Maybe California Should Buy Nevada
Blending a couple of disparate recent news stories could produce a solution to a situation some California legislators find disturbing. Let’s start with the answer and work backward: California should buy Nevada, or maybe lease it for a while. Step back. Think of the recent noise raised about President Trump’s suggestion that the United States […]
Faulty Business Model, Other Factors Contribute to Recycling Company Failure
California’s Beverage Container Recycling Program has long been in need of comprehensive reform, but the recent closure of the rePlanet recycling centers statewide was principally the result of other factors, including its own faulty business model, rising costs, volatile scrap prices, and burdens and restrictions imposed by local governments on recycling center operations. rePlanet also […]
Potemkin Pension Accounting
Pension liabilities reported by California’s largest pension fund (CalPERS) rose nearly 5x in just 20 years, from less than $100 billion in 1997 to nearly $500 billion by 2017. Those liabilities were not approved by voters. They simply showed up.
California’s political equivalent to Iowa’s corn ethanol? Democratic presidential wannabes haven’t found it yet
When presidential candidates spent time in Iowa (and they spend a lot of time in Iowa), they are expected to ingratiate themselves to the state’s 2.1 million registered voters by chowing down on deep fried foods and spending plenty of time talking about grain growing, trade policy and corn ethanol. With California Democrats now scheduled […]