12/16/2018

News

Steven Greenhut: State’s Fiscal Fate in High Court’s Hands

The latest California craziness to make national news is the Public Utilities Commission’s plan to vote next month on a tax on cellphone text messaging to help fund phone programs for the poor. It is the latest example of our state’s undying commitment to taxing virtually anything we do. The state general fund has $15 […]

Read More

New SF City Hall employee has one goal: To approve housing

On Thursday, Mayor London Breed announced the appointment of the city’s first director of housing delivery, a new position created specifically to “ensure that new housing projects are not held up in San Francisco’s complicated approval and permitting system.” . . . While inexperienced builders might assume that once the Planning Commission approves a building, […]

Read More

PG&E rate proposal would raise typical bill more than $10 a month

Pacific Gas and Electric Co. asked regulators Thursday for permission to raise nearly $2 billion in new revenue from ratepayers over three years, starting in 2020, with more than half the proceeds going to cover wildfire prevention work. If it is approved by the California Public Utilities Commission, the proposal would increase an average residential […]

Read More

Sac City Unified school district says it will be broke in November 2019

The Sacramento City Unified School District announced Wednesday it expects to run out of cash by November 2019 after months of financial crisis. In a statement sent to the community, the district said unless major savings are found, it will be unable to pay employees and make necessary purchases. The statement suggested that moving forward […]

Slow website
Read More

California shifts water from farms, cities to fish. But a Jerry Brown compromise plan isn’t dead

Despite an epic last-minute compromise brokered by Gov. Jerry Brown, state water regulators voted Wednesday to reallocate billions of gallons of San Joaquin River water from farms and cities to revive struggling fish populations. After hours of testimony, the State Water Resources Control board voted to deliver hundreds of thousands of acre-feet of water from […]

Slow website
Read More

Frivolous PAGA Lawsuits Don’t Help Workers or Employees

As I learned the hard way, these penalties can add up fast, easily reaching hundreds of thousands of dollars for a small company like ours (and millions for larger businesses). The end result is that employers have to enforce onerous labor regulations that often do not benefit employees, or risk getting sued. For instance, we […]

Read More

The Dirt on Clean Electric Cars

“We’re facing a bow wave of additional CO2 emissions,” said Andreas Radics, a managing partner at Munich-based automotive consultancy Berylls Strategy Advisors, which argues that for now, drivers in Germany or Poland may still be better off with an efficient diesel engine. The findings, among the more bearish ones around, show that while electric cars […]

Read More

Measuring Income Inequality in the US

This brief discusses in depth the methodological issues of measuring income inequality in the US as discussed by Rose (2018). The primary issues concern different studies’ definitions of income, datasets, units of analysis, income measures (market incomes only; total cash income with government transfers; and posttax, posttransfer income), income adjustments for household size, and the […]

Read More

How Different Studies Measure Income Inequality in the US

Piketty and Saez (2003) found that income inequality rose substantially between 1979 and 2002 because the top 10 percent of the income distribution took 91 percent of the income growth during that period. As the real incomes of the top 10 percent soared, the incomes of the bottom 90 percent stagnated. Piketty and Saez’s findings […]

Read More

Ending the electric-car subsidy

This type of cronyism is bad enough on principle alone. But it gets worse in the case of EV tax credits. For one thing, the cost is borne disproportionately by lower- and fixed-income families who can’t afford electric vehicles. Who’s taking advantage of the subsidies? Primarily America’s wealthiest households. They don’t need a tax break […]

Read More

Time ripens for much-needed school data system

A prudent investor would never consider buying shares of a company and then ignoring how the firm is performing in the marketplace. By the same token, it would be foolhardy for the state to spend $70 billion each year to educate six million K-12 students but stubbornly refuse to monitor whether those kids are receiving […]

Read More

Rethinking California’s electric utilities

Beginning with a misbegotten and misnamed “deregulation” of the utilities 22 years ago – which drove PG&E into bankruptcy – the state has been, by legislation and regulatory decrees, increasingly micromanaging how they generate, distribute and price electric power. They have slowly evolved into quasi-governmental entities while maintaining the façade of private ownership, but without […]

Read More

Get Ready to Worry About Inflation Again

Investors haven’t had to worry too much about inflation lately. In the coming year, that might no longer be the case. The Labor Department on Wednesday reported that consumer prices were unchanged in November from October, putting them 2.2% above their year-earlier level. Core prices, which exclude food and energy prices to better capture inflation’s […]

Site has paywall
Read More

Many U.S. Financial Officers Think a Recession Will Hit Next Year

Almost half of U.S. chief financial officers believe a recession will strike the U.S. economy by the end of 2019, with the tight labor market and growing trade tensions driving economic jitters among corporate America. Additionally, more than 80% of U.S. CFOs think a recession will strike by the end of 2020, according to the […]

Site has paywall
Read More

The first shots in the climate wars

Macron’s policies rest on the notion on-going climate catastrophe embraced by media, the academy and the intelligentsia. Every time weather takes a nasty turn as it often does — heat waves, downpours, forest fires, floods — it’s often attributed to climate change. This leads to the notion that we need to embrace climate “hysteria,” as […]

Read More