Posts Tagged ‘Texas’
Thursday, July 3rd, 2014
Enjoy Independence Day tomorrow. In the meantime, here’s another Texas vs. California roundup:
Burwell vs. Hobby Lobby wasn’t the only important Supreme Court case last year. The Harris vs. Quinn decision, invalidating mandatory union fees for home health care workers, could have a huge impact on SEIU in California. “where 400,000 state-paid in-home care workers are represented by the SEIU.”
Former CalPERS CEO to plead guilty to bribery and conspiracy charges.
At least 1,500 Bay Area employees have racked up $50,000 in yearly overtime. “A Monterey County jail guard who worked enough overtime to nearly triple his annual base pay to $264,000 last year.”
Wonder why San Bernardino is bankrupt?
“San Bernardino, California, said that to exit bankruptcy it must terminate a union contract that pays an average annual salary of $190,000 to each of its top 40 firefighters,” according to an article in Bloomberg. That’s just salary. Firefighters receive the generous “3 percent at 50″ retirement package that allows them to retire with 90 percent of their final years’ pay at age 50. And there are lots of pension-spiking gimmicks and other benefits on top of that.
“These cities are run for the benefit of those who work there. Public services are a side matter at best.”
Murrieta, California Protesters greet Obama Administration shipment of illegal aliens with protests, blocking them from being dumped in their community.
Judge strikes down Pacific Grove pension initiative.
Some bay-area California cities want to hike they local minimum wage. Hey, that won’t hurt businesses here in Texas, so knock yourselves out…
More on Toyota’s relocation to Texas, along with some tidbits on the Texas economy:
Toyota’s move to Texas is a high-profile relocation, but Texas has been used to adding — and filling — new jobs at a superlative pace. The state added more than 1.9 million new jobs over the period from December 1999 to April 2014, more than 35 percent of the entire nation’s total for that 15-year period, noted Michael Cox, an economics professor at Southern Methodist University in Dallas. And Texas had an unemployment rate of just 5.1 percent in May, 16th-lowest in the United States.
Meanwhile, Cox noted, Texas’s median wages are 28th-highest in the nation; and they rank 8th-highest after adjusting for taxes and prices. Texas schools rank 3rd, he said, after adjusting for variations in student demographics, a raw statistic which places Texas 28th in the nation.
“We’re able to accomplish all this and more because the business environment in our state is largely competitive, and free markets solve problems,” Cox told me. “Texas is a meritocracy, where incentives still work to produce good results.”
“Six current and former members of the Los Angeles County Sheriff’s Department were found guilty Tuesday of obstruction of justice.
Grand Jury:”Hey, you might want to consider a pension reform task force.” City of Napa: “Get stuffed.”
Santa Ana-based Corithhian Colleges could be headed for bankruptcy.
Texas is now home to more Fortune 1000 Companies than any other state.
Liberals are still upset that Texas’ red state model is kicking the ass of California’s blue state model. Enter the Texas Tribune, which admits that:
Drive almost anywhere in the vast Lone Star State and you will see evidence of the “Texas miracle” economy that policymakers like Gov. Rick Perry can’t quit talking about….
This hot economy, politicians say, is the direct result of their zealous opposition to over-regulation, greedy trial lawyers and profligate government spending. Perry now regularly recruits companies from other states, telling them the grass is greener here. And his likely successor, Attorney General Greg Abbott, has made keeping it that way his campaign mantra.
It’s hard to argue with the job creation numbers they tout. Since 2003, a third of the net new jobs created in the United States were in Texas. And there are real people in those jobs, people with families to feed.
But the piece also notes that Texas has led the nation in worker fatalities for seven of the last ten years. I’m not going to get into the details of worker compensation that make up the bulk of the piece, and it is quite possible there is some room for improvement in worker safety. But I do want to note that, as the second largest state in the union, and the one with the biggest oil and gas industry, it’s not terribly surprising that Texas would have the largest number of fatalities, since oil and gas has a fairly high fatality rate (though not injury rate) compared to other industries (see page 14 here).
