Pension funds are underperforming in part because their basic mission has been corrupted by the social and political agendas of the unions and bureaucrats that control them.

Toyota’s move from California to Texas is another clear win for red governance over blue when it comes to jobs.

California’s high taxes and onerous regulations are driving more and more film productions out of the state. Not even Hollywood can stand doing business in California.

Two polls show a California at odds with itself: voters look to be seriously souring on labor unions, but a majority might also be opposed to the state’s most promising effort to reform public pension plans. If the polls are accurate, there may be a certain logic to this: voters in the Golden State acknowledge the strain labor unions are putting on state and local finances, but don’t think union members should be the ones to suffer. Either way, a debate has finally begun in a blue state that desperately needs one.

Like Vallejo before it, the city of Stockton, California is preparing to exit bankruptcy after nearly a year. Unfortunately, Stockton is also following Vallejo’s footsteps by refusing to include pension restructuring as part of the plan, despite the fact that Vallejo is again struggling with its pension burden less than five years after going through bankruptcy.