We’ve recently said that Elon Musk’s tunnel-boring project could be the potential foundation of a hyperloop transportation system. But as is too often the case in California, a reasonable objective has been sidelined by outrage. Musk has abandoned the project that began near his SpaceX...
Rowena Itchon - Highlights from a Tribute to an American Hero https://www.youtube.com/watch?v=Mn6X7U1INEg For those of us who spend much of our day behind a desk and not able to watch Pres. George H.W. Bush’s funeral, here are some highlights. Tim Anaya - A 38 Year Old Interviews Shows...
I just returned from my annual Thanksgiving family trip to Hawaii where it was Day 40-something of a hotel workers’ strike at the Royal Hawaiian Hotel. I had a hunch something was amiss when our Uber driver pulled into the driveway and a lone young...
California’s public pensions are in trouble. While the Pew Charitable Trusts reports that California’s current unfunded liabilities are nearly $170 billion, as I recently reported in my chartbook on California’s pension crisis, the crisis is much worse. Valuing the liabilities using a more realistic market...
As I write this article in late November of 2018, the stock market has fallen significantly from its recent highs. These losses, which have erased nearly all the gains made thus far in 2018 push us toward official correction territory for both the DOW and...
When San Franciscans went to the polls on Nov. 6, they knew in advance what the consequences are likely to be if an initiative to tax corporations to fund services for the homeless was approved. Yet they passed it anyway. Nearly 61 percent voted for Proposition...
Tim Anaya - A Portrait Unveiling Fit for a Tax Cutter https://www.youtube.com/watch?v=2yx5g1SQTJ4 House Speaker Paul Ryan is retiring this month from Congress. A life-long advocate for lower taxes and free-market policies, his favorite role in Congress was not as Speaker, but as chair of the House...
An audit of the California bullet train released the Friday before Thanksgiving should make reasonable people wonder why the project wasn’t killed long ago. For instance, the office of State Auditor Elaine Howle says the high-speed rail has enough funding to complete its initial segments, but...
Ever since Democrats won control of the U.S. House of Representatives, many have speculated whether President Trump and Democrats be able to make a deal on something big. With Democrats saying that they aren’t afraid to use their newfound-subpoena powers against the Trump Administration, the prospects...
If you are reading this blog, there’s a good chance that you have generously donated to PRI, attended one of our recent events, or shared our research with your friends and colleagues. Our work would not be possible without the support of individuals who share...