Business & Economics
Business & Economics
California Dreaming: Money for Nothing in the Golden State
California, a left-coast state, shows its isolation from common sense in many ways, including the latest developments at the California Institute for Regenerative Medicine (CIRM), the state’s taxpayer-funded institute for stem cell research. Created by Proposition 71 in 2004, CIRM is spending $3 billion in bond money on the embryonic ...
Business & Economics
Give A Convict A Job
Never has it been more evident that California is in a downward spiral on the verge of economic, social and political collapse San Francisco is now pushing to make convicted criminals a protected class so that prospective employers cannot inquire about criminal records. An already precarious business climate in ...
Business & Economics
Making public pay for budget cuts
Sacramento – Last year, one of my reporters and her adult son were walking in downtown Sacramento when a couple of young toughs tried grabbing her purse. She pulled back her purse, and the robbers lunged at the two of them, leaving the son’s face covered in blood. Despite a ...
Business & Economics
The Alameda incident: ‘First responders’ who don’t
On Memorial Day, a suicidal man waded into San Francisco Bay outside the city of Alameda and stood there for about an hour, neck deep in chilly water, as about 75 bystanders watched. Local police and firefighters were dispatched to the scene after the man’s desperate mother called 911, but ...
Business & Economics
Old Boss or New Boss, state stem cell agency still a bust
The California Institute for Regenerative Medicine (CIRM) has chosen financier Jonathan Thomas as its new boss — but it matters little who runs the state stem-cell agency. The focus should be on results, and by that standard, Californians do not get what they paid for. Thomas, an investment banker schooled ...
Business & Economics
Don’t get arrested carrying a smart phone
Thanks to a little-discussed California Supreme Court decision, the U.S. Constitution’s Fourth Amendment protections against “unreasonable searches and seizures” don’t necessarily apply in California anymore. Yet few of our fellow citizens have been upset about this sad loss of our liberties, the state’s law-enforcement officials have been happy about the ...
Business & Economics
The Truth About Energy Profits
America’s largest oil and natural gas companies recently reported quarterly earnings, and as expected, profits were up. But the caricature of fat-cat energy executives lining their pockets at the expense of the everyman doesn’t hold up to scrutiny. ExxonMobil posted quarterly earnings of $10.7 billion on Thursday, up 69 percent ...
Business & Economics
Big Government and Health-Care Stocks: A Happy Marriage?
Please read the entire column at Forbes.com: The Apothecary.
Business & Economics
Taking the Initiative
A series of bills pending in California’s state legislature would severely curtail the use of voters’ initiatives and referenda—and have already sparked a long-overdue debate about the virtues of direct democracy. Advocates for reform make some valid points about the problems with the initiative process; it’s certainly the case that ...
Business & Economics
Educated Legislators, Bad Economy
California has the most educated legislators, according to a recent Chronicle of Higher Education study. Those stellar academic credentials, unfortunately, have not lifted the state from its economic malaise. California’s unemployment rate, as of May, is nearly 12 percent, higher than every state in the bottom five of the study. ...
California Dreaming: Money for Nothing in the Golden State
California, a left-coast state, shows its isolation from common sense in many ways, including the latest developments at the California Institute for Regenerative Medicine (CIRM), the state’s taxpayer-funded institute for stem cell research. Created by Proposition 71 in 2004, CIRM is spending $3 billion in bond money on the embryonic ...
Give A Convict A Job
Never has it been more evident that California is in a downward spiral on the verge of economic, social and political collapse San Francisco is now pushing to make convicted criminals a protected class so that prospective employers cannot inquire about criminal records. An already precarious business climate in ...
Making public pay for budget cuts
Sacramento – Last year, one of my reporters and her adult son were walking in downtown Sacramento when a couple of young toughs tried grabbing her purse. She pulled back her purse, and the robbers lunged at the two of them, leaving the son’s face covered in blood. Despite a ...
The Alameda incident: ‘First responders’ who don’t
On Memorial Day, a suicidal man waded into San Francisco Bay outside the city of Alameda and stood there for about an hour, neck deep in chilly water, as about 75 bystanders watched. Local police and firefighters were dispatched to the scene after the man’s desperate mother called 911, but ...
Old Boss or New Boss, state stem cell agency still a bust
The California Institute for Regenerative Medicine (CIRM) has chosen financier Jonathan Thomas as its new boss — but it matters little who runs the state stem-cell agency. The focus should be on results, and by that standard, Californians do not get what they paid for. Thomas, an investment banker schooled ...
Don’t get arrested carrying a smart phone
Thanks to a little-discussed California Supreme Court decision, the U.S. Constitution’s Fourth Amendment protections against “unreasonable searches and seizures” don’t necessarily apply in California anymore. Yet few of our fellow citizens have been upset about this sad loss of our liberties, the state’s law-enforcement officials have been happy about the ...
The Truth About Energy Profits
America’s largest oil and natural gas companies recently reported quarterly earnings, and as expected, profits were up. But the caricature of fat-cat energy executives lining their pockets at the expense of the everyman doesn’t hold up to scrutiny. ExxonMobil posted quarterly earnings of $10.7 billion on Thursday, up 69 percent ...
Big Government and Health-Care Stocks: A Happy Marriage?
Please read the entire column at Forbes.com: The Apothecary.
Taking the Initiative
A series of bills pending in California’s state legislature would severely curtail the use of voters’ initiatives and referenda—and have already sparked a long-overdue debate about the virtues of direct democracy. Advocates for reform make some valid points about the problems with the initiative process; it’s certainly the case that ...
Educated Legislators, Bad Economy
California has the most educated legislators, according to a recent Chronicle of Higher Education study. Those stellar academic credentials, unfortunately, have not lifted the state from its economic malaise. California’s unemployment rate, as of May, is nearly 12 percent, higher than every state in the bottom five of the study. ...
