Housing Report: Blame Ourselves, Not Our Stars
/in California, ReportsNo issue plagues Californians more than the high cost of housing. By almost every metric—from rents to home prices—Golden State residents suffer the highest burden for shelter of any state in the continental U.S. Its housing prices are, adjusted for income, as much as two to three times higher than those in key competitive states, such as Florida, Texas, Tennessee, and North Carolina, and neighbors like Arizona and Nevada.
The Governor’s Gambit
/in California, PoliticsMany conservatives may see Gavin Newsom as the epitome of the progressive Left, with some even calling his policies “communist.” But the policy preferences of the California governor (whose presidential ambitions are evident) represent something more plausible and thus more dangerous: a blending of Peronist income redistribution coupled with the fanatically “green” authoritarian agenda embraced by the state’s dominant tech oligarchy, public-employee unions, and climate activists. Read more
Can California Be Saved?
/in California, PoliticsSome conservatives regard California as a lost cause, its economy and society doomed to decline. Yet despite its awful regulatory regime, the state retains its natural bounty and an edge in many key industries. Read more
Gavin Newsom Meets Reality with California’s Budget Deficit
/in California, PoliticsGavin Newsom, the would–be president many Democrats hope might be an alternative to the current dodderer–in–chief, has landed himself in hot water. Once an enthusiastic backer of just about every progressive cause, the California Governor must now cope with a budget deficit Read more
The End of the Silicon Valley Dream
/in CaliforniaIt is difficult, given what Silicon Valley has become, to convey exactly what it was like in the 1970s and ‘80s. It was a remarkable center of technology, but also the embodiment of the spirit of capitalism at its very best, as epitomized by garage start-ups like Apple. Greed, of course, is always a human motivation, but the early Valley culture was created by entrepreneurial outsiders who genuinely wanted to make the world better.
Restaurant Revolution
/in California, The EconomyNokmaniphone Sayavong started her business, Nok’s Kitchen, during the worst of times—the Covid pandemic—and in a state that often treats small businesses with the delicacy of a cat torturing a mouse. Yet she has found a way to thrive. Read more
The SVB Collapse Marks the End of the Silicon Valley Era
/in California, The EconomyThe collapse of Silicon Valley Bank, the second largest in US history, is raising concerns about a “contagion” that could trigger a financial panic. Read more
California’s Budget Deficit Spells Trouble
/in California, The EconomyJust a year ago California Governor Gavin Newsom could, and did, brag about the state’s estimated $100 billion surplus. Flush with cash, the preening presidential hopeful was able to hand out thousands of dollars of goodies to households while financing an elaborate multi-billion dollar climate change agenda. Read more
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