Economy

Payroll Employment Down By 20.5 Million In April, California Hardest Hit State Amidst COVID Lockdowns

The U.S. Bureau of Labor Statistics (BLS) issued its official employment report for April—or, in this season of COVID-19, more appropriately, the unemployment report. The topline is that nonfarm payroll employment fell by 20.5 million jobs, with the unemployment rate jumping 10.3% to 14.7%, the highest one-month jump since these statistics started being tallied in 1948. Some...

May 8, 2020
Economy

Super Tuesday’s biggest prizes are CA and TX – here’s what to watch for in those states

After the warmup contests in Iowa, New Hampshire, Nevada and South Carolina, 14 states and the territory of American Samoa are voting on Super Tuesday. California and Texas will award 48 percent of the delegates that day. Providing some perspective to the size of these two states, their most-populous counties, Los Angeles (10.1 million) and Harris (4.7 million), have a combined...

March 3, 2020
Taxes & Spending

California’s High-Speed Rail Project: Devolving From Political Pork, To An Ego Monument, To Trump Resistance

The narrow passage of a nearly $10 billion high speed rail plan in California marked a triumph of pay-to-play ballot box corporate cronyism—otherwise known in politics as pork. Groups ranging from train manufacturers to multinational construction companies to trade unions brought the government train idea to the California Legislature back in the mid-1990s. Initially intended...

February 26, 2020