CA Treasurer Identifies State's Smart Investments

With approximately $300 billion dollars of state pension funds under hiswatch, State Treasurer Phil Angelides has a significant responsibility forthe financial future of the state. Yet, beyond his charge to manage thesefunds, Angelides has seized the opportunity to use the investment pool toinvest in California?s urban communities, simultaneously earning returns andsparking development. In addition, low interest rates and aginginfrastructure have created a demand for substanitally increasing thestate?s bonded indebtedness. MIR is pleased to present this interview withthe Treasurer as the State both grapples with systemic budget deficits andvoters with a Nov. ballot which will include three bond measures worth 19billion dollars. His responses are candid, articulate and balanced; a goodindicator of his abilities.**link to www.ablinc.net/mir

Thanks to Larry Segal