Category: CalPERS

Bad news for bad faith

30 July, 2013 (09:00) | Bankruptcy, CalPERS, Litigation, Pensions, Stockton |

By:David A. Smith   As Stockton goes, so does Detroit?   Entering bankruptcy … follow the lead of those who’ve gone before   Detroit’s recent bankruptcy filing, though entirely predictable and fully foreshadowed, will focus public attention because of its political significance (the GM recapitalization, the President’s previous boast of having “refused to let Detroit […]

Month in Review, February, 2013: Part 2, All finance is global

26 April, 2013 (09:00) | Apartments, Argentina, Bankruptcy, Boston, CalPERS, Chapter 40B, Eurozone, Housing, Inclusionary zoning, Innovations, Month in review, Rating agencies, Redevelopment, US News, Zoning |

[Continued from yesterday's Part 1.] ­­ [Previous Months in Review available here: Jan 13, Dec 12, Nov 12, Oct 12, Sep 12, Aug 12, Jul 12, Jun 12, May 12]   By:David A. Smith   You deserve a break today   Turning from the local to the national, I reported, with no little righteous, on the […]

Month in Review, February, 2013: Part 1, All real estate is local

25 April, 2013 (09:00) | Apartments, Argentina, Bankruptcy, Boston, CalPERS, Chapter 40B, Eurozone, Housing, Inclusionary zoning, Innovations, Month in review, Rating agencies, Redevelopment, US News, Zoning |

[Previous Months in Review available here: Jan 13, Dec 12, Nov 12, Oct 12, Sep 12, Aug 12, Jul 12, Jun 12, May 12]   By:David A. Smith   It all depends on what you think ‘local’ is   We think of home as a place of safety where we keep the dangerous world out, […]

Month in Review, December, 2012: Part 2, Globalized failures

8 February, 2013 (09:00) | Bankruptcy, Boston, CalPERS, Disaster response, Economics, Euro, Global news, Month in review, New York City, Proposition 13, Real estate taxes, Relief, San Bernardino, Slums, Speculation |

[Previous Months in Review available here: Nov 12, Oct 12, Sep 12, Aug 12, Jul 12, Jun 12, May 12]   By:David A. Smith   [Continued from yesterday's Part 1.]   In yesterday’s Part 1 of our economically grim December, we followed localized failures in Boston and New York City to the ultimate in personal […]

Month in Review, December, 2012: Part 1, Localized failures

7 February, 2013 (12:33) | Bankruptcy, Boston, CalPERS, Disaster response, Economics, Euro, Global news, Month in review, New York City, Proposition 13, Real estate taxes, Relief, San Bernardino, Slums, Speculation |

[Previous Months in Review available here: Nov 12, Oct 12, Sep 12, Aug 12, Jul 12, Jun 12, May 12]   By:David A. Smith   Housing issues – and this is a housing blog, remember [Who are you reminding – yourself? – Ed.] are inherently place-based, so it’s appropriate to start our review of the […]