CalPERS

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2h
The Sacramento Bee
Breathing new life, new energy into Capitol MallAfter almost a decade of looking at a cordoned-off city block pocked with concr
Breathing new life, new energy into Capitol Mall
The Sacramento Bee / Posted 2 hours ago
After almost a decade of looking at a cordoned-off city block pocked with concrete pilings, Sacramentans might be tempted to think anything would be better than the infamous “hole in the ground” at Third and Capitol. But Sacramento deserves more... Read more
1d
KPBS San Diego
High Costs For Drugs Used By A Few Are Starting To Add UpThe cystic fibrosis drug Orkambi can help people with specific genetic mutation
High Costs For Drugs Used By A Few Are Starting To Add Up
KPBS San Diego / Posted yesterday
The cystic fibrosis drug Orkambi can help people with specific genetic mutations breath better. But treatment with the pill comes with a hefty sticker price — $259,000 a year. Orkambi, which was approved by the Food and Drug Administration last... Read more
1d
Naked Capitalism
CalPERS Takes on Risk Where Federal Government Fears to Tread: Provides Liquidity to a Derivatives Central Counterparty on the CheapAs we’ll unpack below, CalPERS has engaged in one of the most bone-headed moves
CalPERS Takes on Risk Where Federal Government Fears to Tread: Provides Liquidity to a Derivatives Central Counterparty on the Cheap
Naked Capitalism / Posted yesterday
As we’ll unpack below, CalPERS has engaged in one of the most bone-headed moves I can recall reading about, the financial equivalent of trying to pick up pennies before a steamroller. The giant California pension fund has signed up to take on... Read more
1d
Naked Capitalism
CalPERS Takes on Risk Where Federal Government Fears to Tread: Provides Credit Lines to a Central Counterparty on the CheapAs we’ll unpack below, CalPERS has engaged in one of the most bone-headed moves
CalPERS Takes on Risk Where Federal Government Fears to Tread: Provides Credit Lines to a Central Counterparty on the Cheap
Naked Capitalism / Posted yesterday
As we’ll unpack below, CalPERS has engaged in one of the most bone-headed moves I can recall reading about, the financial equivalent of trying to pick up pennies before a steamroller. The giant California pension fund has signed up to take on... Read more
2d
Oakland Tribune
Moraga police chief hired as interim town managerMORAGA -- Lawmakers have hired Moraga's police chief to temporarily serve as th
Moraga police chief hired as interim town manager
Oakland Tribune / Posted 2 days ago
MORAGA -- Lawmakers have hired Moraga's police chief to temporarily serve as the town's top administrator. The City Council unanimously approved Jan. 27 a contract with police Chief Robert Priebe to become interim town manager. Priebe will stay in... Read more
2d
Contra Costa Times Newspapers
Moraga police chief hired as interim town managerMORAGA -- Lawmakers have hired Moraga's police chief to temporarily serve as th
Moraga police chief hired as interim town manager
Contra Costa Times Newspapers / Posted 2 days ago
MORAGA -- Lawmakers have hired Moraga's police chief to temporarily serve as the town's top administrator. The City Council unanimously approved Jan. 27 a contract with police Chief Robert Priebe to become interim town manager. Priebe will stay in... Read more
2d
Naked Capitalism
LinksOn her FB page, Kirsten Gillibrand endorsed Hellery — and is getting hammered i
Links
Naked Capitalism / Posted 2 days ago
On her FB page, Kirsten Gillibrand endorsed Hellery — and is getting hammered in the comments under the endorsement. Deservedly so IMO. Kinda sad. I thought Kirsten was one of the handful of real progressives in congress. Just another wall street... Read more
2d
Naked Capitalism
CalPERS, CalSTRS Board Member Betty Yee Asks the SEC to Rescue Public Pension Funds From ThemselvesI’m of two minds in criticizing a letter that California Controller Betty Yee,
CalPERS, CalSTRS Board Member Betty Yee Asks the SEC to Rescue Public Pension Funds From Themselves
Naked Capitalism / Posted 2 days ago
I’m of two minds in criticizing a letter that California Controller Betty Yee, who also sits on the boards of CalPERS and CalSTRS, sent to SEC chairman Mary Jo White about private equity transparency. On the one hand, it’s good to see that Yee... Read more
2d
KCRA 3 Sacramento
