PRI's Focus on California
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CalPERS, Corruption And Cronyism
Fox & Hounds | Kerry Jackson
July 30, 2020
The plan, approved last month by the board, allows “CalPERS to put up to 5% of its total value into ‘opportunistic’ investments, which includes private debt. That works out to about $20 billion,” CalMatters reports. The Financial Times says leverage could reach “as high as 20% of the value of the fund, or nearly $80 billion based on current assets.”
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Register Today: PRI Webinar, "Craft Beer, COVID, and Distilleries" ([link removed])
PRI brings together distillery owners, craft brewers, and alcohol licensing experts to examine the impact that COVID-19 has had on the production of our favorite cocktails and beers.
Date: Tuesday, August 11, 2020 at 11 AM PDT
Panel:
Jarrett Dieterle, Director of Commercial Freedom and Senior Fellow, R Street Institute
Cris Steller, Dry Diggings Distillery, El Dorado Hills, CA
Daniel Moffatt Co-Owner and Head Brewer, Fountainhead Brewing Company, Sacramento, CA
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Nine California Statues Vandalized or Removed
Right By the Bay Blog | Rowena Itchon
July 29, 2020
Over the last few weeks, nine statues have been vandalized or removed across the state, according to a list compiled by Virginia Allen of the Daily Signal. When these monuments were erected, the city residents intended to memorialize these leaders for their extraordinary contributions to California and to the nation, not because they were perfect.
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Bartlett Cleland – Everything You Need to Know About California’s New Privacy Law
PRI Next Round Podcast | Bartlett Cleland
July 27, 2020
PRI Senior Fellow in Tech and Innovation Bartlett Cleland joins us to discuss the California Consumer Privacy Act, which took effect on July 1. He discusses the serious flaws with the new law and how it will impact consumers and business owners, looks ahead to November when voters would have a chance to enact an even tougher law in Proposition 24, shares the ideal free market version of a privacy law, and talks about how COVID-19 has affected technology and data privacy.
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CalPERS and CalSTRS Annual Returns Latest Public Pension Crisis Warning Sign
Right By the Bay Blog | Tim Anaya
July 27, 2020
The Sacramento Bee reported last week that, “California’s pension fund for teachers missed its investment target for the last fiscal year, reflecting a global market turndown brought on by the coronavirus outbreak.” The California State Teachers Retirement System, or CalSTRS, reported a 3.9 percent return on investments for the 2019-20 fiscal year.
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California Nightmarin’
Right By the Bay Blog | Kerry Jackson
July 30, 2020
A disappearing middle class is fine as long as its erstwhile members are reappearing in the upper class. Ever ascending to a higher rung is the American and the California dream. But if the middle class is reappearing in other states, which is the trend, the future is in question.
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