Category: California

Are greatly exaggerated

20 May, 2016 (09:09) | Apartments, California, Conferences, Housing, Innovations, Personal, Rental, US News | No comments

By: David A. Smith   It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt. A – Mark Twain   Can‘t be a Genie without a turban, can you?   Explaining the rules to the three Visionaries: Red (Carol Ornelas, Visionary […]

Month in Review: June, 2015

17 July, 2015 (10:00) | Bankruptcy, California, CalPERS, Delhi, Greece, India, Municipal bankruptcy, Olympics, Pollution, Public-employee pensions, Stockton, Urbanization, US News |

By: David A. Smith Thought of the day, courtesy of my most faithful reader: If Vladimir Putin hadn’t wasted $50 billion (yup, billion) creating the instant-white-elephant of Sochi’s Olympics, he would have had the cash to buy Greece out of its difficulties and dramatically upset the European applecart. ”So, Vlady, you got that fifty extra-large […]

The curse of the Gray PERL: Part 9, “CalPERS has bullied its way about with an iron fist”

19 June, 2015 (10:00) | Bankruptcy, California, Federal supremacy, Law, Municipal bankruptcy, Politics, Public-employee pensions, Speculation, Stockton, US Constitution, US News |

 By: David A. Smith [Continued from yesterday’s Part 8 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, and Part 7.] Finally, with all the proximate bankruptcy facts (explained in detail in Stockton Judge Christopher Klein’s bankruptcy decision and opinion In re City of Stockton) cleared away – Franklin […]

The curse of the Gray PERL: Part 8, “Promises of higher pensions to get through labor negotiations”

18 June, 2015 (10:00) | Bankruptcy, California, Federal supremacy, Law, Municipal bankruptcy, Politics, Public-employee pensions, Speculation, Stockton, US Constitution, US News |

 By: David A. Smith [Continued from yesterday’s Part 7 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, and Part 6.] Yesterday’s post having concluded with a Sidebar of Outrage over CalPERS’s exploitation of the duress cities found themselves in after Proposition 13 (explained from material in Stockton Judge Christopher Klein’s […]

The curse of the Gray PERL: Part 7, “CalPERS says the city would owe it $1.6 billion”

17 June, 2015 (10:00) | Bankruptcy, California, Federal supremacy, Law, Municipal bankruptcy, Pensions, Politics, Public-employee pensions, Speculation, Stockton, US Constitution, US News |

 By: David A. Smith [Continued from yesterday’s Part 6 and the preceding Part 1, Part 2, Part 3, Part 4, and Part 5.] Now readers fully understand, as laid out by Stockton Judge Christopher Klein’s bankruptcy decision and opinion (In re City of Stockton), CalPERS’ unique position under California law.  CalPERS had a position so […]