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State Budget Update – Nonpartisan Analyst Says May Revise Puts State on Path to Serious Budget Problems

Now that the calendar page has turned to June, it’s crunch time for lawmakers and the Governor to reach a budget agreement before the June 15 constitutional deadline to pass a balanced budget. However, a new multi-year analysis of the state budget’s picture released last week suggests that enacting the ...
Business & Economics

Matthew Hennessey – Visible Hand

Wall Street Journal opinion editor Matthew Hennessey joins us to discuss his new book “Visible Hand,” which breaks down what young people and all Americans should know about economics thanks to some important lessons taught by his parents who bought and operated a bar, his high school soccer coach who ...
Business & Economics

Here’s why gas prices could skyrocket again

We’re all looking for relief from record-high gas prices these days. Gas prices are the highest in the United States history at a nationwide average of $4.59 as of May 19, according to AAA. Many states surpass this average with California at $6.050, Nevada at $5.224, Washington at $5.148, and ...
Agriculture

Beating Back Inflation: Team Reagan vs. Team Biden

Last week, the U.S. Labor Department reported that the consumer price index (CPI), a broad measure of the prices for everyday items like groceries, rents, and gas rose 8.3 percent in April from a year ago, just below March’s surge of 8.5 percent. Could this be a sign that inflation ...
Business & Economics

Erik Jaffe – Supreme Court Preview

Erik Jaffe, PRI adjunct fellow in legal studies and one of the nation’s top constitutional lawyers, joins us to give his reaction to the Supreme Court “leak” and previews the major cases that will be decided in the coming weeks.
Blog

The May Revise: Two Big Questions Overshadow Newsom Spending Plan

On Friday, Gov. Gavin Newsom released the “May Revise” of his 2022-23 state budget plan, officially kicking off the race to pass a balanced budget before the June 15th constitutional deadline.  There were two major questions for Newsom as he released his revised budget plan. First, when are we going ...
Blog

Baby Formula Crisis Exemplifies the Danger of Protectionism

Parents across the United States are becoming increasingly frantic as the baby formula shortage worsens. To the chagrin of parents looking for answers, the shortage has devolved into a circuitous blame game. Last week, outgoing White House Press Secretary Jen Psaki pointed her finger at the manufacturers for not keeping ...
Business & Economics

NEW BRIEF: City and State Climate Change Lawsuits Drive Up Gas Prices, Discourage Clean Energy Innovation

SACRAMENTO – City and state climate change lawsuits discourage private sector innovation required to meet America’s clean energy goals – and expensive judgements in these cases can increase gas prices by 31-cents per gallon, finds a new issue brief released today by the nonpartisan Pacific Research Institute.   “Sustainably addressing ...
Business & Economics

Kerry Jackson Quoted in Associated Press on Newsom’s New Minimum Wage Increase in January

Pacific Research Institute’s, Kerry Jackson, was quoted in the Associated Press on Governor Newsom’s $15.50 per hour minimum wage increase set to take place January of 2023: The increase will impact smaller companies the most, which will see the minimum wage jump $1.50 in January. Kerry Jackson, a fellow at the ...
Blog

Been There, Done That on Attacking Charter Schools

Been There, Done That on Attacking Charter Schools Inspired by a recent California law, the Biden Administration has proposed federal regulations that would require new charter schools to “demonstrate community need” before being approved, and also restricts the ability of new and existing charter schools to receive federal funds. California ...
Blog

State Budget Update – Nonpartisan Analyst Says May Revise Puts State on Path to Serious Budget Problems

Now that the calendar page has turned to June, it’s crunch time for lawmakers and the Governor to reach a budget agreement before the June 15 constitutional deadline to pass a balanced budget. However, a new multi-year analysis of the state budget’s picture released last week suggests that enacting the ...
Business & Economics

Matthew Hennessey – Visible Hand

Wall Street Journal opinion editor Matthew Hennessey joins us to discuss his new book “Visible Hand,” which breaks down what young people and all Americans should know about economics thanks to some important lessons taught by his parents who bought and operated a bar, his high school soccer coach who ...
Business & Economics

Here’s why gas prices could skyrocket again

We’re all looking for relief from record-high gas prices these days. Gas prices are the highest in the United States history at a nationwide average of $4.59 as of May 19, according to AAA. Many states surpass this average with California at $6.050, Nevada at $5.224, Washington at $5.148, and ...
Agriculture

Beating Back Inflation: Team Reagan vs. Team Biden

Last week, the U.S. Labor Department reported that the consumer price index (CPI), a broad measure of the prices for everyday items like groceries, rents, and gas rose 8.3 percent in April from a year ago, just below March’s surge of 8.5 percent. Could this be a sign that inflation ...
Business & Economics

Erik Jaffe – Supreme Court Preview

Erik Jaffe, PRI adjunct fellow in legal studies and one of the nation’s top constitutional lawyers, joins us to give his reaction to the Supreme Court “leak” and previews the major cases that will be decided in the coming weeks.
Blog

The May Revise: Two Big Questions Overshadow Newsom Spending Plan

On Friday, Gov. Gavin Newsom released the “May Revise” of his 2022-23 state budget plan, officially kicking off the race to pass a balanced budget before the June 15th constitutional deadline.  There were two major questions for Newsom as he released his revised budget plan. First, when are we going ...
Blog

Baby Formula Crisis Exemplifies the Danger of Protectionism

Parents across the United States are becoming increasingly frantic as the baby formula shortage worsens. To the chagrin of parents looking for answers, the shortage has devolved into a circuitous blame game. Last week, outgoing White House Press Secretary Jen Psaki pointed her finger at the manufacturers for not keeping ...
Business & Economics

NEW BRIEF: City and State Climate Change Lawsuits Drive Up Gas Prices, Discourage Clean Energy Innovation

SACRAMENTO – City and state climate change lawsuits discourage private sector innovation required to meet America’s clean energy goals – and expensive judgements in these cases can increase gas prices by 31-cents per gallon, finds a new issue brief released today by the nonpartisan Pacific Research Institute.   “Sustainably addressing ...
Business & Economics

Kerry Jackson Quoted in Associated Press on Newsom’s New Minimum Wage Increase in January

Pacific Research Institute’s, Kerry Jackson, was quoted in the Associated Press on Governor Newsom’s $15.50 per hour minimum wage increase set to take place January of 2023: The increase will impact smaller companies the most, which will see the minimum wage jump $1.50 in January. Kerry Jackson, a fellow at the ...
Blog

Been There, Done That on Attacking Charter Schools

Been There, Done That on Attacking Charter Schools Inspired by a recent California law, the Biden Administration has proposed federal regulations that would require new charter schools to “demonstrate community need” before being approved, and also restricts the ability of new and existing charter schools to receive federal funds. California ...
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