Posts Tagged: some

Bottoms up: Should California bars serve booze until 4 am?

The scene at the Last Kind Words Saloon in Furnace Creek, in Death Valley. (Photo: Thomas Trumpeter, via Shutterstock)

by WILL SHUCK posted 06.13.2022

Jerry Brown said the bill would cause “mayhem” and vetoed it, now its author has another plan to extend bar closing hours from 2 a.m. to 4 a.m. – this time limiting it to cities that already want it. “There is no mayhem,” Sen. Scott Wiener, D-San Francisco, said of Brown’s memorable phrase. “That was our grumpy governor. And I love him to death, but he was wrong about this.”

CalPERS: Retirees begin to outnumber active workers

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

by ED MENDEL posted 08.24.2015

After a loss of $100 billion in the recent recession, the CalPERS funding level dropped from 100 percent in 2007 to 61 percent in 2009. It has not recovered, despite a major bull market in which the S&P 500 index of large stocks tripled. “Even with the dramatic returns we have seen over the past six years, because the demographics of plans in general have changed and plans are now by and large cash-flow negative, it’s been very challenging to dig out of that hole,” Andrew Junkin, a Wilshire consultant, told the CalPERS board last week.