FEATURE
Farmers, Frackers and Scarce Water
August 10, 2012 | Pew State/Stateline
In much of the West, water supplies have long been dwindling due to population expansion and climate change. This year’s drought, coupled with an uptick in drilling, is what Jason Bane, of the nonprofit Western Resource Advocates, calls a perfect storm. “[Drought] is changing the way people are looking at things,” says Bane, whose group is advocating for more study of fracking’s effect on available water.
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Pension Giant CalPERS Appears Ready To Abandon Most VCs
August 9, 2012 | peHUB
The nation’s largest public pension fund, CalPERS, appears likely to slash its investments in venture capital in what could be a blow to this still recovering asset class. Venture capital has wallowed through nearly a decade of difficult returns and sluggish fundraising. The decision by the California Public Employees’ Retirement System to largely abandon new commitments to venture funds will likely prolong the agony.
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