FROM Pat Macht
The State Budget and Public Pension Reform Governor Brown has declared a stalemate on closing the $25 billion gap between state spending and revenue. He wants roughly half made up by spending cuts and the other half to be an extension of tax increases approved by the voters. Republicans won't give him the two-thirds vote required to put that on the ballot, but there might be a deal on public pension reform. The state's bipartisan Little Hoover Commission has concluded that underfunded pensions threaten both state and local governments. The Legislative Analyst , also bipartisan, agrees.
The Trouble with CalPERS The California Public Employees Retirement System is the biggest thing of its kind in the country with $200 billion in assets. CalPERS, as it's called, has been a model for big investors and a champion of good corporate governance. Now its reputation is under assault because of big losses from bad investments and potential conflicts of interest. Today's Los Angeles Times reports that CalPERS continued doing business with two hedge fund advisors for two years after contracts had run out.
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.
Human Rights in the era of Donald Trump President Trump’s UN Ambassador, Nikki Haley, said today the US might pull out of the United Nations’ Human Rights Council. Serious violators of human rights are members of the Council itself–and a US resignation could make things worse. Later on today’s show, now that he’s into his second term, comedian turned US Senator Al Franken is telling jokes again.
Will the Senate write a healthcare bill in secret? While Democrats and Republicans argue White House relations with Russia, another question is being decided behind closed doors: who gets help buying health insurance and who doesn't? We hear how the pros and cons are being shrouded in secrecy.