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Treasurer calls on CalPERS, CalSTRS to adopt diversity standards for corporate boards

California Treasurer John Chiang is calling on CalPERS and CalSTRS to put pressure on corporate boards of the companies they invest in to meet a diversity standard of 30% women and 30% diverse representation in terms of sexual orientation and cultural and ethnic composition.Mr. Chiang, in a letter Tuesday to Henry Jones, investment committee chairman of Sacramento-based CalPERS, and Harry Keiley, investment committee chairman of West Sacramento-based CalSTRS, called on the committees to approve the "30 and 30" goal in the spring of 2018 with the aim that companies would implement the practices by the 2019 proxy season.The letter...

California treasurer lashes out at GOP tax plan in San Diego speech

SD TribuneMuch of the funding used to house San Diego’s poorest residents could be eliminated under a proposed federal tax plan, which could create more homelessness and make housing woes worse, state treasurer and gubernatorial candidate John Chiang said Thursday in San Diego.As part of the Republican tax bill introduced last week, two programs used since 2013 to fund more than 50 San Diego County subsidized projects would be effectively eliminated, he said.“It’s time to hold representatives – mostly Republicans – feet to the fire and ask them, “’Where is your loyalty?’” he said Thursday morning at the Wyndham...

Pot tax money should ride in armored cars, California treasurer says

Sf ChronicleState Treasurer John Chiang proposed a stopgap Tuesday for a weighty issue cash-based cannabis businesses face: He recommended the use of armored cars to collect what might amount to $1 billion in annual taxes when recreational cannabis becomes legal for sale Jan. 1.Chiang announced the proposal for transporting cash securely as part of the findings of a year-long study on cannabis banking.Access to financial services has been a nettlesome problem for medical dispensaries in California and in other states like Colorado where recreational cannabis has been legalized. Because the drug remains federally illegal, most banks won’t...

Gubernatorial Candidates Newsom & Chiang Throw Down Gauntlet on Housing Policy

The Bay City BeaconCalifornia State Treasurer and 2018 gubernatorial candidate John Chiang came to UC Berkeley on Monday evening to speak on his vision for California’s future.Newsom and Chiang vie for the position of most ambitious candidate for solving the state’s ongoing housing crisis. So how do they stack up?With the last-minute passage of several ambitious housing bills in the state legislature, the race for California Governor has been dominated by one major issue: housing. As ballooning housing costs even in inland rural areas have plunged the state into the worst poverty rates in the country (when...