Russians hack Ukraine’s electricity network, turning lights off and on at will, rendering the country’s best tech hands helpless to intervene. North Korea takes over the controls of a South Korean nuclear power plant. Snipers with high-velocity rifles unleash a fusillade on a transmission station near San Jose, inflicting $15 million in damage. It’s not […]
Tesla Inc. cut the price of its mass-market Model 3 sedan for the second time this year, another step in Chief Executive Elon Musk’s quest to drive the sticker price—not counting tax credits and fuel savings—down to $35,000. The Silicon Valley auto maker shaved another $1,100 off the cheapest version of the Model 3, lowering […]
California’s cement industry could be overhauled if Sierra Club California and a Bay Area Assembly member get their way. A new Sierra Club study says cement production is responsible for 5 percent of carbon pollution globally. “This is one industry that has managed to keep the status quo even though the science is showing we […]
A senior aide to a former mayor of Atlanta collapses on a courtroom floor after hearing that she is headed to prison. F.B.I. agents in Los Angeles haul away computers and documents during a raid of a veteran councilman’s office. News cameras trail the most powerful alderman in Chicago as he walks to court to […]
To show the importance of acting quickly, the report to the Legislature will have a calculation of where CalSTRS funding would be if the rate increases enacted in 2014 had been promptly adopted after the 2008-09 financial crisis. “If we had been able to raise the rates, we would now be about 70 percent funded […]
Green New Dealers reckon the secret lies in making the economy both greener and more equitable. Their plan remains ill-defined, though Democrats are expected to release draft legislation that may provide more details soon. But its primary aims are clear. It proposes a move to 100% clean and renewable energy within a decade or two, […]
The second-longest bull market in American history hasn’t stopped the deterioration of state and local pension funds, whose unfunded debt has almost quadrupled—by their own accounting—from about $360 billion in 2007 to $1.4 trillion today. Having relied on overly optimistic and inaccurate financial assumptions for decades, public pension administrators are now forced to acknowledge that […]
Very quietly, CalPERS officials told its governing board last month that the trust fund actually lost 3.9 percent during 2018, apparently due to the sharp stock market decline late in the year, pushing its funded level back down to about 67 percent. Having just two-thirds of the assets needed to cover pension promises should be […]
The 2019 report, prepared by Beacon Economics, shows that creative industries throughout the state support 2.6 million jobs, $227.8 billion in labor income and $604.9 billion in annual economic output. One million of those jobs represent workers directly employed in creative industries and the other 1.6 million are jobs indirectly generated by those sectors. When […]
Employees who are required to stay “on call” before the start of a possible work shift — phoning their employer two hours before the shift to learn whether they’re needed — are entitled to be paid for that two-hour period regardless of whether they’re called in to work, a state appeals court ruled Monday. In […]
California policymakers are committed to making sure that electric vehicles — and the charging stations and other infrastructure needs associated with them — transform the state’s transportation sector. But it won’t come cheaply. A review conducted by the San Diego Union-Tribune showed various state agencies have committed $2.46 billion in public funds — some of […]
In a Hill-HarrisX survey released Thursday, 13 percent of respondents said they would prefer a health care system that covers all citizens and doesn’t allow for private plans, an approach that is sometimes referred to as “single-payer.” The most popular option, at 32 percent, consisted of a universal, government-operated system that also would allow people […]
We document the falling socioeconomic status of American households without private vehicles and the continuing financial burden that cars present for low-income households that own them. We tie both these trends to the auto-orientation of America’s built environment, which forces people to either spend heavily on cars or risk being locked out of the economy. […]
One of the most persistent ideas of Democratic politics in California — the push for single-payer health insurance — is favored by only 41 percent of voters statewide, while 46 percent would not swap their private insurance for a government-backed system, according to a poll released Wednesday, Feb. 6 by Quinnipiac University. That result comes […]
One major goal outlined by the resolution: overhauling the country’s transportation systems, so that electric vehicles, public transit, and high-speed rail can replace every combustion-engine vehicle. In many ways, that’s a summation of every eco-conscious urbanist’s dreams. Transportation produces the largest share of U.S. greenhouse gases, so everything should be done to reduce the globe-cooking […]