04/20/2018

News

School Is Expensive. Is It Worth It?

Thus Mr. Caplan’s case against education begins by acknowledging the case in favor of getting one. “It is individually very fruitful, and individually lucrative,” he says. Full-time workers with a bachelor’s degree, on average, “are making 73% more than high-school graduates.” Workers who finished high school but not college earn 30% more than high-school dropouts. […]

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Amid Trade Feud, Recycling Is in Danger of Landing on Trash Pile

The U.S. generates more recyclable waste than any other country. China is the top customer for that scrap. China bought two-thirds of the used paper and half the scrap aluminum that the U.S. sold overseas last year, according to the Institute of Scrap Recycling Industries Inc., part of an overall haul of 13 million metric […]

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Surging Demand for Lithium Spurs Interest in European Mines

Rocketing demand and prices for lithium, coupled with China’s stranglehold on supply, are reviving interest in mining Europe’s reserves of the coveted metal some call white petroleum. Prices for lithium used in the batteries that power anything from mobile phones to Teslas more than doubled to $21,000 a ton in the past two years. Analysts […]

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San Jose’s SunPower buys solar rival — and avoids Trump’s tariffs

SunPower of San Jose reported Wednesday that it will buy SolarWorld Americas, a solar manufacturer in Oregon, in a sign of how the industry is reconfiguring itself to deal with the Trump administration’s protectionist moves. SunPower will use SolarWorld’s factory in Hillsboro, Ore., to build its own panels, while the facility continues to make SolarWorld […]

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Consumers Shy From Spending, Despite Tax Cuts

Spending at U.S. retailers bounced back in March, but the broader trend in consumer spending shows moderate growth despite a solid labor market and growing worker paychecks. The Commerce Department reported that retail sales reversed three straight months of declines in March, rising 0.6% from the prior month thanks largely to a bump in auto […]

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Is Housing Inequality the Main Driver of Economic Inequality?

Economic inequality is one of the most significant issues facing cities and entire nations today. But a mounting body of research suggests that housing inequality may well be the biggest contributor to our economic divides. Thomas Piketty’s influential book, Capital in the Twenty-First Century, put economic inequality—and specifically, wealth inequality—front and center in the global […]

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Undisrupted education

The Golden State was one of seven with a 4-point increase in 8th grade reading, which enabled it to come within 3 points of the national average. But this joyful moment is dampened by the reality that even with the improved scores, 69 percent of California 4th graders are not proficient in English, compared to […]

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California’s poor students rank next to last on national test

California’s poor students performed worse on a national exam than needy kids from all but one other state, according to results released this week by the National Center for Education Statistics. Congratulations, folks. We beat Alaska. These students’ lackluster scores on the most recent National Assessment of Educational Progress come despite the state’s $31.2 billion […]

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Tax Day: Californians Feel Overburdened

A record-high number of adults (72%) say that California ranks above average or near the top in per capita state and local tax burden compared to other states. This perception is close to the fiscal facts: a Tax Foundation report ranked California’s 2014 state and local tax collections per capita as 13th-highest in the nation. […]

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California loses jobs in March, though unemployment stays at a record low

In a signal that California’s economic engine could be slowing after a remarkable run, the state lost 7,200 net jobs last month and increases in February were far less than originally estimated, according to data released Friday by the Employment Development Department. The decline was the first in nearly two years and follows a disappointing […]

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Housing Inequality

Inequality in U.S. housing prices and rents both declined in the mid-20th century, even as home-ownership rates rose. Subsequently, housing-price inequality has risen to pre-War levels, while rent inequality has risen less. Combining both measures, we see inequality in housing consumption equivalents mirroring patterns in income across both space and time, according to an income […]

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Deciphering the Fall and Rise in the Net Capital Share: Accumulation or Scarcity?

In the postwar era, developed economies have experienced two substantial trends in the net capital share of aggregate income: a rise during the last several decades, which is well known, and a fall of comparable magnitude that continued until the 1970s, which is less well known. Overall, the net capital share has increased since 1948, […]

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Hanford official: Faraday Future sets May 21 target to install assembly lines

Kings County officials this week traveled to the Southern California town of Gardena to meet with executive staff of Faraday Future as well as company founder Jia Yuetin to help make plans for the startup’s Hanford assembly plant. Demolition work on the interior of the old Pirelli facility in the Hanford Industrial Park is underway […]

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Warning – Global Economies are Betting the Farm on Next Gen Batteries Not Yet Commercially Viable!

As governments, including California’s, join the electric vehicle (EV) crusade, new public policies are advancing that ultimately would ban the sale and registration of light-duty vehicles powered by internal combustion engines. . . . The unintended consequences of banning internal combustion engine cars is that manufactured aviation, gasoline and diesel fuels from crude oil are […]

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Working on Food Stamps

House Agriculture Chairman Mike Conaway on Thursday will introduce a farm bill, though food stamps absorb much of the cost. More than 40 million Americans are in the Supplemental Nutrition Assistance Program, the official name for food stamps, and the figure is up from about 17 million in 2000. The size of the benefits has […]

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