11/24/2024

News

From useful to wasteful: How utility ratepayers have borne the brunt of failed projects

Fifteen years after blackouts rolled through some California neighborhoods, utility customers are still feeling the effects of post-energy-crisis regulatory changes that pushed the risk of costly projects from utility investors to ratepayers.

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Gov. Jerry Brown’s housing plan could wipe away development rules in Los Angeles and San Francisco

Robert Tillman owns a coin-operated laundromat in San Francisco’s Mission District, a neighborhood at the epicenter of California’s housing crisis. Over the last 2½ years, he’s spent nearly $500,000 on plans to tear down the business to build apartments. But although the city has zoned the property for apartments, Tillman hasn’t gotten very far.

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Most new jobs in L.A. County will be low-paying, report warns

Hundreds of thousands of jobs will be created in L.A. County over the next four years, most of them low-paying, according to a report released Wednesday by the Los Angeles County Economic Development Corp.

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Tesla rival Faraday gets one step closer to building electric cars in Vallejo

The Vallejo City Council voted unanimously Tuesday night to enter into a six-month exclusive negotiating agreement with FF LLC, a special-purpose entity created by Faraday Future to discuss and purchase a 157-acre parcel of land on Mare Island.

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Elon Musk announces plan to revolutionize factories

In a freewheeling talk before shareholders Tuesday, Musk said he and his Tesla team will completely rethink the factory process, hoping to bring “factors of 10 or even 100 times” in improvements in efficiency to the manner in which “you build the machines that build the machine.”

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The huge price tag for missing warnings of L.A. teachers abusing students: $300 million and counting

In a recent court hearing, one young man after another claimed that former Franklin High football coach Jaime Jimenez befriended them during summer practice before 9th grade, then sexually abused them. But it’s not the allegations against Jimenez that are at the center of a lawsuit filed this month against the Los Angeles Unified School District. It’s about whether school officials once again missed — or ignored — warning signs about Jimenez that prolonged the alleged abuse. The nation’s second-largest school system has been plagued in recent years by a series of cases in which officials missed indications of teacher misconduct, and in some instances, continued to employ teachers who were under a cloud, or ignored or overlooked direct complaints

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Labor unions, environmentalists are biggest opponents of Gov. Brown’s affordable housing plan

Powerful opponents have emerged to fight Gov. Jerry Brown’s plan to streamline affordable housing development — and their main reason isn’t about building homes.

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Cal State trustees agree to boost faculty salaries, ending yearlong dispute

The dispute began about a year ago, when the union demanded a 5% pay raise for professors and other faculty members. Cal State said it could only afford a 2% raise. . . The compromise plan allows for a larger pay increase, but spreads out the cost over three fiscal years. . . A final bump on July 1, 2017, will bring the total increase to about 10.5%. . . So far, administrators have identified about $68 million to cover the salary increases going into July and are hopeful they will secure additional funding from the state by the end of the next budget cycle.

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Southern California faces potential lack of summer power supply

The manager of the state’s electric grid expects current power supplies to meet summer needs for keeping the lights and air conditioning running, except in Southern California, where power plants might lack the needed natural gas. . . Without Aliso Canyon, Berberich’s agency and state regulators worry that high electric demand could require more natural gas for the power plants than Southern California Gas can supply.

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Governor: We can’t buy our way out of the affordable housing problem

To get a subsidized rental unit, so-called affordable housing, in San Francisco it costs a $500,000 investment, a subsidy. $500,000. That means 10 people, it’s $5 million. A hundred people? $5 billion. So you need more housing. There was a time in the 1970s, I think, the median home price in L.A. was like $65,000. So we need more production that will bring, hopefully, the supply is going to bring down the cost. Otherwise, through subsidies and through restrictions, we’re just spending more and more tax dollars and getting very, very little. And the whole program anyway is for very small numbers of people

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This is how California’s governor wants to make it easier to build affordable housing

“Hopefully, the supply is going to bring down the cost,” Brown said. “Otherwise, through subsidies and through restrictions, we’re just spending more and more tax dollars and getting very, very little.”

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California voters to get chance to decide if cigarette taxes will go up by $2 a pack

A coalition of health groups including the California Medical Assn. has collected more than enough signatures to qualify an initiative for the Nov. 8 ballot that would raise the tobacco tax in California by $2 a pack, the group said Friday.

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Voters will likely be asked for 12 more years of higher income taxes on the wealthy

Butler and a group of education and healthcare groups announced on Wednesday that they’ve gathered more than 980,000 signatures to earn the tax extension a spot on what looks to be a very long Nov. 8 statewide ballot .

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Consumer spending growth slows despite jump in income

“Consumer spending rose just 0.1% in March, down from an upwardly revised 0.2% increase the previous month, the Commerce Department said Friday. The latest figure was below economists’ forecasts. But personal income increased more than expected. Incomes rose 0.4% last month, up from a downwardly revised 0.1% gain in February. Consumers opted to save more of their higher income instead of spend it amid concerns about the U.S. economy.”

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Competitors are eating into L.A. ports’ dominance

In the first three months of 2016, Los Angeles and Long Beach took in 37% of all imports to the country arriving in containers, down from 43% during the same period in 2007.

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