Posts Tagged: financial

Opinion

Small businesses offer key fiscal support for government

Downtown Placerville, Calif. (Photo: Laurens Hoddenbagh, via Shutterstock)

OPINION: The recent flurry of stories about small business woes often miss an important part of the picture: Small businesses’ role in helping fund government’s important responsibilities. Consider the City of Placerville. Located in El Dorado County with the original colorful Gold Rush era monikers, the sometimes controversial Hangtown and the more staid Dry Diggings, the city is a tourist draw housing a number of buildings on the National Register of Historic Places.

News

Amid pandemic, hospitals face financial peril

A pushes a gurney stretcher along a hospital corridor. (Photo: Spotmatik Ltd, via Shutterstock)

California’s hospitals are experiencing unprecedented financial stress due to the COVID-19 pandemic, with net losses projected to hit $14.6 billion by the end of 2020. The losses are “way above anything anyone could have anticipated… the costs have been nothing like we have ever seen before,” said Jan Emerson-Shea, a spokeswoman for the California Hospital Association, which represents about 400 hospitals, large and small.

News

COVID-19: Groups form to help undocumented immigrants

Immigrant workers harvest strawberries in a Salinas field. (Photo: David A. Litman, via Shutterstock)

While we remain in the throes of an increasingly savage pandemic, policy makers at all levels of government are trying to soften the impact of the outbreak on our physical and financial health. But they are not the only ones: A group of little-known organizations are trying to ease the impact on an especially vulnerable community — undocumented immigrants.

Opinion

Changes urged in new Consumer Privacy Act

An illustration of the concept of privacy and computer use. (Image: mstanley, via Shutterstock)

OPINION: I believe in the American Dream because I am lucky enough to be the American Dream. And I’m not alone; there are millions of business owners in California and I imagine some of them share my success story.

Opinion

Leadership must act now on climate change

Solar panels arrayed in the Mojave Desert. (Photo: Andrei Orlov, via Shutterstock)

OPINION: As firefighters from across the West come together to battle wildfires, and legislators meet for their last week of this year’s legislative session, our state’s leadership has before them a real opportunity to take decisive action to help mitigate the climate trends that are weighing on our state today.

Opinion

Greater local control over charter schools

The Orange County School of the Arts, a charter school. (Photo: Lunasee Studios, via Shutterstock)

OPINION: The story of the Paramount Collegiate Academy’s demise is important because it spotlights an alarming trend: California’s state board is approving charter schools that were denied by local decision makers at a high rate — 71 percent —and a number of those schools have failed, just like Paramount.

News

Stem cell agency eyes kidney transplant breakthrough

A pipette and recepticles used in stem cell research. (Photo: CI Photos)

The California stem cell agency has doubled down on its bet on a potentially breakthrough treatment for kidney transplants, raising to $25.4 million its support for a project that is entering its final stages. The hope is that the treatment will not only improve the success rate of kidney transplants but also lead to use in liver, heart and other solid organ transplants.

News

Overhaul urged for California court fines

A photo illustration of court finances. (Rusian Grumble, Shutterstock)

California’s courts impose hundreds of millions of dollars of “excessive and disproportionate” fines each year for common infractions, then use much of the money to support their own operations. A blue-ribbon panel examining the system said the fines should be collected by the executive branch — not the courts themselves — to avoid conflicts.

News

The utilities’ new electric transportation infrastructure

A black-and-white view of smoggy Century City, Beverly Hills and West Los Angeles. (Photo: trekandshoot)

OPINION: Squinting into the smog, our state’s utilities have seen the future — and it’s not fossil fuels. Southern California Edison, Pacific Gas & Electric and San Diego Gas & Electric revealed plans to invest $1 billion to build a comprehensive electric transportation infrastructure.

Opinion

Wanted: An early warning system for local governments

Pedestrians crossing Hollywood Boulevard in Los Angeles. (Photo: Sean Pavone, Shutterstock)

OPINION: Back in 2012, then Treasurer Bill Lockyer called for an early warning system that would give state officials time to proactively address local government fiscal emergencies before they wound up in bankruptcy court. We are now five years closer to the next recession and its attendant set of local government financial crises, but the state has made little progress toward implementing Lockyer’s proposed system.

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