While the Golden State struggles with the aftershock of its elevated fast-food minimum wage – California-based Rubio’s Coastal Grill, home of the fish taco, is filing for bankruptcy – and the legislature has to deal with the approaching deadline for a new state budget, which invites fiscal and policy skullduggery. Hoover senior fellow Lee Ohanian and distinguished policy fellow Bill Whalen, both weekly contributors to Hoover’s California on Your Mind web channel, discuss the latest news in the Golden State including a nascent 2026 governor’s race (will vice president Kamala Harris “pull a Nixon” and give it a go?), plus a fond remembrance of the late Bill Walton – native San Diegan, UCLA basketball legend, citizen activist – who passed away just days after his beloved Pac-12 Conference likewise bid farewell.
Ross Levine, a colleague at Hoover, is a wonderful addition, a senior fellow, former professor 00:00 --> 00:12at Berkeley, and I guess that's okay, a co-director in the Hoover Working Group on Financial Markets,
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Financial Regulation, I should say.
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Yep.
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And the title of the paper is Environmental Liabilities, Borrowing Costs and Pollution
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Revention Activities, the Nationwide Impact of Apex Oil Ruling.
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So thank you so much for being here, and we have lots of questions.
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Thank you for inviting me.
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This is the first time I present it, so it will not be as polished as many of you have
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come to expect here, and I look forward to getting comments to make the paper better.
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I think there'll be some legal elements to this that I've done my best
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to become expert in, but I'm sure I haven't gotten there, so tell me when I'm wrong.
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So it's always good to start with a quote from an old dead white guy.
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So, you know, this issue of the tragedy of the commons is not new, as Aristotle points
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