CalSTRS Archives - California Globe

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...

State Supreme Court to Begin Hearings on Public Worker Pension Reductions Next Week

May 2, 2020 2:11 amMay 1, 2020 8:26 pm

The State Supreme Court will begin oral arguments early next week on a case that may drastically reduce public worker pensions that had been boosted to receive higher totals. State and county pensions face reductions Alameda County Deputy Sheriff’s Association...

California’s K-12 Spending Exceeds $20,000 Per Pupil

March 3, 2020 9:40 amMarch 3, 2020 3:53 pm

“It’s not enough. We’re still 41st in the nation in per pupil funding. Something needs to change. We need to have an honest conversation about how we fund our schools at a state and local level,” – Governor Gavin Newsom,...

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...

CalSTRS’ Massive Investments in China but Disinvests From American Companies

November 25, 2019 2:20 amNovember 24, 2019 7:08 pm

The majority of American investors are unwittingly funding Chinese concentration camps, weapons systems for the People’s Liberation Army (PLA), and more. Last year, the California State Teachers’ Retirement System, the largest educator-only pension fund in the world, disinvested from...

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...