Chris Nichols, Marilyn Ezzy Ashcraft, Peter Cohen, Mark Stivers and Chione Fleagal at A Conference on Housing, March 9, 2023. Photo By Scott Duncan, Capitol WeeklyCAPITOL WEEKLY PODCAST: This Special Episode of the Capitol Weekly Podcast was recorded live at Capitol Weekly’s Conference on Housing, and presents Panel 2: Affordable Housing.
A woman linking her tablet to the Internet via a service provider. (Photo: Daniel Krason, via Shutterstock)OPINION: With a historic investment in broadband on the horizon, Gov. Newsom and the California Legislature have an unprecedented opportunity to bring chronically unserved California households online with high-speed Internet.
An image illustrating research into public-private partnerships. (Photo: Ada Ghazali, via Shutterstock)OPINION: The pandemic caused devastating economic damage to our communities. While the job market may never return to what it was before 2020, it’s undeniable that government action, combined with the ingenuity of small businesses and corporations, staved off what could have been even further socioeconomic harms.
Recycle bins behind a supermarket in Scotts Valley, Calif. (Photo: Michael Barajas, via Shutterstock)OPINION: Every year during the end-of-session debates in the Legislature, bills that had previously stalled suddenly get new life. Sometimes, it’s the result of a grand bargain struck to advance long-held policy objectives. Other times, it’s the result of public pressure created by an emerging crisis.
Windmills at the Tehachapi Pass Wind Farm in Southern California, generating clean renewable electrical energy. (Photo: Patrick Poendl, via Shutterstock)OPINION:At this week’s Global Climate Action Summit, the focus is not on countries’ efforts to curb climate change, but on how cities, states, businesses, nonprofits and other non-national actors are building a low-carbon future from the bottom up. As the host state, California is in the spotlight. And do we have a story to tell.
A roadside sign for the city of Inglewood near Los Angeles. The picture was taken in April. (Photo: Albert Campbell)The California economy is booming at a record pace. The State’s unemployment rate is at a historic low of 4.2 percent, with investments in technology, health care, transportation and construction projects helping lead the way. But the Golden State’s success has been uneven.The economic wave of prosperity missed some of California’s most vulnerable populations, leaving some of the most diverse and socio-economically disadvantaged communities behind. The City of Inglewood is one of those communities.
An illustration of the urban connectivity of a 5G-based wireless system. (Image: Supparsom, via Shutterstock)OPINION: Smart cities will soon take a major leap forward — thanks to a groundbreaking technology, 5G, or the 5th generation wireless network. 5G is anticipated to be 100 times faster than the current 4G network, which many of our devices utilize today, and 5G will dramatically reduce the time it takes to share information.
A view of a densely populated area of the eastern San Fernando Valley near Los Angeles. (Photo: Trekandshoot, Shutterstock)OPINION: According to the U.S. Census Bureau’s report The Supplemental Poverty Measure: 2015, nearly eight million people in California were living in poverty in 2015. The report indicated that the state’s poverty rate was 20.6 percent—well above the national rate of 15.1 percent—and surpassed the rates of every other state in the nation.
CalPERS' governing board during a 2013 meeting. (Photo: CalPERS board)Calpensions: The state’s two largest public pension systems never recovered from huge investment losses during the deep recession and stock market crash in 2008. CalPERS lost about $100 billion and CalSTRS about $68 billion. Now after a lengthy bull market, most experts are predicting a decade of weak investment returns, well below the annual average.
The CalPERS' governing board during a meeting several years ago at the pension fund's headquarters. (Photo: CalPERS board)Calpensions: Twice in recent decades CalPERS fell below 100 percent of the funding needed for promised pensions, and twice CalPERS climbed back. But since a $100 billion investment loss in 2008, the CalPERS funding level has not recovered.