A U.S. Supreme Court ruling clearing the way for drivers to sue trucking companies could have a major impact on the labor battle that has raged for years at Southern California’s ports, according to worker advocates. Trucking firms may not block workers from filing class-action lawsuits, even if they consider them to be independent contractors […]
Global climate change is a serious problem calling for immediate national action. Guided by sound economic principles, we are united in the following policy recommendations. I. A carbon tax offers the most cost-effective lever to reduce carbon emissions at the scale and speed that is necessary. By correcting a well-known market failure, a carbon tax […]
An all-star roster of former Federal Reserve leaders and White House economic advisers are signing on to a new statement in support of a carbon tax on businesses that sends the revenue to U.S. citizens. Former Fed chair Alan Greenspan and former Council of Economic Advisers chief Austan Goolsbee are among dozens of economists now […]
The Federal Reserve has linked rising student debt to a drop in homeownership among young Americans and the flight of college graduates from rural areas, two big shifts that have helped reshape the U.S. economy. The effect of student debt on the economy has been debated in recent years, as the total has soared to […]
Closing perfectly good nuclear power plants decades ahead of schedule is a bad idea if you care about the environment, especially if you care about carbon emissions. That’s because nuclear is the best source of low-carbon energy and actually produces most of our low-carbon electricity, over 800 billion kWhs – twice as much as all […]
Tesla needs more cash. To help keep what it’s got from flying out the door, Chief Executive Elon Musk on Wednesday announced the end of a customer referral program that offers free Supercharging to new buyers. “It’s adding too much cost to the cars, especially the Model 3,” Musk said in a tweet late Wednesday. […]
Tesla Inc.plans to eliminate 7% of its full-time workforce, the auto maker’s second round of job cuts in a year as it tries to maintain profitability while lowering the price of its Model 3 sedan. The maker of electric vehicles has been jacking up production of the Model 3 while chasing its long-held dream of […]
On Sunday, the eve of the Detroit auto show, GM unveiled early images of its first electric Cadillac. The company said Friday that its storied luxury brand would launch the first vehicle on its third-generation EV production system. Previous projects, the Volt plug-in hybrid and the Bolt battery car, have taken the Chevrolet badge. GM […]
Cheap small sedans and hatchbacks have long been the gateway into the auto market for many generations of American drivers. But demand for these models is shrinking fast in favor of larger, more versatile crossovers and sport-utility vehicles, and more auto makers are dropping them altogether from their U.S. lineups, creating fewer options for budget-minded […]
Advanced manufacturing is exploding across the Bay Area, with about 650 companies using 3-D printers and computer-controlled machines to produce everything from robots to eyeglasses to drones to backpacks. But for most residents the fast-growing sector — and the skills needed to join its workforce — remain a mystery. Now San Francisco Mayor London Breed […]
California is casting off fossil fuels to become something that doesn’t yet exist: a fully electrified state of 40 million people. Policies are in place requiring a rush of energy from renewable sources such as the sun and wind and calling for millions of electric cars that will need charging—changes that will tax a system […]
Climate change helped fuel the deadly fires that prompted California’s largest power company to announce Monday that it would file for bankruptcy in the face of $30 billion in potential liabilities. In a grim twist, the bankruptcy of PG&E Corp. could now slow California’s efforts to fight climate change. The Golden State has dramatically reduced […]
PG&E Corp.’s plan to file for bankruptcy protection has enormous repercussions for everyone from the homeowners suing the utility for California wildfire damages to the companies that furnish it with green energy. California’s largest utility said Monday it was preparing to file for Chapter 11 protection before the end of the month as it faces […]
With California’s grid going through dramatic changes, San Diego Gas & Electric has approached the Legislature in Sacramento with a proposal that, at least at first blush, sounds pretty radical — it wants to get out of the business of buying and selling electricity. Instead, the company is calling on the state to create a […]
Overwhelmed by billions of dollars in claims from the Camp Fire and the 2017 wildfires of Northern California, PG&E said Monday it plans to file for bankruptcy, but insisted it will not go out of business. The embattled utility gave 15-day notice of its intent to file for protection under Chapter 11 of the bankruptcy […]
