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While media reports keep predicting that billionaire Tom Steyer will run for California governor in 2018, Steyer says he has not made a decision yet. There are a lot of factors to consider first, including the coming election, said the 59-year-old former hedge fund manager. “I’m going to keep working on the issues. I’m passionate about it,” he said. “I don’t know the best format to do that yet.”
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Two actuarial associations did not publish a controversial paper by their joint task force, reflecting a split in the profession over whether public pension debt should be measured with risk-free bonds or the earnings forecast for stock-laden investment funds.
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Tens of thousands of acres are in flames across California and thousands of people have been forced to flee as the drought-stricken state fights its way through what could prove to be one of the worst fire seasons in memory. During the past two days, the Clayton fire in Lake County exploded to more than 3,000 acres and only 5 percent containment, burning into historic town of Lower Lake and forcing more than 5,000 people to flee.
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California Republicans don’t have a deep statewide bench. But they may have a rising star in San Diego — Mayor Kevin Faulconer. “He would be a very compelling candidate for statewide office if he ever chose to run,” said state GOP Chairman Jim Brulte, who led Republicans in both houses of the Legislature. Faulconer, who came to power in the wake of the scandal-plagued administration of Democrat Bob Filner, has ruled out running for governor in 2018.
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At least three lawsuits have been filed seeking to overturn California’s new law that prevents children from attending public or private school or day care without getting mandatory vaccinations.
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Calpensions: Twice in recent decades CalPERS fell below 100 percent of the funding needed for promised pensions, and twice CalPERS climbed back. But since a $100 billion investment loss in 2008, the CalPERS funding level has not recovered.
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Hillary Clinton accepted the Democratic nomination for president Thursday as the nation’s first female nominee of a major party, a historic moment captured in a blaze of pomp and color. It was the culmination of four days of speeches that targeted the national convention’s fundamental theme — unity. But in the California delegation — the largest of the 50 states — unity at times was a rare commodity.
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Gov. Jerry Brown has a lot riding on the November ballot. Voters will decide on his Proposition 57, which Brown says would let nonviolent inmates become eligible for parole sooner, create “good behavior” credits for state prisoners and let judges decide whether to try a juvenile as an adult. With California’s prisons crowded and facing a court-imposed population cap, and thousands of inmates housed outside the state, Brown says his measure makes sense.
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“These are the progressive policies that have made California the sixth largest economy on planet Earth,” De León said. We won’t wade into the debate over whether progressive or other policies have positioned the state’s economy on such a high perch. But we will examine the provocative “sixth largest economy on planet Earth” claim by itself.
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When California introduced its Cal-Access campaign finance website, “There was nothing like it in the country,” said Rob Lapsley, who was under-Secretary of State in 2000, the year the campaign disclosure tool made its debut. Fast forward 15 years: What was once cutting edge is now obsolete. “The current system is broken, literally.”
Environmental activist Tom Steyer at a conference of the Center for American Progress. (Photo: File/Associated Press)
