This year’s Fortune 500 marks the 63rd running of the list. In total, Fortune 500 companies represent two-thirds of the U.S. GDP with $12 trillion in revenues, $890 billion in profits, $19 trillion in market value, and employ 28.2 million people worldwide.
Lawmakers from both sides of the aisle raised concerns Tuesday that Gov. Jerry Brown’s state budget plan relies on a faulty calculation of a spending limit imposed by voters in 1979.
. . . An April 28 opinion from the legislative counsel of California, released publicly Tuesday, said that certain appropriations that Brown's budget looks to exclude from the spending limit "must be included" per the language that voters placed in the California Constitution.
A bill proposing multiple tax hikes on state employers was sent directly to the full Senate without a vote on Monday by the Senate fiscal committee. SB 567 (Lara; D-Bell Gardens) was identified as a job killer because it will significantly increase taxes on California businesses, who already have one of the highest tax burdens in the country.
SB 567 (Lara; D-Bell Gardens) was identified as a job killer because it will significantly increase taxes on California businesses, who already have one of the highest tax burdens in the country.
This year’s rains brought a welcome respite to California’s farmers, who had grappled with surface water supply shortages for the previous four years. But now farmers are increasingly worried about the availability of another crucial element to their farms’ productivity―farm labor. The connection between farm labor and immigration patterns was among the topics covered in a recent conference at UC Davis.
I had no idea what the Private Attorney General Act (PAGA) was, and I wondered what we could have possibly done wrong when it comes to our employees. As I spent time researching PAGA law I soon realized that this lawsuit could potentially cost the company millions of dollars. From what I understand, PAGA was originally designed to protect the employee; but unfortunately the pendulum has swung too far in the opposite direction and these days many ambulance-chasing attorneys open unfair litigation against good companies in California chasing that easy dollar.