02/25/2018

News

Taxing Innovators To Pay For Universal Welfare Is A Terrible Idea

A new “study” in Britain suggests that by raising taxes sharply on Facebook, Amazon and Apple, the government could pay for a universal basic income (UBI) for all Britons. It’s an absurd idea, which is why it can’t be counted out. . . . In the case of Britain, the left-wing paper The Guardian reports, […]

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San Francisco has some streets dirtier than the world’s filthiest slums, new report finds

The City of San Francisco has more than 153 blocks with conditions so unsanitary that they rate close to the worst slums in India, Brazil or Kenya, a new report has found. NBC Bay Area studied a 10-mile swath of downtown San Francisco, including tourist attractions like Union Square and several of the city’s biggest […]

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Healthcare Spending to Reach $5.7 Trillion by 2026

“National healthcare spending trends are unsustainable in the long term,” President Donald Trump’s budget acknowledges. An article published earlier this month in the medical policy journal Health Affairs buttresses this simple point. Medical inflation stands to outpace both economic growth and actual inflation. Our spending — government, individual, business, etc. — on healthcare, projected to […]

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Retirement Debt: What’s the problem and how does it affect you?

Across California, the cost of retirement benefits for public employees remains untamed. The total cost to state and local governments as well as schools and colleges has more than tripled since 2003—and projections indicate the burden in coming years will continue to grow. Payments for public employee pensions and retiree health care benefits are putting […]

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Electric vehicles’ future relies on cobalt. It’s often mined by children and is soaring in price

The road to an imminent electric vehicle future has hit a speed bump — one made of cobalt. An essential ingredient in lithium-ion batteries that power millions of smartphones as well as plug-in electric cars, cobalt is in heavy demand. But just as the silverish-gray metal has established itself as a critical element in the […]

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Greenhouse gas emissions rose again in 2016

In 2016, German emissions reached a total of 909.4 million metric tonnes CO2 equivalent. This amounts to 2.6 million tonnes more than in 2015 and represents the second increase in successive years. Such are the results of calculations recently submitted to the EU by the German Environment Agency (UBA). Emissions from the transport sector have […]

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Countries made only modest climate-change promises in Paris. They’re falling short anyway.

The struggles of Germany, one of the globe’s most progressive nations when it comes to embracing renewable energy, illustrates the problem. The country’s “Energiewende,” or “energy transition,” aims to generate 80 percent of energy from renewable sources by 2050. The country also has set an aggressive near-term goal of cutting greenhouses gas emissions by 40 […]

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California Needs Career and Technical Education

Californians eagerly await Congressional implementation of President Trump’s recently released infrastructure proposal, a $1.5 trillion plan to rebuild our country’s neglected bridges, dams, schools, highways, streets and public transit. Even with funding, a lack of skilled construction workers presents a serious barrier to success. California’s lack of investment in career and technical education programs has […]

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California Losing Residents Via Domestic Migration

For many years, more people have been leaving California for other states than have been moving here. According to data from the American Community Survey, from 2007 to 2016, about 5 million people moved to California from other states, while about 6 million left California. On net, the state lost 1 million residents to domestic […]

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Bureaucrats are blocking badly needed reservoirs

Four years ago, California voters directed the government to update our state water system by passing Proposition 1, a $7 billion water bond that included clear guidelines for investing $2.7 billion in new reservoirs. Voters expected billions of gallons of water to be added to our surface storage system. Sadly, with a dry start to […]

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California water agency gets scolded: Speed up spending billions on new reservoirs

With California facing another potential drought, legislators demanded Wednesday that a state agency release $2.7 billion in bond funding for dams, reservoirs and other water storage projects. Assembly Republican Leader Brian Dahle, pulling a child’s red wagon, arrived at a meeting of the California Water Commission with a stack of petitions with 4,000 signatures supporting […]

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Facing specter of drought, California farmers are told to expect little water

The U.S. Bureau of Reclamation announced Tuesday that most farmers south of the Sacramento-San Joaquin Delta who get water from the federal Central Valley Project will receive just 20 percent of their requested allocation this year. Some south-of-Delta farmers on the east side of the San Joaquin Valley will get 30 percent allotments because of […]

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Even as California embraces electric vehicles, pickup trucks still rule its roads

California, easily the biggest market in the United States for electric-vehicle sales, is still very much in love with the pickup truck. In fact, data from the California New Car Dealers Association shows the Ford F-Series pickup outsold all pure electric vehicles combined in 2017. Californians bought 53,549 electric vehicles last year compared with 55,249 […]

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LA’s economy is strong — but not for all workers

According to a new economic forecast released Wednesday by the Los Angeles County Economic Development Corporation (LAEDC), the region’s GDP is growing faster than the nation’s as a whole. Unemployment is below five percent and still declining. And economists project that solid overall growth will continue over the next two years. But for many workers, […]

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Why Productivity Growth May Be Poised to Recover

Weak productivity growth has been a head-scratcher for economists in recent years, but a new study argues the tide is poised to turn, and the next wave will be driven by digitization. The diffusion of new technologies into everyday use holds promise for bringing back the kinds of annual 2% productivity growth seen in the […]

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