A spate of far-fetched legislative proposals has sparked a serious discussion about reforming Californiaâs initiative process, which lets any registered voter with $200 and the time of day to propose a ballot measure.
Read More 14Tim Draper
Mayor Reed Takes Meeting on Splitting California into Six States
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San Jose Mayor Chuck Reed eats, sleeps and positively spits pension reform. He slammed through PR in San Jose with the help of voters in 2012, and while Measure B hasnât accomplished everything he wanted, Reedâs doubled down with a proposed statewide measure (also being challenged in court). Getting the money to put a PR initiative on the state ballot takes beaucoup bucks, which is part of the reason Reedâs been speaking at conferences across the country the last year while rallying support from hedge-fund billionaires like Paul Singer and venture capitalist Michael Moritz. But the topic of one meeting the mayor took last month would dramatically alter his state pension plan.
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