Wednesday, July 20, 2016

CALIFORNIA POLITICAL NEWS & VIEWS 07/20/2016

CalSTRS Return on Investment NOT 7.5% AS Proclaimed—It is 1.4%

By Stephen Frank on Jul 19, 2016 08:41 pm
Yesterday, CalPERS announced that instead of the 7.5% return on investment they claimed to be receiving, the return was .61% in 2015-16—after losing 2% on assets in 2014-15.  Based on Federal criteria, CalPERS already has an unfunded liability of over $672 billion.  Now, CalSTRS has made its report—and they are doing better than CalPERS.  They […]

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ICE: Deportations at 10-year low, criminal illegal expulsions cut 60%

By Stephen Frank on Jul 19, 2016 08:39 pm
One reason crime is up is because deportation of criminal illegal aliens are down.  The killers of Pharris in Santa Maria, Steinle in San Fran and hundreds of others around the nation were by illegal liens—almost all of whom had been deported, came back and Obama refused to track them down and send them home—or […]

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Competing death penalty initiatives could spur confusion

By Stephen Frank on Jul 19, 2016 08:37 pm
There will be a minimum of seventeen measures on the Statewide ballot in November.  San Fran is adding another 39 for their voters—and your city and county may have some as well.  You will be asked to legalize marijuana, repeal the plastic bag ban, vote to take away guns and extend a tax for twelve […]

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Business Outlook Drops to All-Time Low after Minimum Wage Increase

By Stephen Frank on Jul 19, 2016 08:35 pm
Policies have consequences, just ask the good folks in San Diego.  Raise the minimum wage and you lower employment.  Just ask the unemployed in Seattle that had jobs in restaurants—killed by the $15 minimum wage political correctness. “In the wake of the city’s minimum-wage increase, confidence among county businesses has dropped to an all-time low, […]

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Sales of Existing Homes in California Reach Highest Level in 4 Years

By Stephen Frank on Jul 19, 2016 08:33 pm
Home sales are high—so are prices and the cost of maintaining your home.  Some economists watch home sales to see if the housing bubble is bursting.  In San Fran housing prices have stabilized (very high though) and in some areas of the Bay, prices are going down.  On the November ballot there will be over […]

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Two words may sink adult-use marijuana: vertical integration

By Stephen Frank on Jul 19, 2016 08:31 pm
This is going to be an interesting race for Prop. 64—the effort to legalize marijuana.  On one side are the small growers, drug dealers and medical marijuana supporters.  On the other side are multi-national corporations that want to grow the marijuana, then distribute and even sell it.  This is called in economics “vertical integration”. “”The […]

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Oakland’s Labor Unions Block Police Reforms

By Stephen Frank on Jul 19, 2016 08:30 pm
Oakland may be the crime capitol of California.  It has been the murder capitol.  In June they had three police chiefs in nine days.  Due to financial problems, the city of Oakland had to fire almost one third of its cops—they could no longer pay them wages and benefits.  This is a city in chaos.  […]

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Sand: School Choice and Its Foes

By Stephen Frank on Jul 19, 2016 08:27 pm
Want a great future for your children?  Give them the opportunity for a great education.  Some kids need strong discipline, others need and want math and science.  Some want the arts.  In government schools all children are treated the same—as the lowest common denominator.  LAUSD had a real graduation rate of 54%–then spent $15 million […]

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Pann’s To Stop Serving Dinner, Cites Rising Minimum Wage As Factor

By Stephen Frank on Jul 19, 2016 08:26 pm
Policy has consequences.  In Los Angeles, thanks to the proposed $15 minimum wage a restaurant is ending its dinner service, ending employment for some and disappointing customers that love their food. “According to Poulos, the wage hike produces a domino effect that has significantly raised his cost of operations. “The cook who is already making […]

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Covered California Health Plan Rates To Jump 13.2 Percent In 2017

By Stephen Frank on Jul 19, 2016 08:24 pm
Obama is making sure Californians can no longer afford his ObamaCare.  He has been pushing an effort to put everybody on Medicate—a single payer system, run by the government.  The Democrats get to that goal by bankrupting families that want quality health care—not the mediocre health care run by the same government that is killing […]

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In Case You Missed It:

Cal Berkeley to Open SEGREGATED Housing in Fall—For REAL!
CalPERS Proclaimed Rate of Return? 7.5% Actual? .61%
Why Housing is SO Expensive in Los Angeles
Coupal: Tell Me Again Why We Need Higher Taxes?
The debate over marijuana legalization and kids

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