More than $30 billion in economic activity was generated by retirement benefits paid by the State’s pension fund, according to a study released by the California Public Employees’ Retirement System (CalPERS). The CalPERS Economic Impacts in California report for the Fiscal Year ending June 30, 2012, highlights the vital role CalPERS plays in the State’s economy each year. The report demonstrates how CalPERS benefits and investments generate significant economic activity in the state, to stimulate business growth and increased tax revenues, and to support and create jobs for Californians.
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On Tuesday night, without comment, the Anaheim city council agreed to pay $1.22 million in plaintiff attorneys fees related to a voting rights lawsuit seeking to require the establishment of council districts, and district level elections, in the city. The amount is on top of the $1.25 million in legal fees the city had incurred fighting the inevitable.
“I want to focus on maintaining the strong pro-business majority on the council that my colleagues Kris Murray and Gail Eastman bring to the city,” Kring said. “My leaving the race will allow for the resources that would have funded my campaign to be directed to limiting the length of time that our city has to suffer under such failed leadership as Tom Tait’s.”
When you think AAA, you think emergency road service and maps for the family vacation (although Garmin and Google Maps have pretty much put an end to that). But in reality, AAA is is an insurance company. Last week, it unveiled legislation, SB 994, billed as the “AAA Insurance Data Grab Bill” by its opponents, that would allow insurance companies to access data from automobiles.