Posts Tagged ‘Monolith Semiconductor’

Texas vs. California Update for March 12, 2015

Thursday, March 12th, 2015

Time for another Texas vs. California update:

  • In a worst-case scenario, CalSTARS and CalPERS might need an additional $50 billion a year between them to stay solvent.
  • If you haven’t taken a look at my piece on Stockton’s latest boondoggle, you probably should.
  • A new ballot initiative to cut California public employee pensions is due out in May, lead by former San Jose Mayor Chuck Reed, a Democrat.
  • Even Jerry Brown’s timid pension reforms are evidently too much for the Obama Administration, which is holding up funds over them.
  • A rare bit of good municipal news out of California, as Rancho Mirage declares that they’re debt free. (Hat tip: Pension Tunami.)
  • Prime Health Care pulls out of Daughters of Charity hospital acquisition. California Attorney general Kamala Harris may have just insured those hospitals will close instead.
  • Texas population to explode. (Hat tip: Push Junction.)
  • Land acquisition for California’s high speed rail boondoggle isn’t going swimmingly.
  • Malibu Golf Club files for Chapter 11. “An attorney for Malibu Associates said the company closed the golf club after defaulting on a $47-million loan from U.S. Bank, which has begun foreclosure proceedings.”
  • “In February, the Berkeley Health Center, a clinic that provided medical services to low-income patients, closed down in the wake of serious financial troubles, including allegations that it had mismanaged public funds.” They also left behind sensitive patient records…
  • Calfornia hikes water rates. Millions for the delta smelt, not one blue drop for you to drink…
  • Monolith Semiconductor relocates from Ithaca, New York to Round Rock.