CalPERS reveal plans for property on 3rd St., Capitol MallCalPERS and Los Angeles-based development firm CIM have unveiled plans for the
CalPERS reveal plans for property on 3rd St., Capitol Mall
KCRA 3 Sacramento / Posted 2 days ago
CalPERS and Los Angeles-based development firm CIM have unveiled plans for the long-vacant plot of land on Third Street and Capitol Mall in downtown Sacramento. "We sat on the land for some time and we feel there's a window of opportunity today to... Read more
3d
The Sacramento Bee
Developer unveils vision for ‘hole in the ground’ in downtown SacramentoThe owners of downtown Sacramento’s infamous “hole in the ground” said Wednesda
Developer unveils vision for ‘hole in the ground’ in downtown Sacramento
The Sacramento Bee / Posted 3 days ago
The owners of downtown Sacramento’s infamous “hole in the ground” said Wednesday they plan to build a 30-story tower on the long-vacant site with a mix of offices, retail and 100 apartments. Nearly a decade after construction was halted on a pair of... Read more
4d
Crain's New York Business
City's pension problems go beyond operational issuesLast week, Comptroller Scott Stringer released a report saying that his own off
City's pension problems go beyond operational issues
Crain's New York Business / Posted 4 days ago
Last week, Comptroller Scott Stringer released a report saying that his own office’s oversight of the investments of the city’s $161 billion pension system is teetering on an operational failure. Stringer should fix his management dysfunction, but he... Read more
4d
The Manteca Bulletin
Status of Manteca’s goals meeting topicSo how well is the City of Manteca doing in working toward accomplishing goals
Status of Manteca’s goals meeting topic
The Manteca Bulletin / Posted 4 days ago
So how well is the City of Manteca doing in working toward accomplishing goals elected leaders adopted for the current fiscal year that ends on June 30? Department heads will make progress reports to the City Council during Thursday’s 1:30 p.m.... Read more
4d
San Bernardino Sun
Salary plus bonuses could bring OIAA’s new executive director $500K+ONTARIO >> When the new executive director for the Ontario International Airpor
Salary plus bonuses could bring OIAA’s new executive director $500K+
San Bernardino Sun / Posted 4 days ago
ONTARIO >> When the new executive director for the Ontario International Airport Authority takes the helm in March, he will earn an annual salary of $398,500 — and bonuses could push it over $500,000 a year. Depending on whether Kelly J. Fredericks... Read more
6d
Crain's New York Business
City's pension problems go beyond operational issuesLast week, Comptroller Scott Stringer released a report saying that his own off
City's pension problems go beyond operational issues
Crain's New York Business / Posted 6 days ago
Last week, Comptroller Scott Stringer released a report saying that his own office’s oversight of the investments of the city’s $161 billion pension system is teetering on an operational failure. Stringer should fix his management dysfunction, but he... Read more
6d
Orange County Register
OCTA taking bus reallocation seriouslyOn behalf of the Orange County Transportation Authority, I would like to sincer
OCTA taking bus reallocation seriously
Orange County Register / Posted 6 days ago
On behalf of the Orange County Transportation Authority, I would like to sincerely thank everyone who took time to attend and speak at the public hearing last week regarding proposed changes to our bus system. Since November, we’ve had tremendous... Read more
9d
Business Spectator
Safe super depends on total disclosureOne of the most arrogant aspects of Australia’s industrial relations system is
Safe super depends on total disclosure
Business Spectator / Posted 9 days ago
One of the most arrogant aspects of Australia’s industrial relations system is the treatment of workers as if they are stupid and cannot make decisions for themselves. The existing superannuation system takes this assumption to high levels. It... Read more
9d
The Courier Mail
Safe super depends on total disclosureKelly O’Dwyer is preparing strong disclosure requirements on what superannuatio
Safe super depends on total disclosure
The Courier Mail / Posted 9 days ago
Kelly O’Dwyer is preparing strong disclosure requirements on what superannuation funds do with workers’ money. But Australia should demand more. One of the most arrogant aspects of Australia’s industrial relations system is the treatment of workers... Read more
