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Assembly’s Festivus-Style ‘Airing of Grievances’ Does Not Disappoint

In my last blog post, I previewed the Assembly’s unusual “Committee of the Whole” hearing on the state budget, comparing it to Seinfeld’s Festivus “Airing of Grievances.” Little did I know how clairvoyant I really was. Last Tuesday’s five hour session could charitably be called a “gripe fest” as lawmakers ...
Business & Economics

Barron’s Op-Ed Cites PRI Study on Underperformance of ESG Investing

Former Connecticut State Treasurer and founder and president of the Institute for Pension Fund Integrity Christopher Bancroft Burnham recently cited Dr. Wayne Winegarden’s study showing how environmental, social, and governance (ESG) funds underperform broader investment funds over the long-term in an op-ed published in Barron’s. BlackRock’s ESG Strategy Plays Politics with ...
Business & Economics

Coronavirus recovery — Want to help the economy? Don’t do this

Nearly 39 million Americans have filed for unemployment, as of May 21, since the beginning of the COVID-19 outbreak, pushing unemployment closer to levels not seen since the Great Depression. So far, Congress has allocated over $239 billion in stimulus checks and unemployment benefits to help. Congressional Democrats want to go further. ...
Business & Economics

Dr. Wayne Winegarden – Legislating Energy Prosperity

PRI Senior Fellow in Business and Economics Dr. Wayne Winegarden joins us to discuss his latest study “Legislating Energy Prosperity,” which makes the case that if lawmakers acted to alleviate the unnecessary costs from state energy mandates, Californians living through these unprecedented times could save more than $2,000 annually – ...
Blog

Coronavirus Chronicles: A Small Business Recession Could Turn into a Depression

Year to date, the Dow Index of the U.S.’s 30 largest companies is down 14 percent; the S&P 500, which tracks 500 large-cap companies, is down 8 percent; and the NASDAQ, an electronic system that trades many of the world’s fastest growing companies, is up more than 4 percent.  Clearly, ...
Blog

Does The Private Sector Have A Role In Deciding When To Reopen Businesses?

Policies intended to force Americans into electric vehicles, and taxpayer-financed subsidies that have propped up the EV industry aren’t consistent with those who believe government has limits. But this doesn’t mean that a company such as EV maker Tesla can’t contribute to the economy in some way. Tesla CEO Elon ...
Blog

Coronavirus Chronicles: States Want Bailout for Past Profligate Spending

Even as House members consider themselves non-essential workers (they’ve decided to vote from home), it hasn’t stopped some lawmakers from coming up with bad ideas for the next stimulus package, including relief for states and municipalities with pre-existing economic conditions. In California, Gov. Gavin Newsom announced last week at his ...
Business & Economics

David White – Keeping the Wine Flowing During the Coronavirus Crisis

Public affairs professional and noted wine blogger David White of Terroirist.com joins us to discuss how the wine industry is faring during the global coronavirus crisis.  He also shares his advice on organizing a virtual Happy Hour and gives recommendations for good wines that you can buy online or at ...
Blog

Sweeping Expansion of Workers Comp Benefits Could Hit Struggling CA Businesses Hard

There’s been a growing debate in California and nationally about extending workers’ compensation benefits for workers who are impacted by the coronavirus pandemic. Some states are moving to make front line workers battling COVID-19 to be eligible for workers’ comp.  Politico reports that “at least five smaller states have made ...
Blog

And The Damage From AB 5 Begins

California Attorney General Xavier Becerra has officially filed suit against Uber and Lyft for violating Assembly Bill 5 (AB 5). The action is a clear signal that the state’s policy leaders are determined to maximize the economic damage from this ill-considered policy at a time when millions have been furloughed ...
Blog

Assembly’s Festivus-Style ‘Airing of Grievances’ Does Not Disappoint

In my last blog post, I previewed the Assembly’s unusual “Committee of the Whole” hearing on the state budget, comparing it to Seinfeld’s Festivus “Airing of Grievances.” Little did I know how clairvoyant I really was. Last Tuesday’s five hour session could charitably be called a “gripe fest” as lawmakers ...
Business & Economics

Barron’s Op-Ed Cites PRI Study on Underperformance of ESG Investing

Former Connecticut State Treasurer and founder and president of the Institute for Pension Fund Integrity Christopher Bancroft Burnham recently cited Dr. Wayne Winegarden’s study showing how environmental, social, and governance (ESG) funds underperform broader investment funds over the long-term in an op-ed published in Barron’s. BlackRock’s ESG Strategy Plays Politics with ...
Business & Economics

Coronavirus recovery — Want to help the economy? Don’t do this

Nearly 39 million Americans have filed for unemployment, as of May 21, since the beginning of the COVID-19 outbreak, pushing unemployment closer to levels not seen since the Great Depression. So far, Congress has allocated over $239 billion in stimulus checks and unemployment benefits to help. Congressional Democrats want to go further. ...
Business & Economics

Dr. Wayne Winegarden – Legislating Energy Prosperity

PRI Senior Fellow in Business and Economics Dr. Wayne Winegarden joins us to discuss his latest study “Legislating Energy Prosperity,” which makes the case that if lawmakers acted to alleviate the unnecessary costs from state energy mandates, Californians living through these unprecedented times could save more than $2,000 annually – ...
Blog

Coronavirus Chronicles: A Small Business Recession Could Turn into a Depression

Year to date, the Dow Index of the U.S.’s 30 largest companies is down 14 percent; the S&P 500, which tracks 500 large-cap companies, is down 8 percent; and the NASDAQ, an electronic system that trades many of the world’s fastest growing companies, is up more than 4 percent.  Clearly, ...
Blog

Does The Private Sector Have A Role In Deciding When To Reopen Businesses?

Policies intended to force Americans into electric vehicles, and taxpayer-financed subsidies that have propped up the EV industry aren’t consistent with those who believe government has limits. But this doesn’t mean that a company such as EV maker Tesla can’t contribute to the economy in some way. Tesla CEO Elon ...
Blog

Coronavirus Chronicles: States Want Bailout for Past Profligate Spending

Even as House members consider themselves non-essential workers (they’ve decided to vote from home), it hasn’t stopped some lawmakers from coming up with bad ideas for the next stimulus package, including relief for states and municipalities with pre-existing economic conditions. In California, Gov. Gavin Newsom announced last week at his ...
Business & Economics

David White – Keeping the Wine Flowing During the Coronavirus Crisis

Public affairs professional and noted wine blogger David White of Terroirist.com joins us to discuss how the wine industry is faring during the global coronavirus crisis.  He also shares his advice on organizing a virtual Happy Hour and gives recommendations for good wines that you can buy online or at ...
Blog

Sweeping Expansion of Workers Comp Benefits Could Hit Struggling CA Businesses Hard

There’s been a growing debate in California and nationally about extending workers’ compensation benefits for workers who are impacted by the coronavirus pandemic. Some states are moving to make front line workers battling COVID-19 to be eligible for workers’ comp.  Politico reports that “at least five smaller states have made ...
Blog

And The Damage From AB 5 Begins

California Attorney General Xavier Becerra has officially filed suit against Uber and Lyft for violating Assembly Bill 5 (AB 5). The action is a clear signal that the state’s policy leaders are determined to maximize the economic damage from this ill-considered policy at a time when millions have been furloughed ...
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