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Chriss W. Street

Chriss W. Street

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CalPERS Dumps Hedge Funds: High Fees & Lousy Returns

CalPERS Dumps Hedge Funds: High Fees & Lousy Returns

California Public Employees’ Retirement System, known as CalPERS, announced recently that it is terminating all of its investments in hedge funds after the conviction of their former CEO, Federico R. Buenrostro Jr., for hundreds of millions in fraud involving the funds.  Hedge fund management has,

Steve Jobs Banned his Children from Using an iPad

Steve Jobs Banned his Children from Using an iPad

Although Steve Jobs is credited as the best technology innovator in the history of Silicon Valley, he was actually an art major in college. Jobs credited his creative talents as the secret sauce in building Apple Computer as the most

Silicon Valley Getting Attitude Adjustment over Privacy Concerns

Silicon Valley Getting Attitude Adjustment over Privacy Concerns

The Silicon Valley tech giants that have been engaging in widespread internet surveillance of their customers’ shopping preferences, general attitudes, and deepest life-style secrets have failed to appreciate the mounting global concern over their record on online privacy and security. Yet

EPA Doubles Number of Coal Plant Closings

EPA Doubles Number of Coal Plant Closings

In the run-up to the “People’s Climate March” scheduled for September 21, the non-partisan U.S, General Accountability Office (GAO) just doubled its estimate for coal plants expected to retired to comply with the Obama Administration’s new Environmental Protection Agency (EPA)

Tesla in Nevada? A Win for California, Says Brown

Tesla in Nevada? A Win for California, Says Brown

The day after Nevada lawmakers approved a package of tax incentives worth $1,538,000 per job to persuade California based Tesla Motors Inc. to build its Gigafactory battery plant in the state, California Governor Jerry Brown, who is rumored to be

Hollywood Studios Hit With Multi-Billion Dollar Class-Action Labor Suit

Hollywood Studios Hit With Multi-Billion Dollar Class-Action Labor Suit

The Walt Disney Co., DreamWorks Animation, Digital Domain, Pixar, Lucasfilm and Sony Pictures are among the defendants in a new multi-billion dollar class-action suit contending that Hollywood studios and their vendors conspired to suppress tech workers’ wages through secret “non-poaching” agreements.   The suit follows

With iPhone 6 Discounting, 'Apple Pay' Better be a Blockbuster

With iPhone 6 Discounting, 'Apple Pay' Better be a Blockbuster

The highly respected Pacific Crest Securities downgraded Apple stock on September 10th, citing stagnant iPhone growth, “lack of compelling features” on the new Apple Watch, and not enough investment “potential for upside (earnings) estimates.”  As I wrote on September 9th, with

Hispanic Millennials Key to 28% of California Vote

Hispanic Millennials Key to 28% of California Vote

Latinos represent the fastest growing segment of California’s population and its electorate. In August, Univision released a survey, “Winning with Hispanics in the Midterms: The Why, The How and the What” that showed Latinos comprise 28% of the Golden State’s eligible voters

IPO Market Partying Like It's 1999 All Over Again

IPO Market Partying Like It's 1999 All Over Again

With Chinese Internet behemoth Alibaba being preliminarily valued at $165 billion as it prepares for its initial public offering (IPO), it seems that investors are playing the same type of dangerous game they played in 1999.   At the time, “I

Tesla's Bait and Switch to Nevada for Gigafactory

Tesla's Bait and Switch to Nevada for Gigafactory

After all the hokey-pokey about how committed Tesla is to California, the company chose Sparks, Nevada to manufacture batteries at its new 26 acre “Gigafactory” where it is already laying a foundation, according to a CNBC report citing the Nevada Governor’s

iCloud Hack Threatens Launch of iPhone 6 and Apple Wallet

iCloud Hack Threatens Launch of iPhone 6 and Apple Wallet

Apple Inc. was mildly embarrassed on September 2nd that private celebrity nude photographs and videos, including those with Jennifer Lawrance and Kate Upton, were allegedly hacked from iCloud accounts and then went viral after being posted online. But Apple, Inc. stock

California Proposition 1 Water Bond is Bait & Switch

California Proposition 1 Water Bond is Bait & Switch

The $7.5 billion California Proposition 1 Water Bond (Assembly Bill 1471, “Water Quality, Supply, and Infrastructure Improvement Act of 2014”) on the November ballot promises to provide more above ground water storage for the first time in 40 years in