Primary night in California yielded damning results for San Francisco’s now-recalled district attorney and the question of whether a law-and-order “earthquake” is afoot in the Golden State. Hoover Institution senior fellow Lee Ohanian and distinguished policy fellow Bill Whalen, both contributors to Hoover’s “California on Your Mind” web channel, join Hoover senior writer Jonathan Movroydis to discuss their latest columns on emerging themes from Tuesday’s vote, plus what California may provide in the way of reparations for descendants of slavery.
One seemingly innocent ballot initiative which would change California’s recall process—if voters approve it, hasta la vista, future governators!—fits into a pattern of repeat efforts to guarantee that the Golden State remains under one-party, one-mentality dominance.
October 8, 2026
Pension funds are long-horizon investors with predictable liability structures. As such, they are often perceived as investors who can provide liquidity and stabilize markets. However, pension funds increasingly face negative operating cash flows as benefit payments exceed contributions.
September 18, 2026
Long-maturity Treasury issuance reduces government rollover risk but depends on investors with structural demand for duration. We examine whether U.S. public pension funds, a $7 trillion sector, provide such demand, as is often presumed given their liabilities.
September 23, 2026
