When the next market downturn hits, every public employee pension fund in the United States will face severe challenges. Because public employee pension funds are not subject to the same rules that private pension funds have to adhere to – namely, the restrictions on risky investments as specified in the federal Employee Retirement Income Security...

I hope it’s not a great shock to discover all the incentives in our status quo are perverse: those who rig the financial system while creating zero real value, jobs, goods or services reap all the big profits; those who take near-zero responsibility for their own health are subsidized by those who take responsibility for...

Farmworkers win court battle over access to California labor board’s proceedings By Geoffrey Mohan, May 10, 2016, Los Angeles Times A District Court of Appeal panel has revived a constitutional case involving public access to contract mediation proceedings held by the state’s farm labor watchdog. A farmworker and business owner now can air their case against...

CHAPTER 1: PIGS (ala Portugal, Italy, Greece & Spain) In March 2011, facing a $4 million deficit, panicked Stanton City Council members met in special session and voted unanimously, dramatically to declare a fiscal emergency. It was the sort of thing we’d been hearing from Portugal, Italy, Greece and Spain for months—a government’s tax revenues...

Despite what the teachers unions say, teachers – not to mention children and taxpayers – can and do thrive without them. In 2011, under Governor Scott Walker’s leadership, Wisconsin passed Act 10, the Budget Repair Bill, which, among other things, placed strict limitations on the ability of teachers unions to collectively bargain. Walker very quickly...

While doing research for my map of the New Feudalism, I found this 2010 book by Irish journalist Kevin Cahill. Despite the shrill cover rhetoric, the book is basically a nation-by-nation (and, in the United States, state-by-state) inventory of land ownership patterns. There are a lot of question marks about some countries, but it helps...

As a follow up to my post of last week (Anti-Choice Teachers Unions Want to Take Control of O.C. Board of Education), former State Senator Gloria Romero has penned another excellent op-ed piece in the O.C. Register. In Celebrating National Charter Schools Week Senator Romero not only noted that this week is a time to...