Tag Archives: CalPERS

This Should Make You Angry

Posted on May 19, 2010 by Greg Fielding

The State of California has bankrupted itself with billions from decades of caving ever more to union pressures. It’s no secret that public employees in California make far more than their private sector counterparts…even before taking their cushy retirement program into account. This cancer has spread throughout all levels of local governments as well.

And now, CalPERS, that cushy retirement program, is demanding that we taxpayers kick in a little extra to cover some of their recent losses. Continue reading →

Posted in Best Of The Storm, Home Economics, Social Mood Swings | Tagged California Budget, CalPERS | Leave a comment

CalPERS Loses 82%, Plans to Lose More

Posted on May 6, 2010 by Patrick Butterfield

Mountain House never should have been created. There was no need for it, and now it’s the poster-child for housing-bubble construction gone wrong.

And, it’s a stupid name for a town in the Central Valley. (no mountains) Continue reading →

Posted in Commercial Real Estate, Home Economics | Tagged CalPERS, Mountain House | Leave a comment

Around the Bay: Local News BitesBites

Posted on February 4, 2010 by Andrew Jeffery

Goings on that move markets Continue reading →

Posted in News To Us | Tagged bay area economic news, bay area real estate news, CalPERS, Commercial Real Estate, silicon valley unemployment | Leave a comment

California Budget Mess: déjà vu all over again

Posted on November 19, 2009 by Patrick Butterfield

California’s Budget Battle in 2009 was nasty. This coming year, expect even more drama. Oh…and expect drama for the next decade too. IOU’s? Bank on it. More State Employee Layoffs? It’s in the bag. More School Cuts? You Bet. Legalized … Continue reading →

Posted in Best Of The Storm, Fresh Perspectives, Home Economics | Tagged Bailouts, Bankruptcies, California Budget, CalPERS, Consumer Spending, State Budgets, Taxes | Leave a comment

Criminalizing Poverty For Profit: Local Government’s New Debtors Prisons

Posted on October 19, 2009 by Charles Hugh Smith

Local government is desperate for new funding but doesn’t dare tap the wealthy. So they’re busily criminalizing poverty and filling new Debtor’s prisons.Correspondent Jeff Ray sent in this story Milking the Poor: One Family’s Fall Into Homelessness (The Atlantic) which … Continue reading →

Posted in Banking and Finance, Fresh Perspectives, Home Economics | Tagged Budget Deficit, CalPERS, Foreclosures, State Budgets, Taxes | 1 Comment