Tags:Border Controls, Budget, California, CalPERs, corrupt scumbags, corruption, Crime, fraud, Harris vs. Quinn, Los Angeles, Murrieta, Napa, San Bernardino, SEIU, Texas, unions
Posted in Border Control, Budget, Crime, Democrats | No Comments »
Wednesday, July 2nd, 2014
So Democratic state representative Trey Martinez-Fischer used his speech at the Texas Democratic convention to say that GOP stands for “gringos y ostros pendejos” (or, roughly, “gringos and other assholes”). In other words, he just insulted every black, Hispanic and Asian Republican in Texas.
I knew that name sounded familiar, mainly because he was born Ferdinand Frank Fischer III and formerly known as Tracey Fisher, then started going by Trey Martinez-Fischer.
I’m sure the fact he was running for office as a Democrat in a Hispanic majority district had nothing to do with that decision.
More and more it seems that racist condescension is the default liberal attitude to those who wander off the Democratic plantation…
Tags:Democrats, liberal racism, Texas, Texas Democratic Party, Trey Martinez-Fischer
Posted in Democrats, Texas | No Comments »
Wednesday, July 2nd, 2014
Remember Anson Chi, the Ron Paul/Occupy follower accused of trying to blow up a gas pipeline in Plano?
Now he’s apparently plead guilty to charges he already plead guilty to before:
Anson Chi, 35, pleaded guilty to two of the four counts he was facing at trial – the same two counts he pleaded guilty to during a hearing last year. The difference with this plea agreement is that the prison sentence is essentially open-ended. Chi will be able to argue issues related to sentencing and will have the opportunity to appeal in some cases. The sentence will be imposed by U.S. District Judge Richard Schell. No date has been set for sentencing.
I’m not going to pretend to understand the legal reasoning behind the double guilty pleas to the same charges.
“Chi represented himself at trial after firing his defense attorneys earlier this year.”
That’s pretty much universally a wrong move, but the whole “trying to blow up a pipeline and only injuring yourself” does suggest he’s not the sharpest tine on the rake.
Previous Anson Chi coverage here.
Tags:Anson Chi, Crime, Plano, terrorism, Texas
Posted in Crime, Texas | No Comments »
Monday, June 23rd, 2014
Some Texas statewide race news to start your week with:
Her campaign manager twitched her whiskers, then jumped off the USS Wendy Davis. Speaking of which, remember her old logo?

Of the move, liberal MSM fossil Paul Burka says it’s about time: “The Davis campaign has been a disaster.” Also:
Democrats have already started describing the Republican slate as the “Abbott, Patrick, Paxton ticket.” There is always a “be careful what you wish for” component to these races. Patrick in particular is a very shrewd operator who has widespread support from the conservative base. He is a dangerous opponent. Democrats who underestimate him do so at their peril.
The fact that Greg Abbott is kicking Wendy Davis’ ass in polls is no surprise. The fact that Dan Patrick is kicking Leticia Van de Putte’s ass by an even bigger margin is.
Davis’ political obituary is already being written: “Privately, many of her supporters are resigned to her losing. And, already, some political operatives are pondering how she can stay politically relevant beyond November.” As I’ve said before, I think in 2015 she’ll host her own show on MSNBC.
Don’t give up, Wendy Davis! “Republicans needed her to be sucking up Democratic donors’ dollars all year long.”
Davis continues to raise funds where she’s most beloved: outside Texas.
More on that theme.
Abbott’s first ads against Davis are running in Spanish during the World Cup. It’s a sign of Abbott’s strength that he feels no need to secure his own base, so he can cut into Davis’ base right out of the gate.
Davis and Van de Putte are getting together to celebrate the one year anniversary of her abortion filibuster on Wednesday.
Abbott and Davis agree to two debates.
Abbot is not a big fan of corporate welfare.
Tags:2014 Governor's Race, 2014 Lt. Governor's Race, abortion, Elections, Greg Abbott, Leticia Van de Putte, Paul Burka, Texas, Wendy Davis
Posted in Elections, Texas | No Comments »
Friday, June 20th, 2014
Believe it or not, there seem to be a few actual glimmers of sanity in California in the latest roundup:
Texas: Not just leading the nation in jobs, but doing it more equitably as well.
