June 25, 2015
The personal consumption expenditures price index, which is the Fed’s preferred inflation gauge, rose a seasonally adjusted 0.3% from April, the Commerce Department said Thursday. It was the biggest rise in more than two years and largely reflected increased prices for energy, including gasoline. Food prices were flat, and prices excluding food and energy ticked up 0.1%.
June 24, 2015
State and federal water regulators said Wednesday they're struggling to hold California's fragile water system together amid dwindling supplies and increasing anger from farmers, lawmakers, environmentalists and others
June 24, 2015
The budget’s enactment comes a week before the July 1 start of the next fiscal year. But Brown and the Democratic-controlled Legislature still have significant work to do outside the budget process. Brown called a special session last week to address funding shortfalls in health care, roads and infrastructure.
June 23, 2015
Electric cars are worse for the environment per mile than comparable gasoline-powered cars, according to a new study published by the National Bureau of Economic Research. This contradicts the common assumption that electric cars are cleaner. In spite of this, the federal government still pays $7,500 for every electric car purchased — a subsidy the nation would be better off without, say the authors.
June 22, 2015
The answer lies largely in the rapid expansion of the Medi-Cal program, which will soon provide health care to nearly 1 in 3 Californians. At the same time, the federal government has disallowed a creative financing scheme the state was using to maximize federal money for the program.