The nation’s largest teacher pension fund took the first step Wednesday toward divesting from companies that make guns and high-capacity ammunition magazines that are illegal in California.
State Treasurer Bill Lockyer is calling for a review of state pension fund investments connected to a company that manufactures firearms – including a type of rifle used in the Connecticut school shootings.
Nadia Lockyer, the estranged wife of state Treasurer Bill Lockyer and a former Alameda County supervisor, was charged Wednesday with drug possession and child abuse, according to prosecutors.
A disputed report from Stanford University suggests the state’s public pension fund could be hundreds of billions of dollars less than previously estimated.
The state has made a deal for a short-term bridge loan of $5 billion from private investors in case the U.S. federal government defaults on its debt.
Treasurer Bill Lockyer said the state may need to seek financing from Wall Street in case talks fail to raise the federal debt ceiling ahead of an Aug. 2 deadline.
State Treasurer Bill Lockyer says California could be forced to issue IOUs as early as April or May if state lawmakers don’t make deep spending cuts soon.
Two top California officials have frozen almost $150,000 of campaign contributions given to them from a housing developer accused of defrauding government agencies.