“The income gap between rich and poor tends to be wider in blue states than in red states.” More: “Texas has a lower Gini coefficient (.477) and a lower poverty rate (20.5%) than California (Gini coefficient .482, poverty rate 25.8%).” (Hat tip: Instapundit.)
Perhaps the biggest crack in the “Blue State” model this month was a state superior court judge ruling that California’s teacher protection laws were illegal, because they violated the equal protection clause for students. How the Vergara vs. California decision plays out on appeal is anyone’s guess, but just recognizing that union contracts that keep crummy teachers employed harms students is a huge step forward.
New California payroll and pensions numbers are now available. “The data shows that public compensation in California is growing more out of control, threatening the solvency of the state and local governments.” Let’s take a look at a few locales, shall we?
Will wonders never cease: CalWatchdog calls the just-passed California budget “fairly prudent.”
The legislature also passed a law almost doubling the amount of money school districts pay into CalSTARS.
But don’t let that fool you: California’s legislature is still crazy.
Especially since California Democrats just elected a new Senate leader guaranteed to pull them to the left.
But Republicans are poised to torpedo California Democrat’s Senate supermajority.
Desert Hot Springs is contemplating dissolving it’s police force to avoid bankruptcy. (By my count, 21 Desert Hot Springs police officers make more than $100,000 a year in total compensation. Including five officers who make more than the Police Chief…)
San Bernardino has evidently reached agreement with CalPERS in it’s ongoing bankruptcy case, but no details have been reported.
They also closed a gap in a yearly budget thanks to some union concessions. But one union is balking, and its members are threatening to join the SEIU instead.
The California town of Guadalupe considers bankruptcy. One problem is that the town has been illegally transfering money from dedicated funds (like water bills) to general funds. “If voters do not pass three new taxes in November, Guadalupe is expected to disband its police and fire departments, enter bankruptcy or disincorporate, meaning it would cease to exist as a city.”
Ventura County residents collection enough signatures to force a ballot measure on pension reform. Response? A lawsuit to keep it off the ballot.
Los Angeles 2020 Commission goes over what changes the city needs to avoid a future where “40% of the population lives in ‘what only can be called misery,’ ‘strangled by traffic’ and hamstrung by a ‘failing’ school system.” Response? “Meh.”
Sickout among San Francisco municipal bus drivers. Good thing poor people don’t depend on buses for transportation…
Huge growth in Texas apartment complexes.
California’s prison system illegally sterilizes female inmates against their will.
The Obama Administration Department of Education is driving the California-based Corinthian for-profit college chain out of business.
A Californian discusses why relocation to Texas might be attractive, and hears the pitch for Frisco, Texas.
“‘Building a business is tough. But I hear building a business in California is next to impossible,’ Perry says.”
California regulators can’t be arsed to come out and check flaming tap water.
California bill to add warning labels to soft drinks fails.
California-based nutritional supplement maker Natrol files for bankruptcy, mainly due to class action suits. I note this because I’ve found their 3mg Melatonin to be really effective as a sleep aid.
Tags:Border Controls, Budget, California, CalPERs, CalSTARS, Desert Hot Springs, education, Frisco, Guadalupe (California), Los Angeles, pension crisis, Regulation, San Bernardino, SEIU, Stockton, Texas, unions, Vallejo, Ventura County, Vergara vs. California, Welfare State
Posted in Border Control, Budget, Regulation, Waste and Fraud, Welfare State | 1 Comment »
Wednesday, June 18th, 2014
There’s so much news going on in the world that it’s hard to sit down and focus on one story to get a single blog post out of it when there’s another huge story coming down the pike. Iraq, Ukraine, the VA Scandal, the dog eating Lois Lerner’s emails (“Barack Obama has brought us Jimmy Carter’s economy and Richard Nixon’s excuses”); too damn much going on to focus on one thing. So here’s a LinkSwarm instead:
Barack Obama is not interested in war, but war is interested in Obama.
