Posts Tagged: competitors

Opinion

Loan rate-cap bill would harm consumers

A loan document ready to be signed. (Photo: Lane V. Erickson, via Shutterstock)

OPINION: The California Senate Banking Committee is scheduled to hold a hearing Wednesday on a bill that caps consumer loan rates and threatens to sever a vital credit lifeline for many. Oddly, three commercial lenders who offer the kind of loans subject to this regulation support it.Assembly Bill 539 would cap the interest rate at 36% plus the federal funds rate on loans of more than $2,500 but less than $10,000.

News

All aboard for Mars? Why not?

An image of the SpaceX Falcon 9 rocket over Los Angeles, December 2017. (Photo: Philip Pilosian)

Will you (OK, your grandchildren) someday take a vacation jaunt to Mars? Or maybe move there permanently? You will if California’s 0utside-the-box-thinker Elon Musk and his competitors have their way. Non-passenger commercial space activity is already big business. Musk’s SpaceX company launches satellites into orbit, charging commercial customers $62 million per launch to as much as $20 million more for more complicated tasks, such as resupplying the International Space Station.

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