As Breitbart News reported in “Pot Tax: Sacramento Politicians ‘Jonesing’ for a Spending Fix,” the Democrat-controlled California Legislature is desperate for marijuana taxes, which could arise from a 2016 ballot initiative legalizing marijuana, in hopes of gaining a consistent new tax revenue source. But the California Department of Fish and Wildlife estimates that illegal pot growing is drying up watersheds and causing some at-risk fisheries to approach collapse.
China’s stock market suffered an 8.48% crash on Monday that humiliated the country’s leadership and will almost certainly cause a major Communist Party crisis.
Progressive New York Mayor Bill de Blasio’s supposed effort to end social inequality by crushing Uber was curbed last week when his liberal city council allies were blindsided by a viral millennial generation revolt in favor of the ride-sharing app.
Sold to the public as a way to increase competition and save the average American family $2,500 a year, Obamacare actually created monopoly pricing for the insurance industry that allowed premiums to rise by $2,500 and tripled the value of their stocks.
With Sacramento politicians desperate to find a new source of continuous tax revenue, the state’s Blue Ribbon Commission on Marijuana Policy has just published a study, “Pathways Report Policy Options for Regulating Marijuana In California,” as a precursor to sponsoring a 2016 ballot initiative to legalize recreational pot use.
In a throwback to the antebellum era, popular photo-sharing services, from Flickr and Google Photos, have publicly come under assault for their software algorithms tagging photos of black people as gorillas and apes. But this just highlights the growing risk that “learning machines” may learn to develop human biases and even criminal tendencies.
The Internal Revenue Service is trying to recover from allegations of obstruction of justice regarding Lois Lerner’s regarding purported biased recommendations that targeted conservative groups for audit and prevented Tea Parties from gaining not-for-profit status. Now, the IRS just appointed three relatively inexperienced managers to serve as the gatekeepers for reviewing 501(c)4 “dark money pools” and their political activity, according to an agency memo leaked to the OpenSecrets Blog.
In its last quarter that will be impacted by innovation on Steve Jobs’ watch, Apple booked strong quarterly revenue and earnings yesterday. But the company had to admit that existing Apple customers were slow to upgrade to new iPhone releases and Apple as a status symbol in China may be coming to an end. The stock plunged by -10 percent, or about $80 billion, before recovering somewhat today. But as Breitbart News warned last month, ‘Apple Products: Without Steve Jobs, the Thrill is Gone.’
On July 4, Two Russian Tu-95 Bear Bombers, which can carry nuclear warheads, flew within 40 miles of the Northern California Coast around the time Russia’s President Putin and America’s President Obama conducted a private telephone call that the Kremlin referred to as an effort to “find solutions” to international issues.
The San Diego County Water Authority not only won $190 million last week from the Metropolitan Water District of Southern California, but may have also won $2 billion in future costs savings and another 5 percent of all “Met” water that is currently being wholesaled to the other 25 other Southern California water districts.
In an almost unheard-of action for a Wall Street investment banking firm, UBS downgraded Tesla Motors Inc. (TSLA-$267.39) to a “sell”, driving the price of the shares down 5.5 percent, or -15.49.
After an 18 year “vacation,” Dunkin’ Donuts is returning to California with a vengeance. The Canton, Massachusetts-based company has already opened ten stores in the state, has just announced nine in the Bay Area, and expects to eventually have 1,000 stores in California.
California Governor Jerry Brown will take his utopian foreign policy to the Vatican to participate this week in an environmental summit hosted by Pope Francis. Despite California’s majority Democrats’ intention to banish celebrations of Catholic missionary Father Junipero Serra’s accomplishments, Brown will carry a state resolution supporting Pope Francis’ recent draft “Encyclical on Climate Change.”
It is not surprising that hackers broke into the UCLA’s health system to try to gain access to some of the 4.5 million patients’ records, given the sheer scale of personal health data that has been compromised. But what is shocking is that those records were never protected with a basic encryption, and lost laptops were not required to be reported. Although UCLA said there was no evidence at this time that any patient files were taken, the investigation is ongoing.
The majority of American teenagers learned valuable life lessons about earning money and taking responsibility from the end of World War II until a series of immigrant amnesties in the late 1990s started replacing them with cheap immigrant labor.
With Greece defaulting on its debt, the press has been full of complaints that the lazy Greeks would like to live off of welfare and government handouts rather than work.
California Public Utilities Commission (CPUC) Chief Administrative Law Judge Robert Mason recommended that ride-sharing service Uber be suspended from operating in California for 30 days and fined $7.3 million for wilfully violating its 2013 CPUC settlement by failing to provide data proving that Uber and its California drivers do not discriminate on the basis of ethnicity, neighborhood or medical disability in picking up passengers.
When Breitbart News published “Ellen Pao Out As Reddit CEO, Blames Site’s Users” recently, we received kudos from Reddit users for understanding it was Poa’s actions aimed at limiting users’ free speech in order to make the site more advertiser friendly that caused a user rebellion. But the business press continues to blame users, in articles such as the San Francisco Chronicle’s “Ellen Pao’s Ouster Shows Reddit CEO can’t Function under Mob Rule.”
The final version of the California Council on Science & Technology study required under interim approval of hydraulic fracturing in the Golden State just reported that despite public concerns, there is no “science-based evidence” that fracking hurts the environment.
Microsoft’s dumping of 7,800 employees and taking a $7.6 billion write-down related to its purchase of Nokia’s phone manufacturing operation was a cheap price to pay to vanquish the ghost of the Steve Ballmer era.
After Bernie Sanders’ Face the Nation interview lit up the progressives ethosphere this weekend with dreams of a true warrior willing to attack “casino capitalism,” a seemingly sleep-deprived Hillary Clinton gave a passionless economic policy speech on Monday that supposedly highlighted her concerns, such as “The young entrepreneur who’s dream of buying the bowling alley where he worked as a teenager.”
GasBuddy started an emergency petition on Friday calling on Governor Brown to obtain an EPA waiver to prevent gasoline price increases of at least 50-cents a gallon in Southern California and 30-cents in Northern California.
With Los Angeles receiving small amounts of rain on three separate days last week, red crabs washing ashore in Orange County, and three simultaneous typhoons in the western Pacific Ocean in early July, El Niño (“little boy”) is beginning to crank up
California has always had problems with homes being damaged due to earthquakes. But heavy draining of groundwater over the last four years of a persistent drought is magnifying ground subsidence that it is already destroying infrastructure and homes in the Central
Local media is reporting that Chinese nationals are selling homes to cover stock losses after China’s stock market took a 30 percent crash, and 58 percent of the nation’s 2800 issues are suspended from trading for up to six months.