As Mark Twain wrote, “History doesn’t repeat itself, but it often rhymes.” Lately, I’ve been hearing a recurring rhythm—and getting the blues—as the legislature is about to repeat a grievous mistake. The issue involves public-employee pensions, as the legislature has advanced two bills that would exacerbate the state’s pension problems in much the way it did 27 years ago. First the requisite history lesson. In 1999, the Legislature passed Senate Bill 400. The stock market was booming, and the nation’s largest pension fund, the California Public Employees’ Retirement System, was awash in cash. “Investment earnings had averaged 13.5 percent for…

San Francisco, U.S.A., March 17, 2026 — AI and blockchain infrastructure company Gency AI today announced it has raised $20 million in a new funding round. The round saw participation from several institutions, including Y&ZC Capital, MTmetaworld Holdings, Riverpark, ArkStream, MH Ventures, ViaBTC and Basics Capital.The fresh capital is earmarked for scaling Gency AI’s decentralized advertising execution and settlement network, hardening its privacy-preserving computing stack, and accelerating product deployment and ecosystem partnerships across North America, Asia, and Europe.Building verifiable infrastructure for the advertising economyThe global digital advertising market continues to grow rapidly, but many execution and settlement processes still rely…

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