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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
Verified account
@kimmaicutler

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Kim-Mai CutlerVerified account

@kimmaicutler

Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.

San Francisco
medium.com/initialized-ca…
Joined April 2008

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    Kim-Mai Cutler‏Verified account @kimmaicutler 4 Jun 2018
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    Kim-Mai Cutler Retweeted Jessica Calefati

    We used to spend 8 cents of every K-12 payroll dollar on benefits for former employees who no longer work for CA school districts. But now we spend 19 cents of each dollar bc of lower-than-expected pension returns. Hence LAUSD is considering expanding class size to 50-to-1.https://twitter.com/calefati/status/1003666069964242944 …

    Kim-Mai Cutler added,

    Jessica CalefatiVerified account @Calefati
    Los Angeles Unified is the nation’s 2nd largest school district. Is it too big to fail? Despite a comfy surplus, district is facing an almost half BILLION dollar deficit in two years. How did we get here? What does it mean for kids? My analysis @latimes http://www.latimes.com/local/lanow/la-me-edu-los-angeles-unified-budget-woes-20180604-story.html …
    Show this thread
    11:07 AM - 4 Jun 2018
    • 39 Retweets
    • 109 Likes
    • hbd chick - #FFCE Tequehead Bryant Jenkins Ieshua Ceannaideach arbitrary_brrrrrrrrr NV WANG DOODLE stucchio 3rdMoment 🏛️ Mostly Peaceful Coffee #ALM
    17 replies 39 retweets 109 likes
      1. This Tweet is unavailable.
      2. Kim-Mai Cutler‏Verified account @kimmaicutler 4 Jun 2018
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        Replying to @ComradeDadEG @deray

        Yes, and when we offer benefits we need to have a way to finance them that is not dependent on overly ambitious or unrealistic rates of return, or else they end up crowding out salaries we can offer future teachers or education that we can offer future students.

        0 replies 0 retweets 3 likes
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      1. Reggie‏ @ReggieHalstrom 4 Jun 2018
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        Replying to @kimmaicutler

        Feels like this is a a problem that is going to pop up across the country. Plenty of public employees are expecting a pension when they retire....and it's not looking like there will be any money for it.

        0 replies 0 retweets 0 likes
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      2. muckdog‏ @muckdog 4 Jun 2018
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        Replying to @SillyVeryRabbit @kimmaicutler

        #truth 👆

        0 replies 0 retweets 0 likes
      3. End of conversation
      1. Sandy Kory‏ @sandykory 4 Jun 2018
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        Replying to @kimmaicutler

        how dare you imply that we are making a decision to spend money on retirement benefits that we would otherwise spend on educating children! (kidding)

        0 replies 0 retweets 1 like
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      1. Bruce Ross‏ @530BruceRoss 4 Jun 2018
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        Replying to @kimmaicutler

        The baby boomers are retiring. It will be expensive.

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      1. New conversation
      2. muckdog‏ @muckdog 4 Jun 2018
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        Replying to @kimmaicutler

        All the pension funds had to do is buy an index fund. The SP500. Instead they Time the market, reallocate, etc. Lame. Total mismanagement.

        1 reply 0 retweets 0 likes
      3. 3rdMoment  🏛️‏ @3rdMoment 5 Jun 2018
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        Replying to @muckdog @kimmaicutler

        Maybe a little of this, but the returns assumptions were unrealistic and have been for years. It's fraudulent really.

        1 reply 0 retweets 0 likes
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      1. Mark Iannarelli‏ @markiannarelli 4 Jun 2018
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        Replying to @kimmaicutler @kylebrussell

        those pension benefits werent designed for a world where zero marginal cost tech swallows the worlds attention/consumption

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