Digitally tracking the performance of investment products in the bond market. (Illustration: Vintage Tone, via Shutterstock)
OPINION: Thanks to Assembly Bill 33, introduced by State Assemblyman Rob Bonta, the California State Legislature will spend time and resources to codify an issue that California pensioners have spoken on before: divesting from high-performing funds for political purposes.AB 33, as written, would require that state retirement systems, namely California Public Employees Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS), divest of all investments in private corrections companies and disallow investing in those same companies in the future.
Donald Trump speaks to California supporters during a 2015 campaign rally aboard the USS Iowa in San Pedro. (Photo: Joseph Sohm, via Shutterstock)
President Donald Trump threatened—again—to withhold federal dollars from California as the state copes with the aftermath of wildfires. But the president’s action is on shaky legal ground. That’s because there are clear guidelines governing how federal funding is administered and under what circumstances it can be cut off.
A vaccination in progress. (Photo: Komsan Loonprom)
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.