Obama golfs while the world burns. “Oh Lord, I was born a golfing man!/I get in a round whenever I can…”
Obama Administration admits that ObamaCare will cost people more for health care, even with the subsidies.
Russia cuts off natural gas supplies to Ukraine.
Russian tanks appear in eastern Ukraine.
Russia’s top anti-corruption cop decides to take up flying.
One reason the IRS went after the Tea Party: Chuck Schumer asked them to.
“The Obama administration has reached levels of hitherto unknown incompetence.” (Hat tip: Instapundit.)
A majority of Americans do not believe that Obama is trustworthy. You don’t say.
Another day, another 48 people dead at the hands of Jihadists in Kenya. There are days when 48 people killed at a hotel would top the news…
The Obama Administration also released 12 Jihadists in Afghanistan.
Won’t someone please think about poor, impoverished Hillary Clinton?
The Obama Administration’s intentionally lax border control enforcement is letting letting Mexican gang members waltz into the country.
“Thousands of young, poor would-be immigrants—90,000 this year alone—have swarmed across the border, the logical fruition of the entire cynical approach of the Obama administration toward illegal immigration.”
Bill Gates wants to propagandize you into accepting illegal alien amnesty. Actually, what Gates and his high tech baron compatriots really want is more H1-B visas, but since that doesn’t help the Democratic Party as much as illegal alien amnesty, it gets rolled into the giant “comprehensive immigration reform” ball.
Should Obama have erased the IRS emails Nixon have erased the tapes?
Turning point in the Brat campaign: crashing a staged event to prove Cantor was lying about amnesty.
“Prostitutes more than double their earnings by moonlighting as currency traders” in Venezuela.
Argentina runs out of rope.
European cab drivers protest Uber by halting traffic. Result? Uber sees 850% increase in signups.
I’m going to boil this down to the essentials: Never open an account with a Georgia bank.
But maybe they need to seize your money to pay for all that food stamp fraud.
Does anyone really think West Virginia Democratic Senate candidate Natalie Tennant is any more “pro-coal” or “pro-gun” than Bart Stupak was “pro-life”?
Another year, another lefty writer caught plagiarizing the work of others. And not just any lefty writer, but a Pulitzer Prize winner to boot…
Chelsea Clinton got paid $600,000 by MSNBC. That worked out to $26,724 for each minute she was on the air. In other news, your betters in the overclass really don’t care what you think of the financial compensation one member of the class gives to another…
Millions in “urban redevelopment” money in Democratic-controlled Philadelphia ends up in certain people’s pockets with almost nothing to show for it. Try to contain your shock. (Hat tip: Instapundit.)
South Carolina university professors: “How dare you make us teach the Constitution?”
Violence and subway strike in advance of Brazil’s World Cup.
New guidelines for ignoring due process in accusations of college campus sexual assault = Lawsuitapalooza!
Erick Erickson calls out Ted Cruz for not endorsing more conservatives.
Dwight does some gun geeking for you Smith & Wesson fans.
Dear anyone who’s ever self-published their own book: you’re a fascist Ayn Rand supporter, using your evil individualism to bypass the holy gatekeepers of traditional publishing.
And if you think that’s the stupidest left-wing essay you’ll read today, think again.
There was enough voter fraud in a Weslaco City Commissioner Race for the judge to order a new election. “Some of the disallowed ballots were cast by voters claiming Rivera’s childhood home as their address.” Note: Weslaco is down in the valley right next to Donna, Texas, which had its own voting scandal.
Doggies! (Patriotic doggies, no less.) (Hat tip: Ace of Spades HQ.)
“This harlot-sized ensemble will make you the envy of your trampish posse on your fraudulent wedding day.”
