11/18/2018

News

The Follow Up to the Vetoed Bank of Los Angeles

Angelenos and the City of Los Angeles dodged a potentially fatal bullet on Tuesday, November 6, when 58% of the City’s voters said NO to Charter Amendment B, which, according a Los Angeles Times editorial, was “one of the most ill-conceived, half-baked measures to come out of City Hall in years, and that’s saying something.” […]

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California to Conduct Wide-Ranging Review of PG&E, Including Possible Breakup

A California regulator said late Thursday that it was expanding a probe of PG&E Corp.’s P safety practices to explore the way the company is managed and run, including whether it should be broken up. “I will open a new phase examining the corporate governance, structure, and operation of PG&E, including in light of the […]

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Statewide Polystyrene Ban Would Bring Unintended Consequences

Supposedly civic-minded prohibitions on consumer conveniences always have unintended consequences. California’s single-use plastic bag ban, for instance, has led to a surge in E. coli infections, created a swarm of thicker plastics bags that are a greater environmental hazard than the outlawed single-use plastic bags, boosted shoplifting, and been the cause of countless broken eggs […]

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Medical-Marijuana Legalization Leads to Baby Boomlet, Paper Says

The tide of medical-marijuana legalization making its way through American states is leading to a notable uptick in the birth of babies, according to a new paper published by the National Bureau for Economic Research. According to the National Conference of State Legislatures, 33 states and Washington, D.C., allow the once verboten drug to be […]

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Gloomy Prospects in IEA’s Latest World Energy Outlook

None of the scenarios in the latest International Energy Agency World Energy Outlook show renewables growing fast enough to meet global climate goals. Under current policies, said the IEA this week, the world would see increasing strains on almost all aspects of energy security and “a major additional rise” in energy-related carbon emissions. And under […]

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Climate Hoax: Not A Single G-20 Country Is Close To Hitting CO2 Emission Targets

A new report calls the lie on the grand Paris climate change treaty. None of the promised cuts in CO2 emissions that 200-plus countries made will come close to preventing a climate “catastrophe.” And many of the industrialized nations aren’t even living up to the promises they did make. . . . What did it […]

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Ballot measures taking aim at climate change fall short

Efforts to nudge the nation away from burning fossil fuels and toward harnessing renewable source of energy were rejected by voters Tuesday across a swath of resource-rich states in the western United States. Voters in Arizona, one of the nation’s most sun-soaked states, shot down a measure that would have accelerated its shift toward generating […]

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In East Palo Alto, residents say tech companies have created ‘a semi-feudal society’

This poor city is surrounded by the temples of the new American economy that has, in nearly every way imaginable, passed it by. Just outside the northern city limit, Facebook is expanding the blocks-long headquarters it built seven years ago. Google’s offices sit just outside the southern edge, and just a few miles to the […]

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All Charged Up, No Place to Go

Where in the country you drive an electric vehicle matters a lot for the environment, a point made repeatedly — both by economists (here and here) and by engineers (here and here). You know what else matters a lot? How much you drive. This gets very little attention, but has major implications for the environmental […]

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The Causes of California’s Housing Crisis

The homeownership rate in California equaled the national rate from 1950 well into the 1960s. Yet, by 2005, California’s homeownership rate was 13.3 percent below the national average and the 49th lowest in the nation. In the second quarter of 2018, the homeownership rate in California was 54.3 percent, the third lowest in the nation, […]

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Seattle’s Fake Free Lunch

A new study of Seattle’s minimum wage is being presented in some corners as a progressive vindication. But the details are pretty much what any Econ 101 student would predict: bad news for young, unskilled workers trying to gain a foothold in the economy. In 2015-16, Seattle phased in a wage floor of $13 an […]

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The electric car market didn’t have to turn out to be such a corrupt, subsidized fiasco.

But there is a villain in this story — and his name is Uncle. He committed two heinous crimes, for which he deserves to be frog-marched to the dock, tried, convicted and (cue Judge Alvin Valkenheiser from Nothing But Trouble) sent for a ride on Mr. Bone Stripper. The first of his offenses is the […]

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Green Floyd: Roger Waters and the Great Green Chevron Scam

The slow unraveling of the case against Chevron has been eye-opening, not least for the glimpse it offers into the way money moves through the progressive activist world.

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Another conflict brewing over work disability costs

Oregon’s workers compensation system is the go-to oracle on how costs vary from state to state. Its latest national survey, released this month, found that California, which long had the nation’s highest costs as a percentage of payroll, had dropped to No. 2 behind New York. California’s current rate in the survey, 2.87 percent, is […]

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Sacramento waives fees on affordable housing projects; how much will it cost?

Sacramento City Council voted Tuesday to stop charging most city-imposed fees to developers who build new affordable housing. Starting Dec. 30, developers and nonprofits that build new affordable apartment units and single-family homes will no longer need to pay city fees that go toward services like infrastructure, parks, water and sewer, a city staff report […]

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