California Journal

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Economic Growth — Fri, 22 Jun 2007 13:21:00 -0400

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Building Assets: What Should California Do Now?

Articles — Sun, 02 Jan 2005 00:00:00 -0500

Even in this era of dwindling public resources, California can take significant steps to encourage its residents to save and invest in themselves. The following are a sampling of cost-effective, asset-building policies. Most are from other states, which are ahead of California in this emerging policy area. These recommendations would bolster the economic security of the state and its 35 million residents.

Create a system of voluntary retirement accounts for businesses and individuals. Only 39 percent of California workers participate in an employment-sponsored retirement plan. Social Security payments alone -- which average $901 per month in California -- will not sustain… more

The Crumbling California Dream

Articles — Sat, 01 Jan 2005 08:00:00 -0500

California is a Garden of Eden, a paradise to live in or see;

But believe it or not, you won't find is so hot

If you ain't got the do re mi

--Woody Guthrie (1937)

Almost 70 years ago, the American troubadour Woody Guthrie figured out the paradox of the California Dream. The state has long been a victim of its own success. Attracting those in search of a better life, California doesn't always deliver the goods. But despite their initial struggles, the Dust Bowl migrants and their kin subsequently provided the workforce that propelled an impressive economic expansion.

Today the state is experiencing… more

Building Assets: Creating a Culture of Savers and Investors

Articles — Sat, 01 Jan 2005 08:00:00 -0500

California's leaders need to cut a new deal with struggling families: If you're willing to work and save, we'll help you own a private investment account, accumulate wealth and control your own economic future. And to California's kids, leaders should say: We'll get you started on a path of saving and investment from the day you are born, make sure your school teaches you how this economy works, but it's up to you to make smart investments in your future when you turn 18.

Is that a deal worth making? If so, what holds the deal together is a new… more

The Real State of the State

Articles — Sat, 01 Jan 2005 07:00:00 -0500

California's Great Disconnect: The Governed and the Government David Lesher, California Program Director

Slice 'N Dice: Smaller Legislative Districts Will Yield More Lawmakers, More Accountability and Better Decision Making Heather Barbour, Fellow

Dear {Insert Name}: VOTE FOR ME! Farai Chideya, Fellow Democracy at a Crossroads Steven Hill, Irvine Senior Fellow

The Crumbling Califonia Dream: Erecting Structural Changes to Solve… more

Slice 'N Dice: Smaller legislative districts will yield more lawmakers, more accountability and better decision making.