Some hyperventilating can be found in this source, but it regularly does the work and research that others do not.
Be sure to check Steve Frank's California News & Views throughout the day for breaking news and commentary! Visit
http://capoliticalnews.com/!
How “Good” is California Government Education? Only 25% of 4th Graders Read at Grade Level
Follow on twitter: @capolitcalnews
PLEASE FORWARD THIS NEWSLETTER TO YOUR FRIENDS
Bakersfield—What Recovery? Sales Tax Revenues Down—Healthcare/Pension Costs Up
by Stephen Frank on 01/29/2014
Guv Brown needs to talk with the city council of Bakersfield. Then he needs to fire his speech writers and his economic team. Either they have been lying to Jerry—or he is too confused to understand higher spending, lower revenues, plus the water policy of protecting fish over the needs of people—we are in a Depression in California—and it is getting worse.
Sales tax revenues are down—but spending is not cut. This is getting owrse.
“The city’s unfunded liability has risen by $8.7 million, to just more than $176 million for the 2011-2012 Fiscal Year.
Unfunded liability is the amount CALPERS would be short if every Bakersfield city employee whose pension it covers retired tomorrow.
The city’s cost for the one Kaiser Permanente and two Blue Cross health plans which it offers employees also rose, between 8.5 percent and 15 percent for contracts approved last month.
The increase will cost the city $1.5 million during 2014, Smith said, and is largely based on medical claims paid out.”
.See the full story by clicking on the blue headline
How many workers will be affected by Obama’s minimum wage executive order?
by Stephen Frank on 01/29/2014
The headlines for the compassionate looks great—raise the minimum wage to get people out of poverty. Not mentioned is that very few would be affected—most on minimum wage are teenagers, not adults with families. Not heard from are those that will lose their jobs if the minimum goes up—will Obama speak for them?
“Though the 2 million figure has been widely cited, it’s worth clarifying several points. To start, the 2 million estimate didn’t only include people who were employed through federal contracts, but also workers whose wages Demos estimated were funded through other federal spending, such as Small Business Administration loans, Medicare, and Medicaid. According to the Demos study, the number of workers who are employed directly through federal contracts was 560,000. A spokesman for Demos told the Washington Examiner that this is the category of people the group believes to be covered by the executive order.
But the number covered by the executive order would still be less than this 560,000.”
See the full story by clicking on the blue headline
How “Good” is California Government Education? Only 25% of 4th Graders Read at Grade Level
by Stephen Frank on 01/29/2014
Over the past twenty years California has more than doubled the money spent on government education. If this was a product, the management would be fired, the process changed and anybody responsible for the results not allowed to work in the industry.
How well do California government school fourth graders read? “The majority of California’s fourth-graders aren’t making the grade when it comes to reading. A new report finds only one in four California fourth-graders is reading at grade level.” You get an “F” if you score 25% on a test—this result is after billions have been spent, curriculum dumbed down and continuous changes to the curriculum over the years.
This is why children and parents should decide the education venue for each student—not the failed special interests that own the schools. Our children deserve the best—not the system we have now.
See the full story by clicking on the blue headline
Little-Known Facts About the Contract for the First Construction Segment of California High-Speed Rail
by Stephen Frank on 01/29/2014
Guv Brown and his desire to pay off unions and special interests means that Sacramento can not be transparent. The choo choo train is not about transportation—no one wants it, it is too expensive and literally the Authority is stealing private property in Fresno to continue the pretense this is going forward. The values of the contract is publicly misstated, the political donations from the construction companies AND the unions (not noted in this article) are not mentioned by the Guv and his political team.
Arnold, Jerry and the High Speed Rail Authority have been caught lying about the cost, the route, the travel time and the ridership..they even lied that this is a high speed rail. Due to how slow it will go, it is nothing more than a slick looking slow train.