13d
Orange County Register
We'll have to wait longer for pension reformPublic pensions are a “disaster,” and rely on “idiotic accounting,” Nobel Prize
We'll have to wait longer for pension reform
Orange County Register / Posted 13 days ago
Public pensions are a “disaster,” and rely on “idiotic accounting,” Nobel Prize-winning economist William Sharpe told the Financial Analysts Journal last year. California is no exception, with unfunded pension and retiree health care liabilities... Read more
15d
The Mercury News
Calpers CEO Anne Stausboll says she will retire in JuneAnne Stausboll, the first female chief executive officer of the California Publ
Calpers CEO Anne Stausboll says she will retire in June
The Mercury News / Posted 15 days ago
Anne Stausboll, the first female chief executive officer of the California Public Employees' Retirement System, said she will retire in June. Stausboll, 59, who has led the $273 billion fund since January 2009, said in a statement Thursday she's... Read more
15d
The News & Observer
Stock market tumble could keep pension funds behind | News & Observer January 22, 2016 12:59 AM FILE - In this Monday, Aug. 24
Stock market tumble could keep pension funds behind
The News & Observer / Posted 15 days ago
| News & Observer January 22, 2016 12:59 AM FILE - In this Monday, Aug. 24, 2015, file photo, a trader looks at his phone outside the New York... Read more
4 related stories
15d
KOB 4 Albuquerque
Stock market tumble could keep pension funds behindThe slide on Wall Street could damage public employee pension funds around the
Stock market tumble could keep pension funds behind
KOB 4 Albuquerque / Posted 15 days ago
The slide on Wall Street could damage public employee pension funds around the country, most of which haven't even recovered from the Great Recession, and the burden could end up falling on taxpayers. Stocks have been tumbling in the first weeks of... Read more
15d
Daily Herald
Stock market tumble could keep pension funds behindThe slide on Wall Street could damage public employee pension funds around the
Stock market tumble could keep pension funds behind
Daily Herald / Posted 15 days ago
The slide on Wall Street could damage public employee pension funds around the country, most of which haven't even recovered from the Great Recession, and the burden could end up falling on taxpayers. Stocks have been tumbling in the first weeks of... Read more
16d
The Fremont Argus
Calpers CEO Anne Stausboll Says She Will Retire in JuneAnne Stausboll, the first female chief executive officer of the California Publ
Calpers CEO Anne Stausboll Says She Will Retire in June
The Fremont Argus / Posted 16 days ago
Anne Stausboll, the first female chief executive officer of the California Public Employees' Retirement System, said she will retire in June. Stausboll, 59, who has led the $273 billion fund since January 2009, said in a statement Thursday she's... Read more
16d
The Sacramento Bee
CalPERS chief executive announces retirementAnne Stausboll announced her retirement Thursday as chief executive of CalPERS,
CalPERS chief executive announces retirement
The Sacramento Bee / Posted 16 days ago
Anne Stausboll announced her retirement Thursday as chief executive of CalPERS, ending a tenure during which she guided the nation’s largest public pension fund through a bribery scandal and the financial markets crash. Stausboll, 59, said she will... Read more
17d
Philly.com
Port Authority board seeks final proposals for Southport developmentThe PRPA received seven responses for "request for qualifications" to commercia
Port Authority board seeks final proposals for Southport development
Philly.com / Posted 17 days ago
The PRPA received seven responses for "request for qualifications" to commercialize 120 empty waterfront acres on the Delaware River south of the Walt Whitman Bridge, the city's first major maritime expansion in 50 years. Southport also includes 75... Read more
18d
Orange County Register
CalPERS takes responsibilities seriouslyRe: “Taxpayers can see budget burden only rising” [Opinion, Jan. 15]: Mr. Rodri
CalPERS takes responsibilities seriously
Orange County Register / Posted 18 days ago
Re: “Taxpayers can see budget burden only rising” [Opinion, Jan. 15]: Mr. Rodriguez’s assertion that CalPERS has mismanaged the state pension fund through “inadequate forecasting and planning” is unfounded. The board takes very seriously its... Read more
