Business & Economics
Business & Economics
Extending generous unemployment benefits will drag out the economic crisis
According to a new analysis from the Congressional Budget Office, the next coronavirus relief package could spell disaster for our economy. In a letter to the Senate Finance Committee, the nonpartisan CBO warned that extending unemployment benefits would discourage the jobless from rejoining the workforce. As the country emerges from lockdown and ...
Blog
Memo to Small Business: We’re from the government and we’re here to help
Across the state, main streets have gone from being closed to being boarded. For California entrepreneurs, doing business in the state has hit a new low. It’s too early to get insurance data on what the vandalism, arson, and looting has cost business owners across the state. Worse, because of ...
Blog
Stop Politicizing Investments
The University of California Board of Regents just announced that “the endowment, the pension and all of our working capital pools are fossil-free at the University of California”. The Regents justify the divestment based on their belief that “continuing to hold fossil fuel assets poses too great a financial risk.” ...
Blog
‘Fixing’ Assembly Bill 5: Better If It Never Existed At All
California’s Assembly Bill 5 has not been broken, but given a couple of recent developments, it might soon be showing some cracks. On May 20, Assembly Bill 1850, which would exempt some professions from AB5, a law that virtually outlaws independent contract work, was passed 7-0 by the Assembly Labor ...
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 ...
Extending generous unemployment benefits will drag out the economic crisis
According to a new analysis from the Congressional Budget Office, the next coronavirus relief package could spell disaster for our economy. In a letter to the Senate Finance Committee, the nonpartisan CBO warned that extending unemployment benefits would discourage the jobless from rejoining the workforce. As the country emerges from lockdown and ...
Memo to Small Business: We’re from the government and we’re here to help
Across the state, main streets have gone from being closed to being boarded. For California entrepreneurs, doing business in the state has hit a new low. It’s too early to get insurance data on what the vandalism, arson, and looting has cost business owners across the state. Worse, because of ...
Stop Politicizing Investments
The University of California Board of Regents just announced that “the endowment, the pension and all of our working capital pools are fossil-free at the University of California”. The Regents justify the divestment based on their belief that “continuing to hold fossil fuel assets poses too great a financial risk.” ...
‘Fixing’ Assembly Bill 5: Better If It Never Existed At All
California’s Assembly Bill 5 has not been broken, but given a couple of recent developments, it might soon be showing some cracks. On May 20, Assembly Bill 1850, which would exempt some professions from AB5, a law that virtually outlaws independent contract work, was passed 7-0 by the Assembly Labor ...
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 ...
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 ...
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. ...
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 – ...
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, ...
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 ...
