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Economics

Teamsters Hoffa (Phil McCarten / Reuters)

Teamsters’ Domino Effect Organizes Silicon Valley

The Teamsters Union, representing shuttle bus drivers for tech companies, have kicked up pay for drivers from $18 dollars an hour to $25 after signing contracts with Apple and other Silicon Valley companies, part of a “domino effect” to organize the tech sector.

Reuters / Max Whittaker

CalPERS vs. Jerry Brown over Pension Contributions

The CalPERS Board voted to refuse California Gov. Jerry Brown’s modest demand to decrease their expected pension investment returns by a tiny 0.2% year, because the impact would have increased pension contribution costs by about $1.2 billion across nearly 800,000 employees–about $125 per month, on average.

government borrowing

Britain Sees Worst October For Government Borrowing Since 2009

LONDON – British public finances recorded the worst deficit for any October since 2009, leaving Chancellor George Osborne (pictured above) a challenge to meet his borrowing goals as he prepares a major review of government spending. Britain’s headline public borrowing rose

Jimmy Panetta (Pablo Martinez Monsivais / Associated Press / Pool)

Panetta’s Son Runs for Congress, Opposes TPP

Jimmy Panetta has his sights set on taking back the 20th district congressional seat once held by his father Leon Panetta, who recently served as Secretary of Defense in the Obama administration. The incumbent, Democrat Sam Farr, is retiring.

AP Photo

Ethanol Loses Its Few Friends

Early in his campaign, now top-tier Republican presidential candidate, Ben Carson, supported ethanol—a position for which I called him out. It has long been thought, that to win in Iowa, a candidate must support ethanol. However, in a major policy reversal, Carson told a national audience during the CNBC GOP debate that he no longer supports subsidies for any industry, including U.S. ethanol producers.

California snow (Rich Pedroncelli / Associated Press)

El Niño Rain, Snow Lost to Lack of Infrastructure

Despite El Niño generating three times the amount of snow in Mammoth in the first half of this month as it did for the entire month of November last year, California’s failure to build infrastructure means most rain will be lost to run-off and flooding.