Kalperi bounced from Trump’s rates when the markets rose

When governor Gavin Newo stated his revised state budget proposal last week, he stressed how President Donald Trump and the administration made him even more difficult to economic future of California. To see that chaotic uncertainty in action, all that needs to be considered is the daily return on investment published by the California System for retirement of civil servants.

As of Friday morning, the largest public pension fund in the country, Calpers, has a total market value of $ 539 billion. But in the days after Liberation Day, when Trump first imposed his tariffs on April 2, Kalper’s losses were spinning about $ 25 billion. In the first two days Kalperrs lost $ 15 billion while the stock exchange had A 6.6 trillion dollars deleteS

The retreat of the Pension Fund of $ 508 billion low on April 7 can be attributed to Trump, relieving its worst tariffs and making a deal with China on Pause the highest rates in 90 daysS

But the horizon is more variability: At a boarding meeting in AprilCalpers CEO, Marcy Frost, said the agency holds “its eyes on the way forward as we focus on all the twists and turns of the current time.”

• Frost: “Global economies are expanding or negotiating for various reasons. But we must prepare for the possibility of current events here in the United States have a serious impact on our return on investment as of June 30 and during the fiscal year, which begins afterwards.”

Meanwhile, Newsom identified Trump’s tariff presentation as “remarkably inconsistent” and include California $ 12 billion budget holeThe governor offers conflicting changes in funding that they draw from defenders and stakeholders:

• Health care: NEWSOM wants to use $ 1.6 billion from Proposal 35 -What voters approved in November to increase the pay of doctors who treat patients with Medi-Cal- to the deficitS He also wants to move $ 500 million initially to support family planning and women’s health care in the State General Fund. Both suggestions receive discounts from doctors, hospitals and clinics who claim to be wrong to redirect voters of money earmarked for specific health costs. Read more by Calmatters’ ChristenS

• Climatic projects: In addition to the enlargement of California Program for Restriction and Trade until 2045NEWSOM wants to make more than half of the money it generates this year, or approximately $ 4.8 billion, for fire operations and a high -speed rail project. The restriction and trading program has provided billions of dollars for projects aimed at combating climate change. Critics of Newsom’s proposal say that moving money would mean restricting resources to other efforts of the country’s environmental efforts, such as reducing emissions from gas cars. Read more by Calmatters’ Alejandro LazoS

On Saturday the non -partys The legislative analyzer service has released its review from the updated plan of the governor’s state budget. Although he designs a deficit of $ 14 billion, the analyst’s service considers the news reductions of Newsom as “cost reductions”.

Two months ago, the Trump Administration said it would refuse federal funding in school districts which Encourage diversity, justice and inclusion through clubs, activities and graduation ceremonies. Although the judge has temporarily blocked this order and California has filed a separate lawsuit to suspend the order, a state legislator wants to facilitate Students to wear tribal or other cultural regalia of graduationS

Calm Carolyn Jones Explains a bill of the Assembly Democratic Member James Ramos of San Bernardino would eliminate Student approval process They want to wear cultural regals – Indians or otherwise – in graduation. Local students, families and tribes say that schools require a notice too far in advance because students often receive their regals on the day of graduation, sometimes as a gift from grandparents or tribal elder. This can be stressful for students on the day of graduation, as they are not sure if they will be allowed to wear the regal.

Jenny Rosha, who last year graduated from Clovis North high school, said she was nervous to arrive at her graduation as she wore a command, stolen that the school had initially refused.

• Rosha: “I wanted to wear it because I feel that all I have is because of a command. I couldn’t go to college without their support.”

But schools claim that they need a preliminary approval process for all students to ensure that the regalias are respectful and appropriate.

Read more hereS

So Given just a few seconds to talk or silence completelyWrite Calletatters’ Ryan Sabalow and Hans DischmanS

In the last two months, there have been at least a dozen examples of commissions leaders who cut speakers in the middle of their remarks, or forbid them from talking at all because of time limitations. Legislators say that sometimes it is necessary to ensure that the hearing is not dragged at night, while ensuring that other public members, as well as lobbyists and defenders, also receive their word.

But for the Californians, who have to drive hours from distant parts of the state, it can be disappointing and discouraging for their perspectives to be hasty through the legislative process. In April, Elizabeth Washoe took a day off to drive five hours from Modok County to the State Capitol to speak in support of a bear hunting bill. It was given Just a few seconds to talkS

• Washoe: “I would like to have more time to say something. This is not a fair representation for rural areas.”

Read more hereS