Public Banking and the Slow Takeover of the Private Sector
If the governor says okay, we will soon see public banks established in local jurisdictions pop-up around California, another step of government officials invading the private sector. The legislature sent to Governor Newsom AB 857 by Assembly members David Chiu and Miguel Santiago to allow for the creation of public banks, controlled by local government […]
California Democrats Are Embracing Real Political Reform
Good news. The California Democratic Party is embracing real, smart political reform—even though such reforms are not in the party’s political interests. Late last month, the party executive board adopted support for two sets of reforms. The first involves representative democracy. Specifically, the executive board comes out in favor of proportional representation and multi-member districts, […]
Who’s in, who’s out of AB 5?
Doctors, real estate agents and hairdressers can keep their independent contractor status. But not truckers, commercial janitors, nail salon workers, physical therapists and — significantly — gig economy workers, who will gain the rights and benefits of employees in California under sweeping workplace legislation passed Wednesday. Gov. Gavin Newsom has committed to signing the bill, […]
The Enemies of American Infrastructure
Between 2008 and 2019, China opened up 33 high speed rail routes, connecting 39 major cities along four north-south and four east-west main lines. The 18,000 mile network runs trains at an average speed of around 200 miles per hour. By 2030, the Chinese expect to double the mileage of their high speed rail network […]