Letters: Responsible Strategy | Defective system


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CalPERS continues
responsible investments

D. “CalPERS is playing with your taxpayer’s money again”, page A18, November 28:

Dan Borenstein lets believe that CalPERS has lost its way. Nothing could be further from the truth.

With $ 469 billion in assets, the board of directors of CalPERS is charged with the fiduciary duty to protect the integrity of the fund, to invest wisely and to ensure that funds are available to pay pension benefits. Borenstein asked CalPERS to further reduce the discount rate, or the fund’s assumed rate of return on its investments. A lower discount rate reduces risk but forces employers (taxpayers) and employees to contribute more to the fund unnecessarily.

The history of CalPERS shows that the pension fund prudently lowered the discount rate. In 2004, the rate was 8.25%. In 2016, it was reduced to 7%. The fund posted a 21.3% yield on investments for fiscal year 2020-21. This good performance triggered a decrease in the discount rate to 6.8%.

In 2016, the Council adopted a policy aimed at automatically implementing a more cautious investment strategy during the good times. Difficult to argue with that.

Mullisa willette
San jose

Arbery’s verdict cannot
hide system faults

The three defendants were convicted of murder in the death of Ahmaud Arbery (“Jury finds 3 men guilty of Arbery murder», Page A1, November 25).

After the incredibly unfortunate, but not surprisingly, outcome of the Rittenhouse trial, we have been given a certain sense of justice. An innocent man has lost his life at the hands of once again, white vigilantes. We have seen time and time again how self defense in America is promoted in our justice system. It was insane to see the amount of support the Rittenhouse verdict received via social media.

The system is still broken and has obvious racial disparities and prejudices. Just because justice is sometimes done does not mean that there are no major flaws in our system.

Gurjyot Mahal
San jose

Amounts of the attorney of Arbery
rittenhouse case

D : “Jury finds 3 men guilty of Arbery murder», Page A1, November 25:

The lead prosecutor said in her closing remarks what I struggled to find the words for: “You cannot start and claim self-defense”. It is a travesty that the jury in the Rittenhouse trial could not see this simple truth.

Rittenhouse took an AR-15 to a demonstration, got scared and started shooting people. He brought the violence with him and then blamed other people. It’s a shame that the jury bought it.

Becky sangster
mountain view

Display of sentences
system disparity

It is no wonder that so many people are disappointed with our so-called “justice system” in the United States. Lee Price III embezzled $ 1.6 million from the Paycheck Protection Plan to Live the Rich and Celebrity Lifestyle and was sentenced to nine years in prison. buy Lamborghini ”, page A3, December 1. Meanwhile, El Chapo’s wife Emma Coronel Aispuro has been sentenced to three years in prison for helping her husband run one of the biggest cartels in the world. drug story (“El Chapo’s wife to serve 3 years”, page A3, dec. 1).

What we have established now with our current upside down and biased sentencing system is a treadmill that produces those who will see the opportunity to commit more violent, immoral, sophisticated and sophisticated crimes without fear of just punishment. if they are taken.

It is high time to establish revised guidelines on judicial sentences that will deliver true justice commensurate with the crime committed and its impact on society.

beverly lynn
San jose

Drifting house prices
bad for the future of the region

The Millbrae house presented in your article “Home steep home: $ 15,000 to $ 2 million in 2 generations” (page A1, November 18) went from $ 15,000 in 1956 to $ 2 million when it was sold there. a few months ago.

Likewise, my neighbor’s modest one-story house was also purchased in 1956 for $ 13,500 and sold last month for $ 3.2 million. The ramifications of this nonsense portend dire consequences for South Bay. With rents also reaching breathtaking levels, we have a permanent underclass of workers who can only afford to live here if they share accommodation or live with their parents. Many are moving away, and with good reason. No wonder the “Now Hiring” signs have sprouted up like daisies.

This does not bode well for our economic future. The “working class” is fleeing and the quality of life for those of us who remain is bound to decline. When the bubble bursts, it will be a loud pop.

Kirch DeMartini
Saratoga


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