CalPERS – Page 6 – California Globe

Gov. Newsom’s Climate Change Executive Order Looting Road Funds Short on Details, Long on ‘Social Investing’

December 5, 2019 2:15 amDecember 6, 2019 6:42 am

‘There’s a growing understanding that climate change is a material risk to investors and companies just like cyber-terrorism or inflation.’ Recently California Gov. Gavin Newsom signed an Executive Order authorizing the looting of voter-approved gas tax funding for road repairs...

Pension Reform Waits for California Supreme Court

November 27, 2019 11:44 amNovember 27, 2019 11:44 am

“When local government has reached the point where it’s spending nearly as much on pensions as it spends on base salaries, you still can’t do much.” With markets fitfully advancing after a nearly two year pause, the need for pension reform...

CalPERS is Heavily Invested in Chinese Companies

October 10, 2019 9:40 amOctober 14, 2019 12:13 pm

On October 1st, 2019, the People’s Republic of China celebrated its 70th anniversary. The centerpiece of their festivities was a massive military parade down the streets of Beijing, and the centerpiece of that parade was China’s newest intercontinental ballistic missile, the...

California Supreme Court Cuts Pension ‘Air Time,’ but Preserves ‘California Rule’

March 4, 2019 12:57 pmMarch 5, 2019 3:34 pm

The California Supreme Court announced its long-awaited decision on pension spiking and the purchase of “air time” credits Monday. In an unanimous ruling, the court found that state government may legally rescind the purchase of “air time” credits, a practice where...

The Real State of the State: California 2019

February 12, 2019 1:05 amFebruary 11, 2019 7:13 pm

When he gives his State of the State address today, Gov. Gavin Newsom understandably will paint a largely rosy picture of California, with some problem areas needing to be fixed. I’m hoping to work with him on options that improve...