CalPERS – California Globe

CalPERS Still $153 Billion Underwater Despite Near Record Returns

March 12, 2026 8:06 amMarch 12, 2026 8:06 am

Thirty years of running hedge funds, private equity deals, and now outsourced CIO roles for ultra-high-net-worth family offices taught me one ironclad rule. Optimistic assumptions in a spreadsheet are just fraud wearing a tie. I watched markets crash in 2008...

California’s $125 Billion Death Spiral

March 8, 2026 5:00 amMarch 9, 2026 3:02 pm

Newsom is betting his last budget on AI stocks his own analysts call overheated. Four straight deficit years. A $35 billion structural gap incoming. And a pension system that makes all of it worse. We’ve seen this movie. It ended...

Globe Exclusive: Congressional Committee Investigating CalPERS’ Investments into Radical ESG Causes

February 12, 2026 7:00 amFebruary 12, 2026 4:19 pm

Congressional Education and Workforce Committee Chairman Tim Walberg (R-MI); Health, Employment, Labor, and Pensions Subcommittee Chairman Rick Allen (R-GA), and Rep. Kevin Kiley (R-CA) sent a letter Thursday morning to CalPERS’ president Theresa Taylor regarding CalPERS’ failure to safeguard worker...

Pension Shenanigans: The ‘Soft Fraud’ Burdening California Taxpayers

February 7, 2026 8:49 amFebruary 7, 2026 8:50 am

California’s pension crisis isn’t a mystery, and it isn’t just bad luck. It is the predictable outcome of decades of optimistic assumptions that lowered contributions in the short term while pushing massive costs onto future taxpayers. Call it what you...

Assemblyman DeMaio Accuses Gov Newsom of Treason Over Davos Remarks Urging Global Leaders to ‘Fight’ US Policies

January 22, 2026 3:03 pmJanuary 22, 2026 3:03 pm

In a scathing video commentary released today, California State Assemblyman Carl DeMaio (R-San Diego), Chairman of Reform California, accused Governor Gavin Newsom of committing treason during his recent trip to the World Economic Forum (WEF) in Davos, Switzerland. “Gavin Newsom...

Are Truth, Accountability, and Authenticity Still Virtues?

November 11, 2025 2:55 amNovember 11, 2025 2:56 am

One of the major problems in our society these days has to do with the fact that most people are led to believe sensational headlines that are later proved to be false. However, they never hear the correction of the...

Green Train, But No Green Money

December 18, 2023 2:45 amDecember 18, 2023 2:46 am

When the bond was passed 1100 years ago to create California’s high speed rail project/grifty thingy/whatever, voters were told a number of things like where it would go, when it would be done, and how much it would cost. ...