Illustration of a perspn getting mortgage information online. (Image: Rawpixel.com, via Shutterstock)OPINION: When Californians think about home mortgages, we typically think of banks. But the top three mortgage lenders in California aren’t banks, they’re financial technology or “fintech” lenders. Typically known as nonbanks, they generally operate online only, have no branches and take no deposits.
OPINION: Tobacco companies have spent more than $70 million fighting Proposition 56, a life-saving initiative that will protect kids from deadly addiction, improve access to health care for Californians and fight cancer and other tobacco-related diseases. As a volunteer physician for the American Lung Association in California, I strongly support Prop 56.
Cannery Row workers of the 1950s depicted in an artistic cutout. (Photo: Mr. Interior/Shutterstock)The debt or “unfunded liability” state Controller John Chiang reported last week for state worker retiree health care, $72 billion, is larger than the unfunded liability for state worker pensions reported by CalPERS in April, $50 billion. It’s a legislative legacy, a debt for state worker services received by one generation that lawmakers decided to let the next generations inherit.