Sacramento Statehouse Reporter for Bloomberg News. Dad. Fly Fisherman. Photographer. Air Force Veteran. Red Sox Fan.

California Bullet Train Funding at Risk — (Bloomberg) -- The agency tasked with building a bullet train system in California is seeking to boost land purchases as it struggles to keep up with the schedule to acquire property while it ramps up construction. The California High-Speed Rail Authority spent $32 million by Jan.

California’s Brown Plans to Unveil Emergency Drought Legislation — (Bloomberg) -- California Governor Jerry Brown plans to detail new legislation to help manage a worsening drought gripping the most populous U.S. state for a fourth year. Brown has scheduled a news conference with legislative leaders for 10:30 a.m. Thursday in Sacramento, according to a statement from his office.

Calpers Chief Sees Lower Returns as Bull Market in Stocks Ebbs — (Bloomberg) -- The California Public Employees' Retirement System should expect an extended period of lower investment returns as the Federal Reserve pulls back its economic stimulus and raises interest rates, the fund's chief investment officer said. A six-year bull market that allowed the fund to earn an average annual 12 percent in the three years ended Dec.

Calpers Projects 8% Decline in Fees to Wall Street Next Year — (Bloomberg) -- The California Public Employees' Retirement System expects to pay 8 percent less next year for external money managers as it liquidates its hedge-fund program. The largest U.S.

California’s Brown Urges Caution as Record Revenue Swells Budget — (Bloomberg) -- California Governor Jerry Brown is faced with a dilemma other leaders would love to have as he releases his budget today: what to do with record tax revenue expected to leave the most populous U.S. state with a growing surplus.

University of California Sells Into Falling Market: Muni Credit — (Bloomberg) -- The biggest risk to the University of California's sale of $2.8 billion of bonds this week, the most it's offered at once, isn't a battle over tuition increases and taxpayer subsidies. It's the stumbling municipal market.

Chevron, Linn Ordered to Shut California Wells on Water Concerns — (Bloomberg) -- California regulators ordered oil drillers including Chevron Corp. and Linn Energy LLC to halt operations at 12 injection wells in the state because of concerns they may taint groundwater. The Division of Oil, Gas, and Geothermal Resources said 10 of the well operators shut down voluntarily, while two were issued cease-and-desist orders.

California’s Shrinking Bond Costs Dissuade Buyers: Muni Credit — (Bloomberg) -- California's standing on Wall Street is the strongest since the recession, with revenue surging and cash tucked away for a rainy day. For some investors, the fiscal gains have only diminished the appeal of its debt. Since Governor Jerry Brown took office in 2011, California has swung to a $5 billion budget surplus from a $25 billion shortfall.

Deadly Train Crossings in U.S. Seen as Too Costly to Replace — (Bloomberg) -- The bullet train that will whisk passengers between San Francisco and Los Angeles at 200 miles per hour won't pass through the kinds of intersections that have led to two major commuter-rail accidents this month.

California Wants an Embassy in Washington — A California lawmaker has proposed a bill that would allow the most populous U.S. state to establish an embassy in Washington. The bill, introduced by Assembly Speaker pro Tem Nora Campos, a Democrat from San Jose, would allow California to partner with private nonprofit groups to establish and maintain an embassy within a one-mile radius of the U.S.
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Mar 28, 2015

RT @DaviSusan: Pilot on my @Delta flight announces he and co-pilot are ex-military and "we both have wives and kids and are very happy."

Mar 27, 2015

.@SenAndyVidak in letter to JLAC, says if @CaHSRA is going require people to surrender property & damage livelihood, should offer fair price

Mar 27, 2015

Citing so called "flash appraisals" by @CaHSRA for land buys, @SenAndyVidak calls on JLAC to seek audit of appraisal tactics. #highspeedrail

Mar 27, 2015

RT @FKlopott: Like Carnegie before them, Zuckerberg and crowd are bestowing names on hospitals by @alisonvekshin

Mar 26, 2015

RT @News_Kat: Well-deserved applause for journalism trailblazer @susanbgoldberg getting award at #EWIP2015. An inspiring career from @mercnews to @NatGeo

Mar 26, 2015

RT @CalPERS: CalPERS calls on BP shareholders to support proposal #25 calling on BP to report #ClimateChange risks & opportunities http://t…

Mar 26, 2015

RT @CalPERS: .@WilshireConsult study of 131 #pension plans found funding ratios “80% in 2014, up from 74% in 2013.” Full report:

Mar 25, 2015

Municipal bond defaults by charter schools rose to an all time high last year of 5% of all the debt they issued. #charterschool #muniland

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