"Gov. Pete Wilson tried to wrest key powers from the CalPERS board. A labor-led counterattack left the board more independent than ever."
John Myers in the Los Angeles Times explains the roots of recent California pension politics.
"If America does not use her vast resources of wealth to end poverty and make it possible for all of God’s children to have the basic necessities of life, she too will go to hell." --Martin Luther King, Jr., 1968