CalPERS Archives - California Globe

US Pension Funds Lost $400 Billion on China Investments in July

August 3, 2021 7:47 amAugust 4, 2021 10:48 am

“Big Chinese tech stocks lost hundreds of billions of dollars in combined market value in July, reflecting rising investor concern about how the sector will fare under a barrage of regulatory pressure from Beijing,” the Wall Street Journal reported last...

CalPERS, CalSTRS Turkish Divestment Bill Passes Senate 36-0

May 26, 2021 2:33 pm

A bill to allow school districts and cities to choose investments not issued or owned by the country of Turkey passed the Senate unanimously 36-0 on Thursday. Senate Bill 457, authored by Senators Anthony J. Portantino (D- La Canada Flintridge)...

GM Agrees To $5.75 Million Settlement With California

February 15, 2021 2:44 pmFebruary 15, 2021 2:46 pm

During the weekend, General Motors announced that it had agreed to a $5.75 million settlement with the state of California over false statements that GM had told their investors about defective ignition switches. According to government officials, GM had found...

‘Public Information’ to Promote New Taxes, Paid for by Taxpayers

September 1, 2020 6:59 amSeptember 1, 2020 10:21 am

Did you know your taxes are being used to advocate for more taxes? Well, not exactly. It’s against the law for public agencies to engage in “advocacy.” The people running these agencies who want to raise your taxes may only...

CTA Employees Have a Pension Plan Twice as Good as the Teachers They Represent

August 12, 2020 2:26 amAugust 11, 2020 8:19 pm

This week a fascinating article on the website of the Education Intelligence Agency revealed that the California Teachers Association, one of the most powerful labor unions in the world, is itself having labor problems. Moreover, the labor problems they are encountering are because...

CalPERS Investment Chief with ‘Long and Cozy Relationship with China’ Resigns

August 6, 2020 8:17 amAugust 7, 2020 3:45 pm

California Public Employees’ Retirement System (CalPERS) said late Wednesday Yu Ben Meng resigned as its chief investment officer, Reuters reported. California Globe reported in February when House Armed Services Committee member Rep. Jim Banks (R-IND) sent California Governor Gavin Newsom...

Sen. John M. W. Moorlach. (Kevin Sanders for California Globe)

Why Sen. John Moorlach Opposes California’s State Budget

June 16, 2020 11:02 am

Senator John M.W. Moorlach (R-Costa Mesa) is the only CPA in the State Legislature. As such, his dire warnings about California’s budget deficit need to be considered. California Globe watched all of the budget debate Monday, and as usual, Moorlach schooled the Senate...