Tags:Argentina, Brazil, Chelsea Clinton, David Brat, Democrats, Eric Cantor, feminism, fraud, Georgia, Guns, Iraq, IRS, Islamic State of Iraq and Syria, Jihad, Military, MSNBC, Natalie Tennant, ObamaCare, Philadelphia, Richard M. Nixon, Russia, Snith & Wesson, South Carolina, Ted Cruz, Texas, Ukraine, Venezuela, Victor Davis Hanson, Weslaco, West Virginia
Posted in Border Control, Democrats, Foreign Policy, Jihad, Media Watch, Military, Obama Scandals, ObamaCare, Texas, Waste and Fraud | 1 Comment »
Tuesday, June 10th, 2014
There seems to be some confusion over Texas Public Policy Foundation numbers for Texas budget estimates. Take, for example, this post by Erica Grieder. (She seems to be sharing space on Burkablog with the titular liberal fossil; I’m going to assume it’s a Sith-apprentice sort of thing…) She accuses TPPF of walking back their estimate of a 26% increase back to a more modest 9% increase.
The problem is she’s comparing apples to oranges by comparing their numbers for the amount appropriated by the legislature, which increased by some 26% between biennium, as opposed to the total amount spent, which increased by a far more modest 9%.
Here’s a chart:

Here’s an in-depth report by Talmadge Heflin, Vance Ginn, and Bill Peacock that explains it in more detail, including such budget arcana as “backfilling” and “patient income funds.”
Here’s a table containing the actual numbers. Remember that there are multiple line items that don’t get included in the “official” legislative budget document.
Here’s an editorial by Heflin and Arlene Wohlgemuth explaining it further.
Now, I do have one criticism of TPPF: All those documents I linked separately above should be boiled down into a single document. Flannery O’Conner once said “To the hard of hearing you shout, and for the almost-blind, you draw large and startling figures.” To which I add “For members of the press, you put key information in the front of the document is visual form so even the skimmers can comprehend it.” Asking some members of the press to look in four places for key information is simply asking too much of them. Especially if there’s drinking to be done, or interviewing another liberal interest group for pull quotes about the perfidious evil of Republicans.
Ideally there should be a spreadsheet or table near the front of that document with columns showing information just the 2012-2013 and 2014-2015 Bienniums and the % change between them with the following rows of information:
Amount appropriated by the legislature
Amount actually spent by Texas government for same period
Difference between the two
Backfilling
Patient Income
Rainy-Day Fund drawdown (if any)
Any other off-budget spending
State Revenue
Federal Revenue
That sort of thing would go a long way toward clarifying state budget expenditures for people who would otherwise protest that they told there would be no math.
Tags:Arlene Wohlgemuth, Bill Peacock, Budget, Erica Grieder, Paul Burka, Talmadge Heflin, Texas, Texas Public Policy Foundation, Vance Ginn
Posted in Budget, Media Watch, Texas | No Comments »
Monday, June 9th, 2014
Here’s a LinkSwarm to kick your week off with:
Gee, what could have possibly sent hospital prices skyrocketing? It’s an unsolvable mystery! (Hat tip: Instapundit.)
Old and Busted: ObamaCare will save the government money. The New Hotness: “In its latest report on the law, the Congressional Budget Office said it is no longer possible to assess the overall fiscal impact of the law.”
“For Obama and his defenders to blame Bush — or anyone but Obama — 64 months into his administration deserves nothing short of lip-curling scorn.”
The New Narrative: Obama is just massively incompetent at everything but campaigning.
The VA Scandal displays “a systemic lack of integrity.”
Nothing says “socialism is a raging success” quite like rationing drinking water. Enjoy your socialist paradise, Caracas, Venezuela! (Hat tip: Instapundit.)
The idiocy of “white privilege.”
“It is not sufficient that transsexuals should be free to act on their delusions — the rest of us are expected to participate in them with unreserved enthusiasm, and the Left is willing to use the state to compel us to do so…The belief that members of minority political tendencies should be jailed for their views is very much in vogue for the Left at the moment.”
Steve Crowder: Having a Penis Doesn’t Equal Misogyny.
Another day, another Social Justice Warrior issung death threats against their political enemies.
50 Years of Democratic Rule tracking Detroit’s decay using Google street view.
Once again, liberal Democrats oppose a project that might give burly blue collar men high-paying jobs.
Christopher Hitchens on Hillary Clinton. Yes, it’s old. (The fact Hitchens exited this vale of tears over two years ago may have been the first tipoff.) But I suspect this will not be the last time I repost it between now and 2016…
New York City now has more cops collecting pensions than walking the street.
