<?xml version="1.0" encoding="UTF-8"?>
<!--Generated by Squarespace Site Server v5.11.81 (http://www.squarespace.com/) on Tue, 14 Feb 2012 21:31:38 GMT--><feed xmlns="http://www.w3.org/2005/Atom" xmlns:dc="http://purl.org/dc/elements/1.1/"><title>Cal</title><subtitle>Cal</subtitle><id>http://www.sanbrunobeacon.com/cal/</id><link rel="alternate" type="application/xhtml+xml" href="http://www.sanbrunobeacon.com/cal/"/><link rel="self" type="application/atom+xml" href="http://www.sanbrunobeacon.com/cal/atom.xml"/><updated>2011-02-17T20:26:58Z</updated><generator uri="http://www.squarespace.com/" version="Squarespace Site Server v5.11.81 (http://www.squarespace.com/)">Squarespace</generator><entry><title>DEMOCRAT CONTROLLED STATE LEGISLATURE DRIVING CALIFORNIA INTO BANKRUPTCY. CALIFORNIA SALES TAX REVENUES DOWN IN CALIFORNIA AFTER STATE LEGISLATURE RAISES SALES TAX RATES.</title><id>http://www.sanbrunobeacon.com/cal/2009/12/8/democrat-controlled-state-legislature-driving-california-int.html</id><link rel="alternate" type="text/html" href="http://www.sanbrunobeacon.com/cal/2009/12/8/democrat-controlled-state-legislature-driving-california-int.html"/><author><name>bb</name></author><published>2009-12-08T20:58:00Z</published><updated>2009-12-08T20:58:00Z</updated><summary type="html" xml:lang="en-US"><![CDATA[In a November 30 news release, the California State Board of Equalization announced that analysis of actual cash receipts from the third quarter of 2009 showed an overall decline of 14.91%, taking into account the newly imposed 1% sales tax increase.]]></summary></entry><entry><title>OPINION: GOVERNMENT EMPLOYEE UNIONS ARE DESTROYING THE ECONOMY AND CALIFORNIA'S STATE, COUNTY, AND LOCAL GOVERNMENTS</title><id>http://www.sanbrunobeacon.com/cal/2009/11/20/opinion-government-employee-unions-are-destroying-the-econom.html</id><link rel="alternate" type="text/html" href="http://www.sanbrunobeacon.com/cal/2009/11/20/opinion-government-employee-unions-are-destroying-the-econom.html"/><author><name>bb</name></author><published>2009-11-20T20:30:00Z</published><updated>2009-11-20T20:30:00Z</updated><summary type="html" xml:lang="en-US"><![CDATA[Union members who lose their jobs as a result of union leaders pricing their labor out of the job market have been misled, used, and abused by their unions. These formerly employed dues paying union members have, in effect, paid their union to lose their job for them.]]></summary></entry><entry><title>OPINION: LATEST CALPERS SCANDAL FURTHER EXPOSES THIS POISONOUS ORGANIZATION THAT IS KILLING STATE SERVICES AND DRAGGING CALIFORNIA DOWN INTO BANKRUPTCY</title><id>http://www.sanbrunobeacon.com/cal/2009/10/18/opinion-latest-calpers-scandal-further-exposes-this-poisonou.html</id><link rel="alternate" type="text/html" href="http://www.sanbrunobeacon.com/cal/2009/10/18/opinion-latest-calpers-scandal-further-exposes-this-poisonou.html"/><author><name>bb</name></author><published>2009-10-18T22:31:00Z</published><updated>2009-10-18T22:31:00Z</updated><summary type="html" xml:lang="en-US"><![CDATA[Calpers is a disgrace. As I mentioned in an earlier Beacon article titled, CALIFORNIA'S COLLAPSE. 5 THINGS CALIFORNIA MUST DO TO SURVIVE:

"To survive the current economic crisis and become competitive again, California's State Government needs to make some heroic changes. These changes include, but are not limited to:]]></summary></entry><entry><title>CALIFORNIA'S COLLAPSE. 5 THINGS CALIFORNIA MUST DO TO SURVIVE.</title><id>http://www.sanbrunobeacon.com/cal/2009/10/15/californias-collapse-5-things-california-must-do-to-survive.html</id><link rel="alternate" type="text/html" href="http://www.sanbrunobeacon.com/cal/2009/10/15/californias-collapse-5-things-california-must-do-to-survive.html"/><author><name>bb</name></author><published>2009-10-16T06:49:00Z</published><updated>2009-10-16T06:49:00Z</updated><summary type="html" xml:lang="en-US"><![CDATA[As is often the case, the best perspective about a situation is provided by an outsider who can view things from afar and see the forest without having to look through the proverbial trees.

