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Another Terrace Morning



The Dirt Floor: JR is taking over Los Angeles.

San Francisco may get a touch of snow tomorrow afternoon.

Now an unincorporated part of Riverside County, a place known as Jurupa may become a city. Their election is also March 8, and vote by mail is already underway.

Bill Lockyer and Stanford University were both being disingenuous when trying to identify a fair return on retirement funds for CalPERS. This is the biggest part of the retirement fund problem: when it comes to markets, nobody can predict the future. When Lockyer says, "Over the past 21 years, CalPERS' portfolio has generated an average annual return of 8.6 percent. In 15 of those years, it beat the 7.75 percent assumed return rate," he is cherry-picking years (note that key stretch, twenty-one) the way a first-year Series 7 at any brokerage would, right off the in-house tip sheet. And so was Stanford, to prove their point that the system is untenable.

Councilman Richard Alarcon was cleared of one ethics charge by the City's Ethics Commission. He still has the DA to worry about on another matter.

City Attorney Carmen Trutanich seemed to relish the thought of banishing at-risk populations to prison or Arizona at the Downtown News's Downtowner's of Distinction Awards Tuesday night. Speaking of "nogoodniks," he said,
“You don’t own the Central City. It ain’t your playground anymore. Your days as the predators of the vulnerable are over.” Award winners were posted last Friday.

Why America's teachers are enraged, speaking directly to the ongoing sustained teacher vilification programs in mainstream media.