Columns

Chart shows stock-market not at new highs
With the stock market soaring again, it seems that happy days are here again for the economy. Except a new Chart of the Day shows that the Dow Jones Industrial Average, when charted against the price of gold -- the only real money -- is nowhere near record territory.     This ...
Gov. Brown’s legal strategy to prop up bullet train faltering
Last week's decision from a state appeals court to issue a summary judgment denying the Brown administration's unusual request to block a second trial in which Kings County and other plaintiffs challenge California's high-speed rail project bodes terribly for the governor's overall legal strategy. T...
CA Republicans ‘stand with sriracha’
The debate over a hot sauce factory is spicing up California politics. After a small number of complaints over the factory's alleged smell, the city of Irwindale recently voted to declare Huy Fong Foods, makers of the popular sriracha condiment, a public nuisance. For state Republicans, tha...
Supreme Court effectively upholds CA affirmative-action ban
Today the U.S. Supreme Court upheld Michigan's ban on affirmative action. Justice Anthony Kennedy wrote: "There is no authority in the federal constitution or in the [courts'] precedents for the judiciary to set aside Michigan laws that commit to the voters the determination whether racial preferen...
Sen. Steinberg dumps carbon tax idea
State Senate President Pro Tem Darrell Steinberg, D-Sacramento, has given up on his plan to replace California's cap-and-trade law with a carbon tax on vehicles. At first, Steinberg wanted to simplify the way California regulated emissions. To do so, he suggested that revenue from a gas tax co...
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