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“Catastrophic” Property Sales Mean China’s Worst Case Scenario Is Now In Play

“Catastrophic” Property Sales Mean China’s Worst Case Scenario Is Now In Play

BY Tyler Durden | ZeroHedge No matter how the Evergrande drama plays out – whether it culminates with an uncontrolled, chaotic default and/or distressed asset sale liquidation, a controlled restructuring where bondholders get some compensation, or with Beijing blinking and bailing out the core pillar of China’s housing market – remember that Evergrande is just […]

Wildfire Survivors Urged To Hire Only Licensed Contractors For Repairs, Debris Clearing Or Rebuilding

Wildfire Survivors Urged To Hire Only Licensed Contractors For Repairs, Debris Clearing Or Rebuilding

SACRAMENTO, Calif. – Devastating wildfires have destroyed thousands of structures in California and many survivors must now clear property and start the rebuilding process. The Contractors State License Board (CSLB) urges wildfire survivors to hire only California-licensed contractors to avoid being victimized by unlicensed persons and transient criminals. Additionally, wildfire debris removal should not be done without first […]

Sacramento, CA | Comment On Latest Small Business Economic Trends Report

Sacramento, CA | Comment On Latest Small Business Economic Trends Report

SACRAMENTO, Calif., Sept. 14, 2021—The nation’s leading economic barometer of its Main Street economy, released today, shows no breakthrough that would point to a quick or sustainable economic recovery at the moment, only a nagging uncertainty about everything. “Reading the economic tea leaves when they just floated was tricky enough in the best of times, […]

Response to Mayor Figg’s editorial on POA audit of Port Hueneme

Response to Mayor Figg’s editorial on POA audit of Port Hueneme

By William Stevenson   Mayor Figg, As a Police Officer for the Port Hueneme Police Department, I feel the utmost need to pen this response to your opinion letter. You state your interest is to retain our home town police department but are you familiar with the trouble we had keeping this home town police department […]

Re: California: The World’s Largest Insane Asylum

Re: California: The World’s Largest Insane Asylum

By William Hicks I’m not only a retiree after 43 years of service, but also a product of Los Angeles Unified School District. I graduated from High School in 1963 and had a World Class Education. If you are among the graduates from the Los Angeles Unified School District today, you’re lucky to have a Third […]

Leading on Paris climate treaty?

Leading on Paris climate treaty?

We should lead from behind – instead of with brains in our behinds – on this new Treaty of Paris   What an unpalatable irony. The 1783 Treaty of Paris ended the Revolutionary War and created the United States. The 2015 Treaty of Paris could end what’s left of our democratic USA – and complete […]

California’s Pensions Are An Economic Burden, Not Benefit

California’s Pensions Are An Economic Burden, Not Benefit

. Last month an article entitled “Pensions as Economic Stimulus” was posted to Fox & Hounds Daily. The author, Charles Beckwith, is a former CalPERS senior financial manager. Beckwith’s article, while thoughtful, invites a response. Because California’s pension systems may stimulate the economy in some ways, but equally significant ways, they are killing the economy. Beckwith’s […]

Deceptive and Misleading Claims – How Government Unions Fool the Public

Deceptive and Misleading Claims – How Government Unions Fool the Public

By Ed Ring  . California’s public sector unions collect and spend well over $1.0 billion per year. When you have that much money, you can hire thousands of skilled professionals to wage campaigns, litigate, lobby, negotiate, and communicate. You can hire the best public relations firms money can buy. You can commission research studies that […]

CalSTRS CEO Jack Ehnes Recommends 50% Increase to CalSTRS Pension Benefits

CalSTRS CEO Jack Ehnes Recommends 50% Increase to CalSTRS Pension Benefits

By Ed Ring  Editor’s note: Mr Ring subsequently retracted some material in this article, but makes other useful points. See his words in reader comments below. . “The median CalSTRS pension replaced less than 60 percent of final salary for the members who retired last year. CalSTRS recommends income replacement of 80 percent to 90 percent […]

Why Pension Reform is Inevitable, and How Reforms Can Benefit the Economy

Why Pension Reform is Inevitable, and How Reforms Can Benefit the Economy

 By Ed Ring . CalSTRS Chief Investment Officer Chris Ailman, Sacramento Bee, July 17, 2015 If what Mr. Ailman really means is equity investments may not be turning in double digit returns any more, that makes the recent performance of CalSTRS and CalPERS all the more troubling. Because according to their most recent financial statements, […]

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