I believe it should be clarified that while there may only be a dozen Warriors basketball games scheduled simultaneously with Giants baseball games each year, the arena will be used year-round for concerts and other entertainment purposes (“Warriors site might double-team traffic,” Monday).
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The California State Teachers’ Retirement System is the largest teachers’ retirement fund in the United States, and at the end of last year it had more than 850,000 members and $148 billion in assets.
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The nation’s two largest pension funds, the California Public Employees’ Retirement System and the California State Teachers’ Retirement System, have been plagued by myriad fiscal problems, and even a corruption scandal in the case of CalPERS, and yet these systems continue to lecture the private sector on ethical corporate governance. The latest hypocrisy, released last week, is a project funded by the two systems to promote “diversity” in board rooms.
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Maybe there really is a pot of gold at the end of the rainbow, at least if you are one of the nearly 10,000 retired California public sector employees pulling down tax-paid pensions of $100,000 or more.
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