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News

State pension systems: NY outperforms California

The CalPERS board of governors during a meeting at the pension system's headquarters. (Photo: CalPERS)

New York state pension systems are better funded than California state pension systems, currently take a smaller bite out of state and local government budgets, and still provide pension benefits well above the national average. How do they do it?

News

CA120: The lowdown on California’s election

An illustration of California's flag. (Lukasz Stefanski, Shutterstock)

Immediately after the 2016 there were a number of people and organizations that made quick analyses of the electorate, and what happened. Here in California, we appeared to be bucking a national trend: While the Republican ticket over performed in key swing states on the East Coast and upper mid-west, California saw Democrats regain legislative super-majorities in both houses, hold swing congressional seats and make Republicans appear more vulnerable than they have in many years.

Opinion

Minimum wage: Let companies raise it themselves

OPINION: The Congressional Budget Office report also shows that under the hike to $9 per hour, 300,000 people would be lifted out of poverty. However, another estimated 100,000 to 200,000 people would lose their jobs. If the wage increases to $10.10 per hour the number of people being raised out of poverty would rise to 900,000 while 500,000 people would lose their jobs.

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