Time for another Texas vs. California update: California’s underfunded pension debts put it $175.1 billion in the red. “More than 51 percent ($89.9 billion) of the negative $175.1 billion consists of unfunded, employee-related, long-term liabilities.” (Hat tip: Pension Tsunami.) A initiative to hike California’s minimum wage to $15 an hour has made the ballot. Also … Continue reading Texas vs. California Update for March 24, 2016