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EconomicsFeatured

Californians Are Losing Their Supermajority Protection Over Tax Increases

by Lee Ohanianvia California on Your Mind
Tuesday, June 25, 2019

For the last forty years, California has required that new taxes earmarked for a specific purpose be approved by a two-thirds supermajority in a general election to pass. But the state’s supreme court has thrown out this protection for new tax initiatives that are brought forward by a citizens’ group, rather than by government directly. Predictably, new and expensive tax initiatives are now being brought by citizens’ groups and are passing by simple majority when they would not pass by the previous supermajority rule.

In the News

Two California Images

quoting Victor Davis Hansonvia Fox and Hounds Daily (CA)
Monday, June 24, 2019

Is California a shining star of social togetherness, booming economy, and an envy to the world or a place that’s too expensive to live or do business while suffering with ugly problems of homelessness, disease, filth and poverty? Both pictures contain truth and the public relations feud over the state’s image is in high gear. Just ask Governor Newsom.

Interviews

Victor Davis Hanson: America’s First Third-World State

interview with Victor Davis Hansonvia The National Review
Friday, June 21, 2019

Hoover Institution fellow Victor Davis Hanson discusses the declining fortunes of once-fortunate California, the problem with raising the minimum wage, and one minister’s nuanced response to state prohibitions on conversion therapy. 

Interviews

Victor Davis Hanson: California's "Woke-A-Topia" Not All It's Cracked Up To Be

interview with Victor Davis Hansonvia WWL Radio
Friday, June 21, 2019

Hoover Institution fellow Victor Davis Hanson discusses his National Review article "America’s First Third-World State."

Analysis and Commentary

Political Power And Electrical Power Are Inextricably Linked. Ask Arnold Schwarzenegger

by Markos Kounalakisvia Miami Herald
Thursday, June 20, 2019

Earlier this millennium, a series of power brownouts and blackouts in California led to the recall of a sitting governor and a special election for his replacement: Arnold Schwarzenegger. Argentina’s leadership is running for reelection this October, and if it can’t keep the lights on, it may not be welcomed back to power.

The StateAnalysis and Commentary

Twenty-Five Years After O.J.’s Car Chase, The Wheels Keep Turning In California

by Bill Whalenvia California on Your Mind
Thursday, June 20, 2019

Among the dates that stand out on the California calendar: 9/11, the day that America was struck by its deadliest act of terrorism (the California connection: all four commercial airliners were originally headed to Los Angeles or San Francisco); and 4/20, the worldwide celebration of marijuana smoking (the California connection: the ritual may or may not have begun at a Northern California high school).

In the News

Redefining Who Is In Poverty Could Bump Thousands From Medi-Cal

quoting Charles Blahousvia Capital Public Radio
Wednesday, June 19, 2019

California’s push to give everyone access to affordable health insurance could be disrupted by a federal plan to change the standards for poverty, according to analysts.

In the News

VDH On How Liberalism Destroyed California

quoting Victor Davis Hansonvia Rush Limbaugh Show
Tuesday, June 18, 2019

Victor Davis Hanson was on with Chatsworth Osborne Jr. last night on the Fox News Channel. And I want to play these two bites. Victor Davis Hanson lives in California as a farmer. He lives and works, he lives on a farm not far from Fresno. And he knows the circumstances of life away from the coast. But he also works at the Hoover Institute, which is a Never Trumper conservative think tank at Stanford in Palo Alto, and he goes there occasionally.

Golden Gate Bridge in San Francisco, California
Analysis and Commentary

Ominous News From The San Francisco Fed

by David R. Hendersonvia EconLog
Tuesday, June 18, 2019

And you thought the Fed was just about monetary policy. The Federal Reserve Bank of San Francisco wants banks to get extra credit for making loans that help communities adapt to climate change and prepare for future natural disasters.

In the News

Bernie Sanders Calls For 'Fundamental Change' To US Economy, 'Economic Bill Of Rights'

quoting Niall Fergusonvia International Business Times
Tuesday, June 18, 2019

Confident that he is the strongest Democratic candidate to square off with President Donald Trump in 2020, Sen. Bernie Sanders, I-Vt., took his message for fundamental change in the economy and politics to Fox News on Sunday.

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