Michigan Governor Snyder Vetoes Concealed Carry in Public Schools Bill

By: Tuesday December 18, 2012 1:40 pm

Embattled Michigan Governor Rick Snyder vetoed ill-timed legislation that would have allowed experienced gun owners to carry concealed weapons in public schools. This is among the first tangible impacts of the mass shooting at Sandy Hook Elementary School in Newtown, Connecticut. The bill was delivered to Snyder’s desk early Tuesday afternoon and he vetoed it [...]

CA AG Harris: Law Enforcement Doesn’t Have to Comply With Secure Communities

By: Wednesday December 5, 2012 9:15 am

California Attorney General Kamala Harris has told law enforcement officials in the nation’s largest state that the Secure Communities program of the Department of Homeland Security is optional. It was Harris’ first public assessment of Secure Communities. Under the program launched in 2008, all arrestees’ fingerprints are sent to immigration officials, who may ask police [...]

The Anti-Due Process Bias of Housing Reporters and Analysts

By: Monday November 19, 2012 7:50 am

Existing-home sales rose 2.1% in October, with the number coming in slightly above expectations, although the previous month’s numbers were revised down. Inventory has decreased 21% year-over-year (in no small part due to structural factors like trapped borrowers not putting their houses on the market, as well as artificial constraints on supply from banks keeping [...]

JPMorgan Chase, Credit Suisse Don’t Have to Admit Wrongdoing in Another SEC Settlement

By: Friday November 16, 2012 2:45 pm

In another in a long line of weak settlements where the perpetrators of fraud don’t have to technically say whether or not they’ve committed it, the Securities and Exchange Commission reached agreement with JPMorgan Chase and Credit Suisse on a collection of violations related to the handling of mortgage backed securities. JPMorgan Chase and Credit [...]

California Begins Cap and Trade Auction

By: Wednesday November 14, 2012 9:15 am

California ushers in a new era today with one of the the first greenhouse gas emission auctions in the United States. The state passed the Global Warming Solutions Act in 2006, and six years later, the cap and trade program on carbon emissions in the law is operational and ready for action. More than six [...]

California Nabs 2/3 Majority as Voter Universe Changes

By: Wednesday November 7, 2012 7:08 am

Just to pick up on what happened in my neck of the woods out here in California. It turned out to be a great night. The tax revolt is dead, or at least not a binding religious totem, the way it was described here for the last 35 years. Prop 30, which temporarily raises income [...]

Vote By Mail Clearly the Best Solution to Getting Hundreds of Millions of Americans to Vote

By: Tuesday November 6, 2012 11:24 am

So, I voted. I don’t remember the exact day, but it was sometime in early October. California allows residents to sign up for permanent vote-by-mail. They get their ballot a month in advance and can then mail it back in. You can vote with all the materials in front of you, you don’t have to [...]

The Most Important Vote in America – Ending the Tax Revolt in California

By: Tuesday November 6, 2012 7:52 am

Everyone (OK, every geek like me) has their own favorite downballot race or ballot initiative they’re watching in this election. I definitely think Elizabeth Warren ascending to the US Senate would be a truly unique thing. There are a couple bellweather races in the Senate (I think North Dakota will show the power of ideology [...]

Failure of California’s Prop 30 Would Mean More State-Level Austerity on a Grand Scale

By: Thursday October 25, 2012 2:44 pm

Hopes that we are at the end of the cycle of state budget cutbacks dragging on overall growth may be dashed if Proposition 30, a measure that would increase taxes mostly on the wealthiest Californians making over $250,000, fails at the ballot box in two weeks. And two polls out today find support tanking for [...]

California’s Competing Tax Measures Could Sink Both

By: Wednesday October 10, 2012 7:45 am

There are actually three tax measures on the statewide ballot. Prop 39 concerns a corporate tax loophole, and would dedicate the revenue from closing it to energy projects. That exists separately from Brown’s measure, and so both Prop 30 and Prop 39 could pass under the law. But Prop 38, promoted by millionaire lawyer Molly Munger, is a different animal. Munger’s proposition would increase overall state income tax rates to pay for schools and early childhood education. It conflicts with Brown’s increase on just the top tax rates (along with a small 1/4 cent increase in the state sales tax). So both measures cannot pass; if they both cross the 50% threshold, whichever proposition gets the most votes will get implemented.

Why California’s Gas Prices Have Skyrocketed

By: Monday October 8, 2012 12:07 pm

Brad Plumer has a decent enough explanation of why gas prices have soared in California over the past week or so. Being a California resident, perhaps I can provide a bit more insight into how this has played out on the ground. Professor James Hamilton explains that a series of refinery and pipeline shutdowns, and [...]

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