CalPERS is shocked–just shocked–to find cities reeling under the burden of growing pension debt

T■ Steven Greenhut / Contributed he California Public Employees’ Retirement System’s (CalPERS) union defenders feign shock whenever pension reformers accuse it of “kicking the can down the road” in dealing with the state’s mounting pension debt. It’s like the scene from Casablanca, when Captain Louis Renault is absolutely shocked to find gambling going on in…

Social decorum

B■ David Porter / Contributed ig Vince was slouched down in the oversized leather chair looking glum. While the other guys in the cigar shop debated whether Michael Jordan was the greatest basketball player ever, Vince just stared off into space and tended his stick. I sat down next to him, mostly because the only…