California Supreme Court Strikes Down Vergara Appeal
California Supreme Court Strikes Down Vergara Appeal
Here’s an axiom of California politics. When it’s the teachers union against everyone – that’s right, everyone else – the teachers union wins. Yesterday’s decision by the California Supreme Court to not hear the Vergara case is just the latest example. Prior to losing on appeal, which brought the case to the attention of the...
By Edward Ring
California’s Misguided Water Conservation Priorities
California’s Misguided Water Conservation Priorities
If you’ve recently driven on most any California freeway, you’ve seen the default message on the government-owned electronic billboards, “Severe Drought Conditions – Reduce Outdoor Water Use.” The message seems reasonable enough. Several years of lower-than-average rainfall have left the state’s reservoirs depleted, so why should households be wasting water, indoor or outdoor? And if...
By Edward Ring
Average "Full Career" CalPERS Retirement Package Worth $70,000 Per Year
Average "Full Career" CalPERS Retirement Package Worth $70,000 Per Year
“‘What makes the ‘$100,000 Club’ some magic number denoting abuse other than the claims of anti-pension zealots?’ said Dave Low, chairman of Californians for Retirement Security, a coalition of 1.6 million public workers and retirees.” This quote from a government union spokesperson, and others, were dutifully collected as part of Orange County Register reporter Teri...
By Edward Ring
ACLU Joins Unions to Attack California Charter Schools
ACLU Joins Unions to Attack California Charter Schools
About 6.2 million students attend California’s K-12 public schools. Of those, over 570,000 are enrolled in public charter schools. Most of these charter schools operate with a degree of management autonomy and teacher accountability that goes well beyond what is permitted by the union work rules that govern traditional public schools. These charter schools themselves are...
By Edward Ring
Quality Education Remains Thwarted by Teachers Unions
Quality Education Remains Thwarted by Teachers Unions
An article in today’s American Prospect, of all places, offers an in-depth look at just how little progress has actually been made towards restoring quality education to California’s public school students. Because the article appears in a publication that is “dedicated to American liberalism,” and because “American liberalism” depends more than anything else on billions...
By Edward Ring
Government Unions Benefit from the Asset Bubble that Harms Workers
Government Unions Benefit from the Asset Bubble that Harms Workers
Earlier this month the California Policy Center released a study that provided additional evidence that the U.S. stock indexes are overvalued by approximately 50%, along with calculations showing the impact of a major downward correction on the solvency of California’s state and local government pension systems. Stocks are now at unsustainable bubble valuations. Not covered...
By Edward Ring
Populist Unity Can Overcome the Establishment's Supermajority
Populist Unity Can Overcome the Establishment's Supermajority
Back in 2012 we published an article entitled “The Forgotten 33%,” which included a graphic entitled “American Voter Breakdown 2012.” It depicted the U.S. electorate as comprised of 46% who pay zero net taxes, 20% who work for the government and are net tax consumers, the 1% “super rich,” and the “forgotten 33%,” who work in...
By Edward Ring
How a Major Market Correction Will Affect Pension Systems, and How to Cope
How a Major Market Correction Will Affect Pension Systems, and How to Cope
Summary: Based on historical trends, three key aggregated stock market ratios – price/earnings, price/sales, and price as a percent of GDP – all show that publicly traded U.S. stock are overvalued by approximately 50%. This article explains the significance of these ratios, then, using a financial model developed specifically for this purpose, evaluates the impact...
By Edward Ring
Teachers Union Chases "Teach for America" Out of San Francisco
Teachers Union Chases "Teach for America" Out of San Francisco
It should be an article of faith by now that in California, whatever the teachers union wants, the teachers union gets. It is nonetheless surprising that their reach might extend all the way to a recent decision by the San Francisco Unified School District board to reject fifteen talented teachers who were part of “Teach for...
By Edward Ring
How Gov't Unions and Crony Capitalists Exploit Global Warming Concerns
How Gov't Unions and Crony Capitalists Exploit Global Warming Concerns
If anyone is looking for evidence that government unions use their immense influence to support the growth of an authoritarian state, look no further than their unequivocal support for global warming “mitigation,” and all attendant agencies and laws to support that goal. In 2006 California’s union-controlled legislature passed AB32, the “Global Warming Solutions Act,” a...
By Edward Ring
The Alternative to Crony Capitalism and Phony Shortages
The Alternative to Crony Capitalism and Phony Shortages
The modern history of the Silicon Valley arguably began in 1957, when eight young PhD graduates left Shockley Semiconductor Laboratories to launch the first high-volume chip manufacturer, Fairchild Semiconductor. Fairchild and its spinoffs, including Intel and Advanced Micro Devices (AMD), were the early participants in what became the most fervid ecosystem of fiercely competitive innovators the...
By Edward Ring
Californians Overwhelmingly Support New Local Bonds and Taxes
Californians Overwhelmingly Support New Local Bonds and Taxes
Two weeks ago, using information supplied by the California Taxpayers Association, we called attention to “$6.2 Billion in New Borrowing on June 7th Primary Ballot.” As noted, “Next week voters will be asked to approve 46 local bond measures totaling $6.18 billion in new debt, along with 52 local tax proposals. If history is any...
By Edward Ring
Populist Candidates Still Ignore Government Unions
Populist Candidates Still Ignore Government Unions
Nearly every objection that supporters of presidential candidates Trump and Sanders raise to the establishment are intimately associated with government unions. But neither the people’s voice, or that voice as it is reflected back to them by their populist heroes, articulates this fact. (1) Do you want to reform Wall Street? You’ll have to go...
By Edward Ring