Last month, the Valero energy company announced plans to shut down at least one of its two California refineries in 2026. That caught the attention of Michael Mische, associate professor of management and organization at the University of Southern California. “California can ill…
SACRAMENTO, Calif. — It was only a month ago that California Gov. Gavin Newsom concluded an emergency session of the state Legislature by signing that special session’s crowning achievement: Legislation that requires the state’s dwindling number of oil refiners to maintain larger inventories…
In 1960, Nobel-winning economist Friedrich Von Hayek said, “History is largely a history of inflation, usually inflations engineered by governments for the gain of governments.” During the last four years, consumers have seen the price level increase cumulatively by over…
Fridges lose their cool, ice makers make snow, hot water heaters won’t heat water, and Americans are starting to collect a veritable graveyard of broken appliances that, 30 years ago, would have lasted for decades. On today’s episode of The…
SACRAMENTO — Those of us who know and love San Francisco have a pretty good idea why the city continues to become less livable as rampant crime and homelessness turn its streets into (literal) cesspools of public disorder. Despite a…
The government has a dilemma: It’s pushing hard for fuel-efficient vehicles, but gas taxes pay for roads. There’s an obvious fix, but are Americans ready for it? Granted, tax credits, subsidies, and government mandates aren’t delivering the electric-vehicle sales surge…
President Joe Biden is praising “Bidenomics,” a self-congratulatory term he coined, despite broad economic disapproval among Americans and the specter of recession hanging over the country. The American people have experienced Bidenomics’ genius firsthand — with inflation negatively affecting staples…
The Federal Reserve raised its funds rate on Wednesday by a quarter percent. The 4.5–4.75 percent rate amounts to the highest in 15 years. Despite this, and Wednesday’s hike becoming the eighth consecutive one, Chairman Jerome Powell explained that “we…
“I am the eggman! I am the eggman!” So crooned the weird John Lennon in The Beatles’ iconic 1967 piece “I Am the Walrus.” The song spouted lots of gibberish, including about (and I quote) “yellow matter custard dripping from…
