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Not long ago I wrote a short piece here on No Nonsense Economics noting that the current water situation in California should more aptly be named a ‘water shortage’ rather than a ‘drought’, the difference being that a drought is a water shortage with significant negative economic consequences. Such consequences are not something the state has experienced over the last few years given the over 3% employment growth, sharp increases...
Well, we recently went through the annual process of moving our clocks ahead an hour for daylight savings, and once again, the whole process has come under attack. This year it was featured prominently on the HBO comedy series Last Week Tonight with John Oliver in a segment called “Why is this still a thing?” There was nothing terribly new in the segment, but it is worth having the daylight...
Governor Jerry Brown announced in his recent budget proposal that California should stop issuing school construction bonds. This came as a bit of a surprise to many. School bonds generally cruise through the State Legislature and very rarely fail at the ballot box. The State Assembly unanimously passed a $9 billion bond initiative last year before it stalled with the Governor’s public opposition (Jim Miller, “California School Builders,...