The indicted friend of the Boston Marathon Bomber wired $71,000 to people in six countries using fake names. I think we can all agree that that’s not even slightly suspicious…
Best and worst paying college majors.
Vasser’s new Stalinist show trials.
The Texas Republican Convention occurred in Ft. Worth over the weekend, and delegates killed a down-payment on illegal alien amnesty, the so-called “Texas Solution.” How many time does the GOP establishment need to be told that actual voters reject amnesty, and demand that the border be secured before any changes are made to immigration law before they start listening?
Speaking of amnesty, all this “Dream Act” talk has sent children pouring over the border, where there are no housed in overcrowded and unhygienic holding facilities. Thanks, Obama!
Some of them are being dumped in Arizona.
Even Obama’s own immigration adviser says says his amnesty plan is endangering children. Plus “roughly 70 percent of swing-voters want tougher immigration rules.” Obama seems unwilling to stop the flood of illegal aliens because he views them all as potential Democratic voters…
10 essential economic truths liberals need to learn.
Fight gearing up between the Bureau of Land Management and Texas.
Grammer Nazis.
Public Service Announcement: Try not to murder people for imaginary Internet memes.
Samuel L. Jackson takes a selfie at a an Israel Independence parade in New York City. naturally liberals freak out.
When I think “Hip-Hop” the first name that comes to mind is Ron Howard.
Al Sharpton vs. The Teleprompter:
Science Fiction Writer Jay Lake, RIP.
Tags:Al Sharpton, amnesty, Arizona, Border Controls, Critical Race Theory, Democrats, Detroit, Israel, New York City, Obama Scandals, ObamaCare, Samuel L. Jackson, Steve Crowder, Texas, victimhood, video
Posted in Border Control, Communism, Crime, Democrats, Obama Scandals, ObamaCare, Regulation, Texas, unions, video | No Comments »
Saturday, June 7th, 2014
Ted Cruz spoke to the Texas Republican Convention yesterday. Since I suspect most of you didn’t have a chance to catch the livestream, here it is in handy YouTube form. Includes considerable criticism of Obama’s foreign policy (or lack thereof).
Consider this a “Hey, it’s the weekend, here’s something vaguely resembling content” post.
Tags:Foreign Policy, Republican Party of Texas, Republicans, Ted Cruz, Texas, video
Posted in Foreign Policy, Republicans, Texas, video | No Comments »
Tuesday, June 3rd, 2014
Lots of news on the Texas vs. California front. An audit turns up $31 billion in California budget mistakes, Democrats hike the minimum wage there, Jerry Brown tries to do something about the growing CalSTARS pension deficit, and people and businesses continue to depart the “Golden State” for Texas…
You know how Democrats were crowing that California had a budget surplus? Forget about it:
The California Bureau of State Audits set off a scandal on June 1st by disclosing that the State Controller’s Office made accounting misstatements amounting to $31.65 billion. The timing of the announcement may be devastating to the Democrats who expected to use their super-majority to pass billions of dollars in increased spending, but may now find the net effects of the accounting restatements are a $7 billion General Fund deficit.
Snip.
As the former Treasurer of Orange County, California it is my preliminary judgment that under state law the negative $7.847 billion impact from overstating general fund assets and revenues and overstating deferred tax revenues may create an “on-budget” deficit to the state’s $96.3 billion “General Fund Budget.”
From the same audit: “There was a deferred tax-revenue figure posted as $6.2 billion when it was actually $6.2 million.”
California Senate votes to hike minimum wage to $13 an hour. It’s like they want to export ALL their jobs to Texas.
Wealth continues to move from high tax states to low tax states. “The nine states without a personal income tax gained $146 billion in new wealth while the nine states with the highest income tax rates lost $107 billion.”
Union-dominated states are sinking further into economic stagnation as Democratic politicians increasingly dominate the local political climate. In 2012, California Democrats won a supermajority in both houses of the legislature and proceeded to accelerate a tax and spending spree that has been ongoing for two decades. For example, California now has the nation’s top state income-tax rate, at 13.3 percent.
