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California

Time: How California Is Pioneering a New Retirement Savings Plan

How California Is Pioneering a New Retirement Savings Plan"With the launch of California Secure Choice, the movement is approaching critical mass. "California is a game-changer," says Georgetown Center executive director Angela Antonelli, who expects the program will bring national attention to the retirement coverage gap." View Story

New York Times: California Suspends Ties With Wells Fargo

New York Times"Citing Wells Fargo’s “venal abuse of its customers,” the California treasurer took the unusual step on Wednesday of suspending many of its ties with the San Francisco bank as it continues to reel from the scandal over the creation of as many as two million unauthorized bank and credit card accounts""The state treasurer, John Chiang, said he was suspending Wells Fargo’s “most highly profitable business relationships” with the state for at least a year, including the lucrative business of underwriting certain California municipal bonds." ...

Los Angeles Times: A vast, mostly untapped donor base could propel John Chiang to become California’s first Asian American governor

Los Angeles TimesA vast, mostly untapped donor base could propel John Chiang to become California’s first Asian American governor."John Chiang’s campaign is kind of a watershed moment."Asian Americans are the fastest-growing ethnic group in the country, according to the last U.S. census in 2010, and currently account for an estimated 14% of California’s population. View Story

The New Yorker: Resisting Trump from Inside the Government

The New Yorker"Chiang became, to some, an unlikely hero. The Sacramento Bee, adapting the iconic image of a protester at Tiananmen Square, published a cartoon that depicted Chiang as a lone resister before a line of Hummers, with “Arnold” stencilled on the bumper of the lead vehicle. The Liberal O.C., a progressive blog, nicknamed him “the Controllernator.” Chiang’s resistance became a case study in how a bureaucracy ‘stymies the requests of an executive who offends its professionalism and sense of mission." View Story