04/19/2018

News

Warning – Global Economies are Betting the Farm on Next Gen Batteries Not Yet Commercially Viable!

As governments, including California’s, join the electric vehicle (EV) crusade, new public policies are advancing that ultimately would ban the sale and registration of light-duty vehicles powered by internal combustion engines. . . . The unintended consequences of banning internal combustion engine cars is that manufactured aviation, gasoline and diesel fuels from crude oil are […]

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Working on Food Stamps

House Agriculture Chairman Mike Conaway on Thursday will introduce a farm bill, though food stamps absorb much of the cost. More than 40 million Americans are in the Supplemental Nutrition Assistance Program, the official name for food stamps, and the figure is up from about 17 million in 2000. The size of the benefits has […]

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California again ranks low in academic testing

There was a bit of good news for California in the federal government’s latest round of academic test results: it’s one of seven states that registered four-point gains in reading comprehension among eighth-graders. But that positive morsel in the 2017 National Assessment of Educational Progress (NAEP) testing of fourth- and eighth-graders released this week was […]

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Oil ‘is killing us.’ Activists call on Jerry Brown to halt California drilling

In an ad published Wednesday in The Sacramento Bee, the coalition directly addressed Brown again, saying he should “lead by announcing no new permits for oil and gas extraction, fossil fuel infrastructure or petrochemical projects in California,” and the state should “set a global precedent by becoming the first oil producing state to announce a […]

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California makes significant gain in reading on much anticipated national test

Led by strong scores in 8th-grade reading, California moved closer to the national averages in reading and math, continuing a decade-plus trend of generally slow but steady improvement on the National Assessment of Educational Progress. The closely watched assessment released its 2017 results for 4th and 8th grades on Tuesday. . . . In 4th-grade […]

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Yes, Entitlements Are Driving the Long-Term Debt

Social Security and Medicare costs are rapidly rising due to the retirement of 74 million baby boomers into a system that already runs substantial per-person deficits. Today’s typical retiring couple has paid $140,000 into Medicare and will receive $420,000 in benefits (both adjusted into net present values). Most Social Security recipients also come out ahead. […]

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A debt crisis is coming. But don’t blame entitlements.

A group of distinguished economists from the Hoover Institution, a public-policy think tank at Stanford University, identifies a serious problem. The federal budget deficit is on track to exceed $1 trillion next year and get worse over time. Eventually, ever-rising debt and deficits will cause interest rates to rise, and the portion of tax revenue […]

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A debt crisis is on the horizon

Unless Congress acts to reduce federal budget deficits, the outstanding public debt will reach $20 trillion a scant five years from now, up from its current level of $15 trillion. That amounts to almost a quarter of million dollars for a family of four, more than twice the median household wealth. . . .As is […]

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The Controversy Surrounding a Fast-Growing Clean Energy Loan Program

By the numbers, the home loan program PACE — or property assessed clean energy — is one of the most successful tools for helping property owners pay for otherwise expensive clean energy and environmental upgrades. PACE loans have shot up by more than one-third over the past year alone, to more than $4.6 billion. Despite […]

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Government Spending: It’s Children vs. Grandparents

To those paying attention, the recent strikes for higher teachers’ pay in West Virginia and Oklahoma are a harbinger of things to come. You can attribute the strikes to the stinginess of the states’ political leaders. After all, average annual teachers’ salaries in these states ranked respectively 49th lowest (Oklahoma at $45,276) and 48th lowest […]

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An Electric Car Revolution Will Require Perpetual Subsidies

Adding all of these observations together, it is difficult to see BEVs displacing more than 10% of LDV fuel consumption (2% of oil consumption) without perpetual subsidies. Displacing 10% of oil consumption may be possible at a substantial subsidy cost, but pushing beyond that point really sounds increasingly wasteful. As mentioned earlier, substantially larger cuts […]

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The New Science of Smog

Liberals are claiming that the Trump Administration’s plans to roll back the Obama fuel-mileage rules will increase pollution. Perhaps they should read up on the latest scientific evidence about the sources of air pollution. A recent study in the journal Science traced and measured volatile organic compounds (VOCs) in Los Angeles. In the presence of […]

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CalPERS may join union foes of 401(k) option

A bill by state Sen. Steven Glazer, D-Orinda, giving new state workers the option new University of California workers received two years ago, a 401(k)-style plan rather than a pension, is opposed by unions and soon may be opposed by CalPERS. More than a third of eligible new UC employees have chosen a 401(k)-style plan. […]

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Recent years prove we need more water storage

The need for more storage has been evident for decades, and although Southern California’s water agencies, particularly the Metropolitan Water District, have been diligent about adding it, Northern California, where most of the rain falls, has been negligent. . . . The recent drought was by no means the first. Gov. Jerry Brown’s first governorship […]

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The March of the Price Fixers

California is an expensive place to live so many activists inside and outside government want the government to do something about it. Enter the price fixers. The newest price control effort is on health care in California but that occurs at the same time of an on-going attempt to establish rules for broader rent control. […]

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