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Jerry Brown Wants 42% Gas Tax Hike to Bail Out CalPERS

Despite tax collection increasing by 50 percent in the last 9 years, California’s public pension insolvency is forcing Gov. Jerry Brown to propose a dangerously unpopular 42 percent increase in gasoline taxes and a 141 percent increase in vehicle registration fees.

F-35

Lockheed CEO Pledges 1,800 New Jobs, Lower F-35 Costs

The CEO of the aerospace defense company Lockheed Martin, Marillyn Hewson, pledges to create an additional 1,800 jobs and significantly reduce the high cost of F-35 Joint Strike Fighter program previously criticized by President-elect Donald Trump.

Sam the Eagle Los Angeles Olympics (Getty)

Study: 2024 Olympics Would Boost L.A. Economy by $9.5 Billion

Despite many cities hosting the Olympics facing bankruptcy in the aftermath, a new study by Beacon Economics LLC and UC Riverside predicts that the Los Angeles area would see an $9.5 billion economic boost and generate $4.4 billion in worker earnings if the city is awarded the 2024 Summer Olympics.

Los Angeles skyline (Joel Pollak / Breitbart News)

Downtown L.A. in Biggest Building Boom since 1920s

Breitbart News recently noted that the average monthly rent for a one-bedroom apartment in Santa Monica is the most expensive in the nation at $4,799.20. But it is not just Silicon Beach that is booming: the Los Angeles downtown business district (DBD) is in its biggest residential building boom since the 1920s.

Irfan Khan/Los Angeles Times via Getty Images

Claim: Obamacare Repeal Could Hurt California

The Milken Institute School of Public Health at George Washington University has estimated that from a public sector viewpoint, repealing Obamacare would cost the State of California $20.7 billion in federal funding and eliminate 334,000 jobs.