The Securities and Exchange Commission is preparing to investigate the State of California for alleged failure to disclose information on its enormous public pension fund. The Golden State will be the second ever to have enforcement actions taken against it by the SEC, after New Jersey was charged with securities fraud last year. The SEC is attempting to make the case that California’s public pension funds were a risky investment and that California misled the investors about the risk. If the SEC is able to prove their case, it may have an impact on the financial reporting of other public funds. The New York Times reports:
On Dec. 7 MSNBC.com reported that the government has conceded there’s too much fluoride in the water, and plans to lower recommended levels — the first change in nearly 50 years.
State lawmakers, led by State Legislators For Legal Immigration (SLLI) founder Daryl Metcalfe, met in Washington D.C. Jan. 5 to unveil model legislation regarding the 14th Amendment. Joined by constitutional scholars, they held a press conference on the same day as the swearing-in of the 112th Congress.
The new session of the U.S. House of Representatives read the full text of the U.S. Constitution on the House floor January 6, the first time the full text of the 1787 document had ever been read on the floor, congressional historians told the Associated Press. But the liberal media used the occasion to ridicule the very idea of taking the founding document seriously.
Following the petulant pronouncement from the Obama administration’s chief economics advisor that any suggestion of not raising the debt ceiling was engaging in a “game of chicken,” two other establishment types noisily concurred.