18d
Contra Costa Times Newspapers
California retirement liabilities remain despite surplusSACRAMENTO -- The California budget that Gov. Jerry Brown proposed this month m
California retirement liabilities remain despite surplus
Contra Costa Times Newspapers / Posted 18 days ago
SACRAMENTO -- The California budget that Gov. Jerry Brown proposed this month marks a shocking financial turnaround for a state that just a few years ago faced a $26 billion deficit. But even as the governor and lawmakers debate how to spend a... Read more
5 related stories
19d
The Signal
Retirement liabilities remain despite state budget surplusSACRAMENTO, Calif. (AP) — The California budget that Gov. Jerry Brown proposed
Retirement liabilities remain despite state budget surplus
The Signal / Posted 19 days ago
SACRAMENTO, Calif. (AP) — The California budget that Gov. Jerry Brown proposed this month marks a shocking financial turnaround for a state that just a few years ago faced a $26 billion deficit. But even as the governor and lawmakers debate how to... Read more
5 related stories
19d
The Record Searchlight
Retirement liabilities remain despite state budget surplusSACRAMENTO, Calif. (AP) - The California budget that Gov. Jerry Brown proposed
Retirement liabilities remain despite state budget surplus
The Record Searchlight / Posted 19 days ago
SACRAMENTO, Calif. (AP) - The California budget that Gov. Jerry Brown proposed this month marks a shocking financial turnaround for a state that just a few years ago faced a $26 billion deficit. But even as the governor and lawmakers debate how to... Read more
5 related stories
19d
Reuters
As Israel's tech sector booms, its pension funds miss outTEL AVIV Israel's pension funds are facing calls to invest more in the country'
As Israel's tech sector booms, its pension funds miss out
Reuters / Posted 19 days ago
TEL AVIV Israel's pension funds are facing calls to invest more in the country's thriving high-tech sector, with complaints growing that the Israeli public is missing out while foreign investors reap the returns of the country's technology... Read more
19d
The Sacramento Bee
Let’s find a bold vision for our city’s skylineWe’re about to find out what’s going to replace Sacramento’s most ambitious hig
Let’s find a bold vision for our city’s skyline
The Sacramento Bee / Posted 19 days ago
We’re about to find out what’s going to replace Sacramento’s most ambitious high-rise proposal ever, on the city’s single most important block of undeveloped land. Developer John Saca once proposed 53-story towers with condos, a hotel and retail on... Read more
21d
The Sacramento Bee
CalPERS, CalSTRS invest in data centersCalifornia’s two big public pension funds have been on a bit of a buying spree
CalPERS, CalSTRS invest in data centers
The Sacramento Bee / Posted 21 days ago
California’s two big public pension funds have been on a bit of a buying spree lately, adding data centers to their investment portfolios. CalPERS, the California Public Employees’ Retirement System, bought a data center in Chicago this week. The... Read more
21d
Los Angeles Times
Weighing the cost and benefit of divestmentSilicon Valley and the entertainment and biotech sectors have secured Californi
Weighing the cost and benefit of divestment
Los Angeles Times / Posted 21 days ago
Silicon Valley and the entertainment and biotech sectors have secured California's reputation as an investment nirvana. Here's the other side of a coin: the state is a national leader in divestment actions too. California initiatives aimed at... Read more
4 related stories
21d
The Sacramento Bee
New lawsuit targets California state tax building, officialsA dozen state workers are suing the Board of Equalization, alleging that agency
New lawsuit targets California state tax building, officials
The Sacramento Bee / Posted 21 days ago
A dozen state workers are suing the Board of Equalization, alleging that agency leaders for years have known its 24-story headquarters is a health hazard but continue to tell employees that the building is perfectly safe. The lawsuit filed in... Read more
22d
Orange County Register
Taxpayers can see budget burden only risingAccording to the numbers presented in Gov. Jerry Brown’s fiscal 2016-17 budget
Taxpayers can see budget burden only rising