“Three days after the $27,200 contribution was made – and on the day it was recorded by the California Secretary of State – California Attorney General Kamala Harris submitted an extraordinary request to the California Supreme Court on behalf of Gov. Brown, the California High-Speed Rail Authority, and other interested parties. They want the court to grant relief to allow the project to continue, even though a Sacramento County Superior Court judge decided in 2013 that the California High-Speed Rail Authority failed to comply with the law established by Proposition 1A in 2008 and therefore could not sell any of the $9.95 billion in bonds authorized by voters under that statewide ballot measure.”
”See the full story by clicking on the blue headline
Water supply project costs could halt plans for desalination, water recycling plants
by Stephen Frank on 01/29/2014
This is a terrible choice for the people of San Fran—but they have worked hard to get into this mess.
They now have a choice. For the short run spend money on the seismic problems of the water supply of the city. Or, for the long run spend money for a desalinization plant and recycling of wastewater programs. They do not have money for both. They have to pick one, and it does not matter which—in the future San Fran will lose its water supply.
“An extra $161 million in costs required to finish the so-called Water Systems Improvement Project and to start gleaning drinking water from groundwater will be paid out of money set aside for the desalination plant, Ritchie said. The WSIP — a seismic rebuild of the dams, tunnels and pipes that deliver SFPUC water to 2.6 million Bay Area homes and businesses — exceeded its $4.6 billion budget thanks to construction overruns like the one at Calaveras Dam, where the discovery of ancient landslides made the job more difficult.”
See the full story by clicking on the blue headline
CalSTRS: where is the urgency? It is Unsustainable
by Stephen Frank on 01/29/2014
Thanks to being forced to admit the full unfunded liabilities of CalSTRS, that agency has a deficit of $171 billion. When this was only $71 billion, it was declared to be unsustainable—now it is really $100 billion more and the agency has said and done nothing. The Board is not even anxious—have you seen statement of concerns, plans to solve the problem, urgency from the Governor or the Democrats running the Legislature? The unions that own Sacramento like the pensions—thinking money for education can be increased by raising taxes.
“CalSTRS provides pension benefits to nearly 900,000 beneficiaries. To ensure that money is available to pay for future benefits, the system accumulates contributions into a trust fund. Officially, CalSTRS has only 63% of the assets it needs to provide current and future retirement benefits, leaving the system with an $80.4 billion funding shortfall (market value). Currently, that unfunded liability grows $22 million each day lawmakers forgo a solution.”
See the full story by clicking on the blue headline
Greenhut: Everything is great in California (but don’t look too closely)
by Stephen Frank on 01/29/2014
When you watch Jerry Brown patting himself on the back for the California “miracle” you can almost believe it. For instance our jobless number are down—yet, in San Diego, that drop is counting the 92% that have dropped out of looking for jobs. Brown says he has a budget surplus—yet the State Controller says we have an $18.4 billion cash deficit—is Brown too confused or is trying to be like Obama?
So far, the State has found 17 communities that will be waterless in 90-120 days—as we get closer to summer, while salmon, delta smelt and the fairy shrimp have all the water they need, families will be cutting back 20% or more—and Central Valley farmers will get about 5% of their needs.
“But, as Jessica Calefati of the San Jose Mercury News reported recently, “Gov. Jerry Brown’s image as a responsible, penny-pinching steward of California’s finances has been cemented in recent weeks because of his renewed call to pay off California’s ‘wall of debt.’ That’s a term Brown coined when he took office to describe the tens of billions of dollars California owed to public schools and special funds whose coffers were raided to help balance budgets in the past. But look behind that $24.9 billion wall and you’ll see a $330 billion skyline of other liabilities threatening the state’s financial health. It includes $80 billion needed to cover teachers’ pensions and $64 billion to pay for state workers’ health care in retirement — two particularly troublesome liabilities because the state isn’t even making the minimum payments on them.”
