Posts Tagged: capital

News

In November, questions of life and death

The execution chamber at San Quentin prison. (Photo: CDCR)

Will November mark the death of the death penalty? This fall, Californians will be asked yet again whether they would like to abolish capital punishment. Voters last faced the issue in 2012, a presidential election year, and rejected the idea.

Opinion

Cutting ‘fatal flaw’ helps budget

Gov. Jerry Brown at a Capitol briefing last year on his revised state budget. Photo: Rich Pedroncelli/AP

OPINION: Californians can breathe a sigh of relief. When proponents of a 2016 ballot proposal to extend Proposition 30’s tax rates on wealthy Californians amended their measure this week, they did something that was both politically smart and fiscally sound: They eliminated a provision the governor a few days ago called the measure’s “fatal flaw”, that would have exempted this proposed new revenue from the state’s Rainy Day Fund.

News

Target: CalPERS’ private equity profits

The CalPERS' governing board during a meeting several years ago at the pension fund's headquarters. (Photo: CalPERS board)

Calpensions: After the board was told last April that CalPERS could not track the incentive payments, known as “carried interest,” a wave of media criticism grew with stories in the New York Times late last month and Fortune magazine last week. A pension fraud investigator, Edward Siedle of Benchmark Financial Services, launched an Internet fund-raising campaign on Kickstarter to raise $750,000 for a “forensic investigation” of the California Public Employees Retirement System.

News

A bumpy ride on the bullet train

California bullet train. (Illustration: High Speed Rail Authority)

The latest actions are far from conclusive but they may force delays in the project, which is scheduled to be completed by 2028 to link San Francisco and Los Angeles through the Central Valley. High-speed rail has long been popular in Europe and Asia, but earlier efforts in the U.S. to develop high-speed rail have failed in Wisconsin, Ohio and Florida. (Photo: High Speed Rail Authority).

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