Were Pensions Benefits Retroactively Enhanced Without Notifying the Public?
Were Pensions Benefits Retroactively Enhanced Without Notifying the Public?
In 1999, at the height of the stock market runup fueled by the internet bubble, California’s state legislature passed SB 400, which increased pension benefits for officers with the California Highway Patrol. Over the next several years, pension benefits were similarly increased for government employees working in nearly every one of California’s cities, counties, state agencies,...
By Edward Ring
The Opportunity Cost of Shutting Down Diablo Canyon
The Opportunity Cost of Shutting Down Diablo Canyon
For nearly 35 years, Diablo Canyon Nuclear Power Plant has pumped just over 2.0 gigawatts of electricity onto California’s power grid. Unlike hydroelectric power, which has good years and bad depending on rainfall, or solar and wind power which depends on sunshine and wind, Diablo Canyon’s nuclear reactors generate this electricity 24 hours per day,...
By Edward Ring
Will Unions Promote Defined Contribution Plans the Way They Promote Pensions?
Will Unions Promote Defined Contribution Plans the Way They Promote Pensions?
The virtue of a defined contribution plan is that once the employer has made their contribution, the employer’s obligation is fulfilled. The employee’s retirement benefit is based on a “defined” contribution – typically some fixed percentage of their base pay – that money is invested, and the retiree lives on the accumulated savings and interest....
By Edward Ring
Elizabeth Warren’s Private Equity Plan May Harm Public Employees
Elizabeth Warren’s Private Equity Plan May Harm Public Employees
Last week, Sen. Elizabeth Warren (D-MA), a 2020 presidential candidate, proposed a plan to rein in private equity funds that engage in leveraged buyouts—acquiring companies with large amounts of borrowed money. Although the idea of cracking down on financial engineering is attractive to many, it could have the unintended consequence of lowering asset returns for public...
By Marc Joffe
America’s Homeless Industrial Complex – Causes & Solutions
America’s Homeless Industrial Complex – Causes & Solutions
In his final speech from the White House in January 1961, President Dwight Eisenhower warned the nation that the military had joined with the arms industry and had acquired unwarranted influence over American politics. His term for this alliance was the “military industrial complex.” Since that time, Eisenhower’s term has been co-opted by other critics of special...
By Edward Ring
How “Release Time” causes Taxpayers to fund Government Unions
How “Release Time” causes Taxpayers to fund Government Unions
Based on an estimated total membership of 1.1 million and average dues per member of around $700, California’s public sector unions collect and spend approximately $800 million per year. The impact of the June 2018 decision by the U.S. Supreme Court in the case Janus vs AFSCME may have chopped around $50 million off that annual total, by eliminating the union’s...
By Edward Ring
New legislation will mandate Cal State students take Ethnic Studies class
New legislation will mandate Cal State students take Ethnic Studies class
The axis of public sector unions and the identity politics industry has come up with a new way to increase their power and profits – force college students to take a class in “ethnic studies” if they want to graduate. To do this, AB 1460 was introduced earlier this year by California State Assembly Member Dr. Shirley Weber,...
By Edward Ring
California’s Regulatory Hostility Prevents More New Homes
California’s Regulatory Hostility Prevents More New Homes
The median home price in Los Angeles County is $618,000. In Santa Clara County it’s $1.2 million. In the entire state of California, including the somewhat more “affordable” inland counties, the median home price is $548,000. The national median home price? $227,000. There’s a reason for this. For decades, California’s state and local governments have made it harder and more expensive for any...
By Edward Ring
How Does a California Family Survive?
How Does a California Family Survive?
It’s common enough to discuss the high cost-of-living in California. It’s become a serious topic, at last. But for Californians who are used to paying ridiculous prices for everything, it may be helpful to present a comparison in the form of an annual family budget. How much does it cost to take care of a...
By Edward Ring
A Strategy to Transform California in One Election
A Strategy to Transform California in One Election
As a statewide political force, California’s conservative voters are disenfranchised. Almost no politicians holding state office speak for conservatives, few court rulings favor conservatives, and nearly everywhere, conservative values are discredited or ignored by a hostile press. But California’s political landscape could be poised for dramatic shifts. Even now, after more than a decade of...
By Edward Ring
Allocation of Teacher Union Dues by State
Allocation of Teacher Union Dues by State
First and foremost, teachers’ unions are passionate advocates for their members interests, fighting tirelessly for their wages, benefits, and working conditions. Or so the theory goes. But much like communism, unions in theory and unions in practice are very different things. In reality, teachers’ unions do not primarily spend their members’ dues on representation– they...
By Reiss Becker
How can California reduce the costs of incarceration
How can California reduce the costs of incarceration
California Governor Gavin Newsom has agreed to give state prison correctional officers a 3 percent raise. According to the Legislative Analyst’s Office, there is “no evident justification” for this raise. A recent article in the Sacramento Bee summarizes portions of the LAO report, writing “The last time the state compared state correctional officers’ salaries to their local government counterparts,...
By Edward Ring
Email reveals that Anaheim school officials built a wall, made students pay for it
Email reveals that Anaheim school officials built a wall, made students pay for it
As parents of students in failing schools attempted to move their children to better districts nearby, a top official in one district lobbied his colleagues to block all the exits. His reason: a decline in enrollment equals a drop in district revenue. “As we’ve shared with you, we are denying most transfer requests,” Jaron Fried,...
By Will Swaim
What do Public Safety Unions Stand For?
What do Public Safety Unions Stand For?
In a special election earlier this week, Brian Dahle defeated Kevin Kiley in the race to become the next California State Senator representing District One, which sprawls north from the foothills east of Sacramento all the way to the Oregon border. Both candidates were Republican members of the State Assembly, competing in one of the few safe Republican districts left...
By Edward Ring