NEW BRIEF: CalPERS’ Political Agenda Puts Taxpayers and Retirees at Risk with Low Returns, Higher Unfunded Liabilities
SACRAMENTO – CalPERS – which adheres to a politicized Environmental, Social, and Governance (ESG) agenda – is generating lower returns in its investment strategies compared to a more typical investment strategy, finds a new brief released today by the Pacific Research Institute, a non-partisan California-based free market think tank. CalPERS generated a 10-year average annual return of 7.1% through June 30, 2023. By comparison, PRI’s research shows that a typical diversified investment portfolio of 60 ...
Learn more about California's water wars
Trump Victory Will Lead to New Battles in California’s ‘Water Wars’
California has been lately in the business of blowing up dams. So a decision to actually raise one is big news. In a deal approved by eight water agencies as well as the federal government, the San Luis Reservoir between Gilroy and Los Banos, the fifth-largest reservoir in the state, will be raised by 10 feet. Already at 382 feet, the added height will increase storage by 130,000 acre feet. That’s roughly the amount of water ...
When Ambition And Ideology Outpace Reality And Prudent Policymaking
Turns out the electric trucks aren’t selling well, so manufacturers will be able to build more diesel trucks than regulations were allowing them to. Yet again, the state tacitly acknowledges that its net-zero ambitions are unrealistic. It was a lesson learned late, though. Several states that followed the California model have backed off their agenda. “California’s blue-state allies in the electric truck transition are getting cold feet,” Politico says in a separate article. The story ...
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