Posts Tagged: giant
A utility worker handles repairs on a power pole. (Photo: Richard Thornton, via Shutterstock)
PG&E’s reputation has been so battered over its wildfire liabilities and other problems that some think it should change its name. A group of bondholders trying to take over the utility company has proposed that they re-brand it to Golden State Power Light & Gas Co. They made the proposal during proceedings in PG&E’s bankruptcy court case earlier this year.
The Orange County School of the Arts, a California charter school. (Photo: LunaSee Studios
OPINION: In recent weeks, much has been reported on the Los Angeles Unified School District (LAUSD) teacher strike outcome. Valid issues addressing major concerns associated with California’s deteriorating public education system include teacher pay and benefits, school district budgets, classroom size and conditions to name a few.
A view of downtown Stockton. (Photo: Wikimedia Commons)
Calpensions: A federal judge ruled last week that Stockton’s CalPERS pensions can be cut in bankruptcy. But Stockton does not want to cut pensions, and the lone holdout creditor says it can be paid without cutting pensions. U.S. Bankruptcy Judge Christopher Klein may have clarified the legal issue of whether CalPERS pensions, widely regarded as untouchable, can be cut if any of the 1,581 local governments in the giant system take the drastic step of bankruptcy.
An $8 million pension bond was approved last week by voters in Piedmont, a small well-to-do city completely surrounded by deep-in-debt Oakland, originator of the pension bond that has figured in the Stockton, San Bernardino and Detroit bankruptcies. (Photo: City of Fremont