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AP Photo/Mark Lennihan

Just How Overvalued are U.S. Stocks?

The average price-earnings ratio (PE) of US stocks is at 25.5, versus a 16.6 historical average. That means that the stock market is currently 51 percent overvalued. But the challenge for this simple formula is that with all-time low interest rates forcing down bond yields, we are in uncharted territory.

AP Photo

UN: El Niño’s Gonna Rock

The El Niño currently forming in the Pacific Ocean could potentially be the strongest weather pattern of its kind since 1950, the United Nations’ World Meteorological Organization (WMO) predicted Tuesday.

Mirkarimi (Matt Baume / Flickr / CC / Cropped)

Kate Steinle Family to Sue S.F. Sheriff, Govt. Agencies

The family of slain San Francisco resident Kate Steinle announced plans Tuesday to pursue legal action against San Francisco Sheriff Ross Mirkarimi and two government agencies for the murder, allegedly by an illegal alien, that drew the attention of the nation and spurred the introduction of “Kate’s Law.”

UCBERK

CA Assembly Passes Bill To Repeal Campus Carry

On September 1, California Assembly members voted 42 to 23 to repeal an exemption that currently allows concealed carry permit holders to carry their guns on college and university campuses for self-defense.

Aladdin Bail Bonds (Quinn Dombrowski / Flickr / CC / Cropped)

Bail Bonds Agents Busted

Thirty-one bail bonds agents have been arrested by law enforcement officers working with the California Department of Insurance and the Santa Clara County District Attorney’s Office.

Chinese boy (Wang Zhao / AFP / Getty)

China’s 24M More Boys than Girls: Recipe for Revolution

China faces a crisis of at least 24 million boys that will never find a mate due to tens of millions of female infanticides during China’s 34 years of one-child “policy” to restrict population growth. With at least 10 percent of China’s young men never being able find a spouse, these “bare branches” may direct their anger at the authorities.

Uber (Reuters)

Uber Now Faces California Class Action Lawsuit

U.S. District Judge Edward Chen, a Barack Obama appointee, granted class action status to a lawsuit claiming Uber Technologies Inc. illegally classifies its on-call drivers as independent contractors, rather than employees with rights and benefits.

ICE Officers Apprehend Mexican Fugitive Immigration and Customs Enforcement

244 Illegal Aliens Rounded up in California

Over 240 illegally present foreign nationals, including previously deported sexual offenders, were taken into custody over the course of four days last week when U.S. Immigration and Customs Enforcement (ICE) officials out of the Los Angeles area conducted an operation in California’s Southland.

Gay Mexico (Pedro Pardo / AFP : Getty)

First Same-Sex Marriage in Tijuana

Last week, same-sex marriage came to Tijuana, as Baja California’s largest city was the site of the nuptials between designer Luis Vargas, 48, and businessman Michael Bujazán, 71.

Kathryn Steinle (Screenshot / Facebook)

Counties Edge Away from ‘Sanctuary’ Policies in Wake of Kate Steinle’s Murder

A small handful of counties have moved to begin cooperating with U.S. Customs and Immigration Enforcement (ICE) to hand over illegal aliens, according to the San Jose Mercury News. Their decisions come in the wake of Kathryn Steinle’s shooting death, allegedly at the hands of illegal alien and convicted felon, Juan Francisco Lopez-Sanchez of Mexico.