Paul Harris, a U.S. Correspondent for The Guardian, wrote a poignant article about California's collapse titled: Will California become America's first failed state?]]></summary></entry><entry><title>CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM (CalPERS) REPORTS HUGE LOSSES FOR FISCAL YEAR ENDING JUNE 30, 2009</title><id>http://www.sanbrunobeacon.com/cal/2009/7/28/california-public-employees-retirement-system-calpers-report.html</id><link rel="alternate" type="text/html" href="http://www.sanbrunobeacon.com/cal/2009/7/28/california-public-employees-retirement-system-calpers-report.html"/><author><name>bb</name></author><published>2009-07-28T11:14:00Z</published><updated>2009-07-28T11:14:00Z</updated><summary type="html" xml:lang="en-US"><![CDATA[This story definitely falls into the why am I not surprised category. In a July 22, 2009 SF Chronicle story titled, State's giant pension funds post big losses, it was reported that CalPERS lost "$56.2 billion in the 12 months that ended June 30, ending the fiscal year with $180.9 billion in assets". It was also reported that the The California State Teachers' Retirement System (CalSTRS) lost $43.4 billion in the 12 months that ended June 30, ending the fiscal year with $118.8 billion in assets.]]></summary></entry><entry><title>JUST LIKE THE MYTHICAL OUROBOROS, CALIFORNIA IS CONSUMING ITSELF.</title><id>http://www.sanbrunobeacon.com/cal/2009/7/22/just-like-the-mythical-ouroboros-california-is-consuming-its.html</id><link rel="alternate" type="text/html" href="http://www.sanbrunobeacon.com/cal/2009/7/22/just-like-the-mythical-ouroboros-california-is-consuming-its.html"/><author><name>bb</name></author><published>2009-07-22T13:01:00Z</published><updated>2009-07-22T13:01:00Z</updated><summary type="html" xml:lang="en-US"><![CDATA[As usual, the news about California's financial situation is dismal. Forget dismal; it's grim.

Just like the mythical Ouroboros, California is consuming itself. It is hard to say how California will be changed during and after this cycle of self absorption.]]></summary></entry><entry><title>THE ENEMY WITHIN. CALIFORNIA PUBLIC EMPLOYEE UNION PENSIONS DEVOURING TAX DOLLARS &amp; MOVING US TOWARD BANKRUPTCY.</title><id>http://www.sanbrunobeacon.com/cal/2009/7/20/the-enemy-within-california-public-employee-union-pensions-d.html</id><link rel="alternate" type="text/html" href="http://www.sanbrunobeacon.com/cal/2009/7/20/the-enemy-within-california-public-employee-union-pensions-d.html"/><author><name>bb</name></author><published>2009-07-21T02:23:00Z</published><updated>2009-07-21T02:23:00Z</updated><summary type="html" xml:lang="en-US"><![CDATA[The greatest threat to the State of California and it's citizens may not be a terrorist sponsored nuclear, chemical, or biological attack. The greatest threat to the State of California and it's citizens may not be an earthquake, swine flu, or Al Gore's apocalyptic Global Warming scenario. The greatest threat to the State of California and it's citizens may be the death, injury, deprivation, and destruction resulting from the decay and dismantling of California's public educational, safety, health, and physical infrastructure as money is diverted from these critical life support systems to pay for the outrageous, taxpayer supported California public employee union pensions.]]></summary></entry><entry><title>SELL, DON'T BUY CALIFORNIA GENERAL OBLIGATION (GO) BONDS. CALIFORNIA'S BOND RATING MAY BE HEADED FOR THE JUNK BIN.</title><id>http://www.sanbrunobeacon.com/cal/2009/7/17/sell-dont-buy-california-general-obligation-go-bonds-califor.html</id><link rel="alternate" type="text/html" href="http://www.sanbrunobeacon.com/cal/2009/7/17/sell-dont-buy-california-general-obligation-go-bonds-califor.html"/><author><name>bb</name></author><published>2009-07-17T15:24:00Z</published><updated>2009-07-17T15:24:00Z</updated><summary type="html" xml:lang="en-US"><![CDATA[One of my favorite quotes is, "I'm not as concerned about the return on my money as I am the return of my money". This cautionary quote is especially applicable when it comes to investors buying or remaining invested in California's borderline junk debt General Obligation (GO) Bonds.]]></summary></entry></feed>
