Texas vs. California Update for August 10, 2016
Time for another Texas vs. California roundup: How California screwed itself: Then-Gov. Gray Davis and the Legislature had quietly, virtually without notice, decreed a massive, retroactive increase in state employee pension benefits, which was quickly emulated by hundreds of local governments. At the time, CalPERS was ringing up big earnings from the 1990s’ bullish stock … Continue reading Texas vs. California Update for August 10, 2016
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