05/01/2024

News

The Economic Impacts of California’s Major Climate Programs on the San Joaquin Valley

Researchers looked at three key California climate and clean energy policies: 1) cap and trade, which established a market designed to reduce carbon emissions from major polluters; 2) the renewables portfolio standard (RPS), which calls for California to get 33 percent of its energy from renewable sources by 2020, growing to 50 percent by 2030; and 3) energy efficiency programs run by investor-owned utilities and overseen by the Public Utilities Commission.

Research & Studies
Read More

California ranked 42nd nationally in education

California trails much of the country when it comes to public education, according to Education Week’s new state rankings.

Read More

California’s poorest may finally be feeling rising economy

Applications for cash welfare reached their lowest point in at least six years in 2016, which economists say might indicate California’s poorest are finally feeling the effects of an improving economy.

Read More

“Gigs” are becoming lifelines for seniors

A study conducted by the JPMorgan Chase Institute found that roughly 4.2 percent of retirees have used the gig economy to earn money over the past three years, up 47-fold over the period. Moreover, the study, which used anonymous data from JP Morgan Chase customers to draw a wide sampling, found that seniors generated a larger segment of their income from the gig economy than any other group.

Read More

Trump’s EPA pick casts doubt on California’s power to regulate auto emissions

Donald Trump’s pick to head the Environmental Protection Agency cast doubt on whether California should continue to have power to impose its own emission rules for cars and trucks, an authority the state has enjoyed for decades that is also the cornerstone of its efforts to fight global warming.

Read More

Beige Book – January 18, 2017

Labor shortages in the technology, health-care, and financial industries boosted wages for skilled workers. Minimum wage legislation increased compensation for unskilled workers across the District. One contact in the media and entertainment industry reported that some companies were postponing filling vacant positions in order to offset rising costs from minimum wage increases. . . Contacts in the hospitality and restaurant industries reported increasing the price of goods and services to offset rising labor costs.

Read More

Have climate policies helped San Joaquin Valley? New report says yes

Politicians who represent the region in the Capitol have also been skeptical of state regulations, and it’s unclear whether they’ll be swayed by some of the report, which analyzed the cap-and-trade program, renewable energy standards and energy efficiency initiatives. According to the study, there has been $13.4 billion in economic benefits, primarily from the construction of solar generation facilities.

Read More

California’s Future

This multi-topic publication highlights the state’s most pressing long-term policy challenges in several key areas.

Read More

Dan Walters: Drought and storms prove again California needs more storage

“The drought that the storms may have ended has been the hydrological equivalent of a severe economic recession, and proved once again that California has not provided enough water storage to sustain its nearly 40 million residents and its economy when precipitation is scant. Moreover, were predictions of climate change to prove true, it would mean California could depend even less on the natural reservoir of mountain snowpacks because it would receive more of its precipitation as rain, and thus would logically need more man-made storage to close the gap.”

Slow website
Read More

Without better jobs and affordable homes, people will leave O.C. and economy will be in trouble, Chapman researchers say

Orange County’s future prosperity depends on its ability to attract well-paying jobs, but its efforts are woefully inadequate when compared with those of other regions. . . “We have high housing costs,” Kotkin said. “But we are not generating the jobs to support those costs. As long as we have this real estate-driven economy, we are going to be in trouble. Orange County was once the belle of the ball. That era is over.”

Read More

Western Dems look to climate to revitalize jobs messages

Western states run by Democrats are aiming to use government responses to climate change as the basis for a new economic pitch to show voters the party can manage a transitioning economy.

Read More

CalPERS Return Rate Decision Could Lead To Tax Hikes

For taxpayers, the number change likely means more dollars from state and local government budgets will be directed to cover pension liabilities and less will be available to meet services supplied by government. The city of Los Angeles already dedicates 20 percent of its budget for pension obligations, Anaheim 13 percent, Long Beach 11 percent and San Jose as high as 27 percent. These numbers will only increase after the CalPERS board’s decision.

Read More

California’s bullet train is hurtling toward a multibillion-dollar overrun, a confidential federal report warns

A confidential Federal Railroad Administration risk analysis, obtained by The Times, projects that building bridges, viaducts, trenches and track from Merced to Shafter, just north of Bakersfield, could cost $9.5 billion to $10 billion, compared with the original budget of $6.4 billion.

Read More

America’s Fastest-Growing Loan Category Has Eerie Echoes of Subprime Crisis

Her loan is part of a booming corner of the lending industry called Property Assessed Clean Energy, or PACE. Such loans, set up by local governments across the U.S., are designed to encourage homeowners to buy energy-efficient solar panels, window insulation and air-conditioning units. . . Creditworthiness matters little to lenders, because loans are based on the value of a homeowner’s property. PACE loans typically require no down payment, and the debt is added to property-tax bills as an assessment. Ms. White’s annual property taxes soared to $6,500 from $1,215.

Read More

The End of the Energiewende?

The prominent German economist Heiner Flassbeck has challenged fundamental assumptions of the Energiewende at his blog site makroskop.eu. According to Flassbeck, the former Director of Macroeconomics and Development at the UNCTAD in Geneva and a former State Secretary of Finance, a recent period of extremely low solar and wind power generation shows that Germany will never be able to rely on renewable energy, regardless of  how much new capacity will be built.

Read More