Posts Tagged ‘Pacific Grove’
Thursday, November 12th, 2015
Time for another Texas vs. California roundup:
Is the Los Angeles Unified School District headed for bankruptcy?
If it does, pensions are one of the main culprits. (Hat tip: Pension Tsunami.)
A tale of two pension plans. Atlanta successfully reformed theirs. San Jose didn’t. (Hat tip: Pension Tsunami.)
All five of the most expensive housing markets in the U.S. are in California.
California ranks among the bottom five in standardized school tests.
Part four of a long, detailed piece on the fall of Pacific Grove, and why it matters. (Hat tip: Pension Tsunami.)
Spending $15 billion for a tunnel for fish in the midst of a drought isn’t going over well with California voters.
Who is the water-wasting Wet Prince of Bel Aire?
The fight over California mining company Molycorp’s bankruptcy.
Roses are Red/Violets are Blue/The State of California has/Blood samples from you.
The WNBA’s Tulsa (formerly Detroit) Shock relocate to Dallas. In other news, the WNBA is evidently still in business.
TPPF’s Dr. Vance Ginn on why the Texas model works.
Tags:California, Pacific Grove, pension crisis, San Jose, Texas, Vance Ginn, Welfare State, WNBA
Posted in Texas, Welfare State | No Comments »
Thursday, March 13th, 2014
Time for another roundup of Texas vs. California:
Texas surpasses California as the top tech exporter.
Victor Davis Hanson wants to “save” California by making liberals eat their own dogfood.
Texas is creating jobs at all income levels.
Vallejo still can’t afford its pensions:
The California city of Vallejo emerged from bankruptcy just over two years ago, but it is still struggling to pay its bills.
The main culprit: Ballooning pension costs, which will hit more than $14 million this year, a nearly 40% increase from two years ago.
Amid threats of legal action from the state’s pension giant, CalPERS, Vallejo did little during its nearly three-year stint in bankruptcy to stem the growth in its pension bills.
Rising CalPERS pension costs are also threatening Long Beach’s financial stability.
Berkeley is looking a little better for the short term, but after that they too will be feeling the CalPERS squeeze.
Pacific Grove is having a referendum to roll back pension increases.
California is getting ready to hike gas taxes again, adding another 12ยข a gallon to gas prices.
Is there a Democrat-on-Democrat battle over unions brewing in California?
California nursing home chain files for bankruptcy. “The dagger in the heart is that we have been overwhelmed by a wave of class-action lawsuits.”
A list of former Los Angeles city employees earning six figure pensions. (Hat tip: Pension Tsunami.)
California rancher’s are selling their cattle to Texas ranchers due to drought.
Cagney Global Logistics relocates from Denver to Irving, Texas.
San Jose-based sheet metal manufacturer Cortec is expanding in Pflugerville.
Even punk rock queen Exene Cervenka is getting out of California while the getting is good:
Now when I think about California, I think of a liberal oppressive police state and regulations and taxes and fees. I’d rather go someplace and have my own little place out on the edge of town. I’m a country girl at heart. It makes me happy when I see people in Texas open-carrying. It makes me feel safe. I’m not even a gun owner, but I’d like to see a gun rack in every pickup truck, like my boyfriend had when I was fifteen years old in Florida. An armed society is a polite society.
No End In Sight for Texas Oil Boom.
Tags:bankruptcy, Berkeley, Budget, California, CalPERs, Exene Cervenka, Long Beach, oil industry, Pacific Grove, pension crisis, Texas, unions, Vallejo, Vict, Victor Davis Hanson
Posted in Budget, Democrats, Texas, unions | No Comments »
Wednesday, January 8th, 2014
Time for another look at the respective fortunes of the nation’s two biggest states:
Between 1992 and 2010, California lost $45.27 billion in income while Texas gained $24.94B. (Hat tip: Moe Lane.)
That’s one of the many reasons Texas has a $2.6 billion budget surplus.
California’s Attorney General imposes some strange language choices on a proposed pension reform initiative.
California Governor Jerry Brown to shift money from a green “cap and trade” fund to the high speed rail boondoggle. “Brown, et al., apparently believe that diverting cap-and-trade fees into the bullet train may buy enough time to move some dirt and lay some track, with the hope that once construction begins, it will create a moral/political commitment to complete the project. But the proposed diversion is more likely to be dumping more money into a bottomless rathole.”
Remember: Spending money on green boondoggles means less is available for paying for luxuries like heating classrooms in winter.
Desert Hot Springs inches closer to bankruptcy. They’ve already eliminated their fire department, owe $4 million from last year, and are expected to run out of money in April.
How the California city of Pacific Grove broke the law and ignored voter wishes to accumulate massive pension debts. “Pacific Grove now has a new unfunded pension deficit of about $45 million, in addition to the $20 million in pension bonds. The deficit grows at 7.5% per year (about $3.2 million compounding).” A neat trick for a city whose entire budget is around $12 million a year. The first in what promises to be a 7 part series.
Orange County employees enjoy a whole bunch of plush benefits.
There’s a movement afoot in California to replace seniority with performance for determining teacher layoffs. Another group wants to make it easier to fire sex offenders. Naturally teacher’s unions are opposing both. (Hat tip: TPPF.)
California declares war on hot sauce maker Sriracha.
Is California’s 10 day gun waiting period unconstitutional? (Hat tip: Shall Not Be Questioned.)
Restaurant chain Mimi’s Cafe relocates their headquarters from California to Texas.
There’s a lot of talk (not yet confirmed) that Vista Equity Partners is planning to move Active Network, Websense, and Omnitracs to Texas.
Evidently Los Angeles can no longer support a WNBA team. (Hat tip: Dwight.)
Allied Van Lines confirmed that Texas remained the number one destination for relocation in 2013.
14 things non-Texans don’t understand.
Tags:Budget, California, Democrats, Desert Hot Springs, Jerry Brown, Pacific Grove, Texas, unions, waste, Welfare State
Posted in Budget, Democrats, Texas, unions, Waste and Fraud, Welfare State | 1 Comment »