency. The district’s own numbers explain why. Between 2019-20 and 2024-25, enrollment fell from 440,365 students to 369,830, a drop of 16%. Over the same stretch,...
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Teachers Need Returns, Not Another Subcommittee

October 4, 2026   4:00 pmOctober 4, 2026   4:09 pm
CalSTRS is rethinking how its board oversees private market investments, and a new fiduciary subcommittee will focus on human-capital management, Pensions & Investments reported on September 24. Members of the fund should hold that panel to one measure: net return....
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CalPERS Can’t Show Its Work

October 1, 2026   6:00 amOctober 1, 2026   6:01 am
CalPERS just posted a 14.8% return for fiscal 2025-26. Assets reached $637.1 billion and the funded ratio rose to 85%, up from 79% a year earlier. Good news deserves a fair hearing, and it raises a question. If the books...
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Birth Tourism Is Now Legal and You’re Picking Up the Tab

September 28, 2026   7:30 amSeptember 28, 2026   7:31 am
In June, the Supreme Court decided Trump v. Barbara and settled the birthright citizenship question for a generation. Chief Justice Roberts wrote for the majority that children born on American soil to parents here unlawfully are “citizens at birth” under...
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My HOA Just Out-Governed the State of California

September 21, 2026   5:19 pmSeptember 21, 2026   5:19 pm
I have lived in Ladera Ranch since 2008, long enough to coach youth rugby on the same fields where half the neighborhood’s kids grew up, the same fields that host our Spring Celebration, our Harvest Festival, and our Fourth of...
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The Bullet Train to Nowhere Made Great Time to the Nightclub

September 20, 2026   6:00 amSeptember 20, 2026   6:01 am
The one thing in California that runs on schedule turns out to be a consultant’s Uber Black, pulling away from a Sacramento nightclub at 2:30 in the morning. On the taxpayer’s dime. First class, naturally. That’s the picture from this...
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Civil Rights Don’t Get a California Exemption

September 14, 2026   11:00 amSeptember 14, 2026   11:00 am
On September 10, Defending Education filed a federal civil rights complaint against Oakland Unified School District, accusing two of its programs, Latino Men & Boys and Latina Mentoring & Achievement, of handing out tutoring, mentoring, health support, and cash stipends...
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