CalPERS and CalSTRS – the two largest public employee pension funds in both California and the nation –just announced their annual investment returns for the 2018-19 fiscal year. Once again, it’s not good news for California taxpayers. Both funds reported that their respective net return of...
Every other year, I always take a big trip somewhere around the world. This fall, I’m excited to be traveling to England, Ireland, and Scotland for the first time. As I prepare for my trip, the UK is in the midst of great political turmoil –...
Perhaps the most controversial bill of this year’s legislative session is legislation responding to last year’s state Supreme Court ruling that has the potential to disrupt how millions of people work in California. In the Dynamex ruling, the Court established a new three-prong test to determine...
You may have heard about Libra, Facebook’s newest venture aimed at the cryptocurrency and blockchain industries. Facebook released a whitepaper on Libra in June, detailing how the company plans to use Libra as a decentralized blockchain, low-volatility cryptocurrency and smart contract platform to create innovation...
California has lived on the trope of being the hub of technology startups and innovation for decades. California’s economic success has long been touted and celebrated, none more so than the technology gold rush in the Bay Area. But despite California’s seemingly never-ending economic growth, the...
Home ownership provides basic financial literacy, drives wealth creation, and increases free cash flow for individuals and families. However, it can be difficult to differentiate between having surplus cash and wealth. Having surplus cash is having the ability to spend lots of money now; being wealthy is...
Citing an oft-used U.S. Census Bureau statistic that women earn 80 percent of what their male counterparts earn, presidential hopeful and California Senator Kamala Harris said that if elected, she would end gender pay discrimination by requiring companies to disclose salary data to the Equal...
Many California legislators seem to believe in open borders — not just the border to Mexico but also the borders to Arizona, Nevada, and Oregon. Businesses are slipping out of state through those boundaries at an alarming rate because of the difficult conditions lawmakers have...
After being soundly defeated in the Senate 0-57 (43 Democrats voted “present”), the Green New Deal continues to languish in the House. Roll Call reported the following excuse from Speaker Nancy Pelosi: “I can’t say we’re going to take that and pass it because we...
In the classic work Through the Looking Glass by Lewis Carroll, the character Humpty Dumpty says that “When I use a word, it means just what I choose it to mean – neither more nor less.” Responding, Alice (of Wonderland fame) says, “The question is whether...