09/20/2021

News

PG&E Bankruptcy Threatens California Wildfire Suits, Green-Power Contracts

PG&E Corp.’s plan to file for bankruptcy protection has enormous repercussions for everyone from the homeowners suing the utility for California wildfire damages to the companies that furnish it with green energy. California’s largest utility said Monday it was preparing to file for Chapter 11 protection before the end of the month as it faces […]

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Gov. Gavin Newsom embraces an untested idea on how California’s rainy-day fund should work

Then, in his budget proposal last week, new Gov. Gavin Newsom asked lawmakers to set in motion plans to add even more to the fund — a total of $4.1 billion more over the next four years. To those who would suggest that that’s more than Proposition 2 says the account can hold, Newsom pointed […]

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Glencore Gave Loans to Businesses Linked to Suspect Congo Dealings

Swiss mining giant Glencore provided nearly $1 billion in loans and advances to companies associated with an Israeli businessman accused of having corrupt ties to government officials in the Democratic Republic of Congo, according to documents reviewed by The Wall Street Journal. The loans, made over a roughly 10-year period starting in 2007, were designed […]

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Dan Walters: We pay through the nose to live in California

While decrying economic inequality is not a new theme for California politicians, they’ve only occasionally cited high living costs as a factor. In fact, those costs are the major reason we have the nation’s highest level of poverty, as measured by the Census Bureau, and they are not confined to housing. Californians’ personal incomes, while […]

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Congo Opposition Candidate to Challenge Election Results

Democratic Republic of Congo opposition leader Martin Fayulu said Friday he will challenge the official election result at the country’s constitutional court, as one of his campaign aides claimed his candidate had won in a landslide. Preliminary results announced early Thursday by Congo’s electoral commission said another opposition leader, Felix Tshisekedi, had come first in […]

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How Estimates of the Gig Economy Went Wrong

Two leading experts on the “gig economy” now say their estimates of its impact were too high, skewed by spotty data and the recession of a decade ago. Alan Krueger of Princeton University and Lawrence Katz of Harvard sifted through new evidence to explain how, in a 2015 survey, they overestimated how people cobbling together […]

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Tension mounts as Congo’s election commission delays results announcement

Congo’s historic yet disorganized election suffered yet another delay on Sunday as the election commission admitted it had tabulated only about half of results on the day it was supposed to have completed the count. It did not say when it would be able to release results. The delay fuels suspicions that the election commission […]

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U.S. sends troops in response to possible “violent” demonstrations in Congo

President Trump announced Friday evening that U.S. troops had been sent to Gabon to protect U.S. assets in the Democratic Republic of Congo, which is awaiting the first results of its presidential election. Mr. Trump wrote in a letter to House Speaker Nancy Pelosi Friday that around 80 personnel had been deployed to the capital […]

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A California Dream for Paid Leave Has an Old Problem: How to Pay for It

The United States has long been the only industrialized country not to offer paid leave to new parents. Instead of waiting for the federal government, the incoming governor of California intends to change that in a significant way for families in his state. He is expected to introduce a proposal to give families six months […]

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Opinion: The Electric Kool-Aid Subsidy Test

Mr. Trump’s initial response to GM’s plant closure news was to threaten to punish the company by stripping its federal subsidies. White House economic adviser Larry Kudlow later acknowledged that Mr. Trump can’t legally single out GM for subsidy retribution. Instead the White House may take the better route of proposing to eliminate subsidies for […]

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Will Norway’s Electric-Vehicle Boom Outlast Its Incentives?

No other country on Earth has bet as big on electric vehicles as Norway, and it’s finally paying off. Half of all new cars sold to Norwegians are either fully electric or hybrid, making the country of 5.3 million the biggest per-capita market for EVs. Norway’s EV success is owed to both the carrot and […]

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Inside the Bill That Set the ‘Strongest Clean Energy Requirement in the Nation’

Washington, D.C. is positioning itself on the climate policy fast track. The District of Columbia city council voted unanimously last week to approve an expansive climate bill requiring utility providers to generate 100 percent of their energy supply from renewable sources by 2032. If D.C. Mayor Muriel Bowser signs the legislation as expected, the provisions […]

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Judge blasts San Diego County’s pay-to-pollute plan — putting 10,000 new suburban units in limbo

Acounty plan that would allow housing developers to pay their way around restrictions on greenhouse-gas emissions looks increasingly to be on shaky legal ground. The Sierra Club has challenged the plan in court as part of its longstanding fight with the agency over its so-called climate action plan. A superior court judge issued a tentative […]

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California housing costs push migrants away from areas providing the most help

In recent weeks, more than 7,000 migrants have gathered in Tijuana, hoping for asylum in the United States. Some will be deported. Others will be detained for long periods of time. Those who have made it into California are finding support mixed with hardship. Across the border, there’s a cadre of pro bono attorneys eager […]

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Opinion: The next housing crisis

In the past bust, it was the fast-growing exurbs, aspirational home of the middle and working classes, that imploded, driving millions of people into foreclosure. Aided by dicey lending practices from the private sector, devastation was most precipitous in states such as California where public policy helped drive to unsustainable levels. This time the biggest […]

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