California's $9.2 billion budget deficit could grow, due to a proposed change to the investment forecast of CalPERS, California’s pension fund. The rate has not been changed since 2003. In 2010, CalPERS return on investment was over 20%, but it was 1.1% in 2011. If CalPERS decides to adjust its investment forecast from 7.75% to 7.25%, the cost of CalPERS could jump up by $425 million come July 1…
"I've figured out that there are more of them when it's a payday," photographer Alejandro Cartagena writes to me from Monterrey, Mexico, where he is based.
More carpoolers, that is — the subject of his latest project, which started somewhat accidentally. Cartagena was commissioned by a group of researchers about usage of a Monterrey street. "I wanted to see the car in the context of the street and the urbanscape," he explains. "That took me to find higher points of view, where I found these workers."
Originally published on Tue March 13, 2012 8:07 am
By Mark Memmott
Our friend Liz Halloran reports that Mitt Romney "might just win in the South" today as Republicans go to the polls in Alabama and Mississippi to pick between the four remaining candidates for the GOP presidential nomination.
Lucy Worsley works as the chief curator in several palatial buildings in London, including Kensington Palace, Hampton Court Palace and the Tower of London. In contrast, she lives in what she calls a "normal, boring modern flat."
"Strange things are happenin' to me" a bewitched Mitt Romney said recently to a crowd of Mississippi supporters. The former Massachusetts governor is right: Strange things do happen to folks, especially national political candidates, when they talk to us Southerners. They start drawling and twanging, trying to sound like us. Sometimes, they're mocking us; sometimes they're just trying to be friendly. We know the difference.