Morgenstern on California's Pension Benefits
Dec. 17 (Bloomberg) –- Marty Morgenstern, secretary of the California Labor & Workforce Development Agency, talks with Bloomberg’s Alison Vekshin about the pay and retirement packages of California Highway Patrol officers. According to data compiled by Bloomberg, California has the highest-paid state troopers in the U.S. More than 5,000 troopers made over $100,000 in 2011. (Source: Bloomberg)
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How Big of a Problem Are China's Non-Performing Loans?
19:01 - Jonathan Cornish, head of north Asia bank ratings at Fitch Ratings, discusses China's latest debt for equity swap, China's non-performing loans and the outlook for the credit market. He speaks to Bloomberg's Haidi Lun on "Bloomberg Markets." (Source: Bloomberg)