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Push begins to overturn new California gas tax

Push begins to overturn new California gas tax

By James Poulos A fresh effort has been launched to reverse Gov. Jerry Brown’s fuel and vehicle tax deal, passed narrowly in Sacramento on the strength of a series of sharply criticized side deals. “Only one Republican – state Sen. Anthony Cannella – voted in favor of SB1, and that was after his Central Valley district received $500 […]

Credit industry circles California pot banking

Credit industry circles California pot banking

By James Poulos As Gov. Jerry Brown’s administration turns toward tidying up California’s complex and still-unsettled marijuana laws, the massive market for money made from the plant’s products has begun to attract attention from financial services companies that want to take advantage without taking on too much risk.  “Though federally prohibited, marijuana is now legal in […]

Confusion on CA housing market brings flurry of legislation

Confusion on CA housing market brings flurry of legislation

By James Poulos Debate over California’s housing situation ratcheted up amid conflicting data and a flurry of new legislation designed to mitigate high prices and low supply.  Analysts have separated into two camps around Golden State real estate, one more bullish than the other. “Two recent reports — from Fitch Rating, a Wall Street credit […]

Silicon Valley faces slowdown

Silicon Valley faces slowdown

By James Poulos Market watchers have keyed in to a series of statistics suggesting breakneck growth in Silicon Valley has begun to slow down. “Tech companies in San Francisco and San Mateo counties lost 700 jobs from January to February and tech employment has dropped by 3,200 jobs since hitting a peak last August,” the […]

Board of Equalization faces heavy criticism for mismanaged funds

Board of Equalization faces heavy criticism for mismanaged funds

By James Poulos Created to make California’s tax system work better, the Board of Equalization has found itself under a cloud of radical criticism, plunging it into a moment of extraordinary crisis.  “At a chaotic budget hearing for an agency that collects a third of California’s taxes, two lawmakers said late Wednesday they don’t believe […]

Brown gets new gas tax through

By James Poulos At the end of a tumultuous road, a wheeling and dealing Gov. Jerry Brown secured passage of a high-stakes new gas tax raising over $50 billion in ten years. “The California Legislature passed Senate Bill 1 on Thursday night, raising gas taxes and vehicle fees in hopes of generating tens of billions of […]

Thousands of California inmates could go free

Thousands of California inmates could go free

By James Poulos Nearly 10,000 inmates could leave California prisons within four years, another consequence of the state’s long struggle with the judicial system over the way it incarcerates convicts.  “As the state prison population comes close to exceeding a court-mandated limit, the California Department of Corrections and Rehabilitation is pursuing new regulations that aim to […]

California seeks fourth federal disaster declaration

By James Poulos Still reeling from a wild weather season, California chalked up a fourth request for federal disaster aid, as Gov. Jerry Brown lodged the request en route to Washington earlier this month. “Putting the price tag of California’s brutal winter storms at $569 million, Gov. Jerry Brown asked President Trump […] for a fourth federal disaster […]

California lawmakers propose relief for criminal juveniles

California lawmakers propose relief for criminal juveniles

By James Poulos In a fresh bid to reform California’s criminal justice system, Sacramento lawmakers have begun to advance several bills, many aimed at softening juvenile punishment. “Democratic state senators Holly Mitchell of Los Angeles and Ricardo Lara of Bell Gardens are proposing four bills intended to keep more youthful offenders out of the criminal justice system,” as […]

SpaceX returns stem cells from orbit

SpaceX returns stem cells from orbit

By James Poulos Amid ongoing controversy over the economic impact of California’s thick regulatory environment, its leading space pioneers continued to notch new successes, underscoring the potential value of orbital and interplanetary technology to more earthbound challenges and opportunities. Off the Pacific coast, a SpaceX capsule successfully returned to Elon Musk’s company cutting-edge research samples developed […]

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