See the full story by clicking on the blue headline
Should California’s Crowded Prisons Look to San Francisco’s Shrinking Jails
by Stephen Frank on 01/29/2014
A court has ruled that the comfort of criminals is more important that the safety of society. So far, between Arnold and Jerry, close to 50,000 criminals that should be in the State prison system are backed on the streets—in Los Angeles to probation folks have lost track of where thousands of these criminals are and what they are doing. On the plus side, this has caused the explosion in the purchasing of guns. Maybe that is because as the criminals have been released cash poor cities and counties have been forced to fire law enforcement officers. This exposed the fact that YOUR safety is your business, government can not protect you 24/7
“When it’s time for an inmate to leave prison or jail, San Francisco’s counselors find out what’s needed in housing, employment, health care and drug rehabilitation. The probation department has gone as far as picking people up from prisons to help them return to San Francisco. And little steps—like trying not to release people from county jail in the middle of the night when they’re more prone to slip up—have become part of the culture. “Other counties have taken realignment money and invested it in more jails,” Adachi says. “We haven’t done that.” Instead, San Francisco has focused on alternative sentencing and re-entry programs that hook offenders up with drug treatment, education and employment services.”
Now you know why gun sales have soared.
See the full story by clicking on the blue headline
NAFTA at 20 years old—American Unemployed and Larger Trade Deficits
by Stephen Frank on 01/29/2014
In the last twenty years American manufacturing jobs have gone overseas—just as Ross Perot and other NAFTA opponents said they would. Special rules were created for foreigners that American firms can not use. NAFTA was a way, we were told to globalize our economy—instead our economy took a hit and our workers became victims of those that believe in “One World”, not the protection of this nation.
A total disaster—as we knew it would be. Only the big corporations won.
“Major corporations like General Electric, Caterpillar and Chrysler announced they would add jobs for increased sales to Mexico. Instead, they eliminated jobs. For example, General Electric testified before Congress saying, “We are looking at another $7.5 billion in potential sales over the next 10 years. These sales could support 10,000 jobs for General Electric and its suppliers.” In reality, “General Electric has eliminated 4,936 U.S. jobs since NAFTA due to rising imports from Canada and Mexico or decisions to offshore production to those countries.”
The report also documents the fact that “the small pre-NAFTA U.S. trade surplus with Mexico turned into a massive new trade deficit and the pre-NAFTA U.S. trade deficit with Canada expanded greatly.” According to Census Bureau data, in 1993, the non-inflation adjusted U.S. trade surplus with Mexico was $1.6 billion, and in 2013, the U.S. trade deficit had grown to $50.1 billion. The non-inflation adjusted U.S. deficit with Canada grew from $4.4 billion in 1994 to $7.4 billion in 2013. Together the Mexico and Canada inflation-adjusted trade deficits “have morphed into a combined NAFTA trade deficit of $181 billion.”
See the full story by clicking on the blue headline
Economic Disaster of Drought has Started for 17 California Communities
by Stephen Frank on 01/29/2014
This is going to be a very long summer in California, unless we get another 1991 “March Miracle” and rain pours for ten days and ten nights, solving our water problem for years. The Brown/Obama policy has stopped 50% of the water needed in order to assure that the delta smelt, salmon and fairy shrimp have all the water they need. Now this process is beginning to collapse, for California citizens.
“As California’s drought deepens, 17 communities across the state are in danger of running out of water within 60 to 120 days, state officials said Tuesday.
The water systems, all in rural areas, serve from 39 to 11,000 residents. They range from the tiny Lompico County Water District in Santa Cruz County to districts that serve the cities of Healdsburg and Cloverdale in Sonoma County.”
Add to that the impending farm crisis in the Central Valley, receiving only 5% of the water they need for the farms. This could be the most difficult summer faced by California in a generation. Watch the water issue and you will see the pin pulled on the economy of our Golden State.
See the full story by clicking on the blue headline
________________________________________
________________________________________
Newsletter, please help my readership grow by passing it around. If some one sent this to you, and you would like your own subscription, you can sign up on my web page at
www.capoliticalnews.com ________________________________________