Larry Downing / Reuters
The president focuses on the economy in a fickle state where the tide appears to be turning against once-popular Democrats.
California's public pension system allowed senior portfolio managers to take private jet trips around the world, paid for by firms seeking business with the agency.
"No more beating up on BP," Kenneth Feinberg tells claimants. Next week, he will take over from the oil giant the $20-billion fund for spill compensation claims.
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