Trouble could be brewing at CalPERS
Something is happening at the nation's largest pension fund, the Sacramento-based California Public Employees' Retirement System, which has nearly a quarter-trillion dollars in investments ranging from real estate to stocks.
With that much money and a governing board dominated by politicians and union representatives, there have been hints that factors other than pure fiduciary responsibility often drive decisions.
09:23:32 PM Sunday, May 11, 2008
Insurance rules touch off political positioningLast week's sharply worded exchange of letters between Republican Insurance Commissioner Steve Poizner and his Democratic predecessor, Lt. Gov. John Garamendi, sounded very much like opening salvos of the 2010 contest for governor.
By Dan Walters / The Bee's Capitol Bureau
11:08:03 PM Monday, May 5, 2008
Dems gush over trickle of new membersCalifornia's Democratic leaders, who had seen their share of the electorate decline by about 15 percentage points over the last three decades, are crowing about an uptick in registration.
09:52:54 PM Sunday, May 4, 2008
Don't boost homeowner exemption, get rid of itRepublican state legislators complain constantly that majority Democrats ignore them and their ideas in fashioning legislative policy.
11:06:26 PM Thursday, May 1, 2008
Everyone feels home market pinchCalifornia may be the epicenter of the housing industry's meltdown, but very few areas of the nation are exempt from its effects.
By Dan Walters / The Bee's Capitol Bureau
11:14:41 PM Monday, Apr 28, 2008
Classic duel under way in California's foothillsIt's the classic dilemma that afflicts members of both political parties as they choose candidates for offices from the presidency down: whether to opt for the true-believing ideological purist or the more pragmatic, and perhaps more electable, alternative.
By Dan Walters / The Bee's Capitol Bureau
11:05:21 PM Thursday, Apr 24, 2008
Lawmakers occasionally, accidentally, do us rightOnce in a while, almost by accident, the California Legislature sets aside pettiness and venality and does the right thing.
By Dan Walters / The Bee's Capitol Bureau
10:31:21 PM Monday, Apr 21, 2008
Everyone's guessing on size of state deficitWhen Gov. Schwarzenegger's budget office reported last week that revenues are running $1.2 billion below estimates for the current fiscal year, it added fuel to one of the Capitol's biggest guessing games: How large is the state budget deficit?
10:35:11 PM Sunday, Apr 20, 2008
Cynicism about capital is founded once againChalk up two more pyrrhic victories for the cynics about the Capitol's ability to do the public's business in a straightforward, unhypocritical manner -- and the outgoing speaker of the state Assembly, Fabian Núñez, is at the center of both.
By Dan Walters / The Bee's Capitol Bureau
11:01:18 PM Thursday, Apr 17, 2008
Governor's tax musings may actually make senseGov. Schwarzenegger has been spouting a lot of nonsense lately about the state's chronic budget travails. But he said something about taxes the other day that makes sense.
By Dan Walters / The Bee's Capitol Bureau
10:58:18 PM Monday, Apr 14, 2008
Budget talks seem even slower than usual01:05:20 AM Sunday, Apr 13, 2008
Bills shows lawmakers lose touch with reality10:53:43 PM Thursday, Apr 10, 2008
State fair to cut exhibits by students10:52:14 PM Sunday, Apr 6, 2008
State senate race heats into ugly feud10:53:38 PM Monday, Mar 31, 2008
Bullet train may not be worth its high cost10:59:44 PM Sunday, Mar 30, 2008
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