Orange County Register / Posted 22 days ago
According to the numbers presented in Gov. Jerry Brown’s fiscal 2016-17 budget proposal, California taxpayers will continue to be punished for the mismanagement of the major state pension systems, about which public employee unions couldn’t be... Read more
23d
Zero Hedge
Sell The F*#&ing Rip: Day 4Moar greater foolz needed! He who panics first, panics best... Please move in
Sell The F*#&ing Rip: Day 4
Zero Hedge / Posted 23 days ago
Moar greater foolz needed! He who panics first, panics best... Please move in an orderly fashion toward the exits. They would be panicking if they understood what we understand. A testament to their naivete this is happening in such a relatively... Read more
23d
San Jose Mercury News
Police brass to receive pay bumpPALO ALTO -- Police captains and lieutenants are poised to receive their first
Police brass to receive pay bump
San Jose Mercury News / Posted 23 days ago
PALO ALTO -- Police captains and lieutenants are poised to receive their first salary increase in years. The City Council on Monday approved a "letter agreement" that outlines terms for wages and health and retirement benefits for the Palo Alto... Read more
24d
The Sacramento Bee
New downtown buildings must add life to Sacramento, not suck its soulSacramento’s front door is an embarrassing eyesore of a vacant lot owned by Cal
New downtown buildings must add life to Sacramento, not suck its soul
The Sacramento Bee / Posted 24 days ago
Sacramento’s front door is an embarrassing eyesore of a vacant lot owned by CalPERS. Now word has it that a gleaming new building could occupy it soon. We hope so, just as we hope that Gov. Jerry Brown will win legislative approval of the proposal... Read more
25d
The Sacramento Bee
State tax agency looking at Capitol Mall site for new headquartersThe state Board of Equalization is in discussions about moving its 2,200-employ
State tax agency looking at Capitol Mall site for new headquarters
The Sacramento Bee / Posted 25 days ago
The state Board of Equalization is in discussions about moving its 2,200-employee headquarters to a new mixed-use tower that could be built in the infamous “hole in the ground” at Third Street and Capitol Mall in downtown Sacramento. Proposals to... Read more
25d
The Monterey County Herald
Very curious about Pacific Grove’s budget This week Pacific Grove Councilman Rudy Fischer has declared his candidacy fo
Very curious about Pacific Grove’s budget
The Monterey County Herald / Posted 25 days ago
This week Pacific Grove Councilman Rudy Fischer has declared his candidacy for mayor. He has stated, along with Mayor Bill Kampe, outgoing City Manager Thomas Frutchey, City Attorney David Laredo and some... Read more
26d
Los Angeles Times
California regulators are urged to scrutinize health insurance mega-mergersCalifornia is becoming a battleground state in the fight over health insurance
California regulators are urged to scrutinize health insurance mega-mergers
Los Angeles Times / Posted 26 days ago
California is becoming a battleground state in the fight over health insurance mega-mergers. Consumer advocates are putting pressure on regulators in California and a dozen other key states to scrutinize the deals amid concerns that consumers will... Read more
9 related stories
30d
J Weekly
Legislation calls on California to boycott Israel’s boycottersA bill that would require the state’s enormous pension funds to divest from any
Legislation calls on California to boycott Israel’s boycotters
J Weekly / Posted 30 days ago
A bill that would require the state’s enormous pension funds to divest from any company that boycotts Israel has been introduced in the California Assembly. Assemblyman Travis Allen (R-Huntington Beach) introduced AB 1551, the California-Israel... Read more
30d
Contra Costa Times Newspapers
Pension obligations tilt West Contra Costa school district budget pictureRICHMOND -- While West Contra Costa schools trustees last month received the su
Pension obligations tilt West Contra Costa school district budget picture
Contra Costa Times Newspapers / Posted 30 days ago
RICHMOND -- While West Contra Costa schools trustees last month received the surprising news that their district is bankrupt, the firm that performed this year's financial audit and county schools officials are saying the situation isn't as bad as... Read more

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