Those kind of policies have consequences. The Manhattan Institute released a report in 2012 that found that since 1990, California had lost nearly 3.4 million residents to other states with lower tax rates.
Snip.
The U.S. is swiftly becoming a tale of two nations. States that are following the Reagan model of low taxes and incentives are booming while states that are opting for the Obama model of wealth redistribution and European welfare-state economics are stagnating.
Texas’ unemployment rate “has now been equal to or below the national average since January 2007 and below California’s rate—4th highest in the nation—for 93 consecutive months.”
A look at how many more billions per year California taxpayers will be coughing up for the inevitable CalSTARS bailout.
“Alameda Unified’s pension costs could nearly triple and those of its teachers could rise by 25 percent under Governor Jerry Brown’s proposal to reform the California State Teachers Retirement System.”
But even though its a step in the right direction, Brown’s proposals stretch out installments so far that they’re still not fiscally responsible. “Even with the higher rates, the debt would continue to grow until 2026. That’s because the amortization over 32 years means the payments would essentially not even cover the interest costs for the first 12.”
And the assumptions behind the repayment schedule sound like fantasy: “The state still faces a huge unfunded liability in the teachers’ pension fund—the governor’s proposal would increase employee’s contributions by 3 percent and increase school district’s by nearly 2 ½ times and it would still take 30 years to close the gap with a generously estimated 7.5 percent annual return.”
Judge rules CalPERS can be sued for mishandling a long-term insurance program.
Thanks to various legal rulings, there will be more felons on California streets. “Release on parole continues a steady climb in California. In just the past five years, over twice as many convicts serving life sentences have been paroled than in the last two decades combined.”
Cargo aviation firm Ameriflight is relocating from Burbank to Dallas/Ft. Worth.
Sony Pictures Imageworks visual effects house is relocating to Canada.
Tesla narrows down list of possible factory locations to Arizona, Nevada, New Mexico and Texas. Not on the list: His home state of California. “The winning state will need to have all the necessary permits approved by the time Tesla plans to break ground next month. With the onerous requirements of the California Environmental Protection Act (CEQA) and other environmental regulations, Tesla would be lucky to break ground by 2017 – when its battery factory is scheduled to open.”
New effort to bring California’s underfunded health liabilities onto the books. “Legislation in the early 1990s created an investment fund for California state worker retiree health care, but lawmakers never put money in the fund.”
Remember the FBI agent who shot and killed a suspect connected with the Boston marathon bombing? Turns out he receives $50,000 a year in disability pay from the Oakland Police Department. And he’s been getting that since 2004, when he retired at age 31. “59% of Oakland Police Department retirees have received disability retirements.” (Hat tip: Pension Tsunami.)
Why people are moving to Texas:
As a growing number of Americans choose to call Texas home, it is critical that policymakers not lose sight of the reasons why: low taxes, limited government, and personal responsibility. Liberty is popular. That’s a message that needs reinforcement, particularly at the local level where some of the macro level trends involving taxes, spending, and debt are moving in the wrong direction. We can keep Texas and our cities beacons of prosperity and flourishing — but to do that, we must understand the principles that got us here, and defend them in policy and the public square.
Some California cities have hidden taxes just to fund government worker pensions. (Hat tip: Pension Tsunami.)
Lawsuit over California teacher’s union seniority rules to go to trial.
Jerry Brown may let California commit more Kelo-like eminent domain abuses.
Sriracha followup: The Irwindale City Council voted Wednesday night to drop its declaration that the hot sauce plant was a public nuisance.
Just so I’m not accused of glossing over the occasional bit of bad Texas economic news, Motorola Mobility (which is owned by Google) is closing their Texas smartphone assembly plant. But I think this says more about Motorola Mobility’s viability in a smart phone market dominated by Apple and Samsung than about Texas’ economy…
Tags:Ameriflight, Budget, California, CalPERs, CalSTARS, Crime, Democrats, Economics, pension crisis, Sony Pictures Imageworks, Sriracha, Tesla Motors, Texas, unions
Posted in Budget, Crime, Democrats, Economics, Texas, unions, Welfare State | 1 Comment »