CALPERS earns dismal 1 percent on investments. Why is this important? CALPERS return “was well below its projected return of 7.5 percent for the fiscal year that ended June 30…” and “The investment returns are critical because taxpayers are on the hook for the difference if the pension funds fail to meet their performance targets.” Hey, the bullet train is gonna save California just like Army Detachment Steiner saved Berlin from the Soviets.
Author: Bonfire of the Absurdities
After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.
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