California’s energy woes are getting worse. According to the latest numbers from the Energy Information Administration, the state’s residential electricity prices, already among the highest in America, jumped by 3 cents per kilowatt-hour last year, an increase of 11.9%. read more »
Economics
California's Electricity Disaster in Seven Charts
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How AI Helps Tech Giants
Artificial intelligence (AI) and its related technologies — machine learning and the metaverse — represent a watershed in the evolution of the global economy. Like other such shifts, its emergence is likely to favor certain interests, notably a handful of technology giants, the media and a small cadre of highly skilled programmers. Everyone else faces economic danger, certain to roil domestic and international politics in coming years. read more »
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Americans Moving to More Affordable Areas
In recent years, driven by the rising cost of living and the remote work revolution, Americans have been moving to more affordable housing markets. This is evident in an analysis of American Community Survey data gathered over five years (2018 to 2022).
Housing Affordability and Net Domestic Migration: The Nexus read more »
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The Myth of America's Decline
North America may suffer from some of the world’s poorest political leadership. Yet it seems destined to remain the wealthiest, most dominant place on Earth. read more »
New Panic Over Farmlands
The Department of Agriculture’s latest Census of Agriculture has generated new fears about “disappearing farm lands.” The census found that the United States had 22 million (2.8 percent) fewer acres of farm lands in 2022 than in 2017 read more »
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California Deficit Soars to $73 Billion
Incredibly, the Democratic establishment still looks to Gavin Newsom as their answer to Joe Biden. Yet frothy accounts of the California Governor’s record are about as accurate as a Google AI treatment of American history: totally fraudulent. read more »
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NYU in Oklahoma? What a Great Idea
When I heard that New York University (NYU) was creating a new campus not in some global capital but in Oklahoma—the fairly conservative west-south-central region of the United States—I was shocked, but also thrilled. read more »
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Class of '24
Most political coverage in America revolves around personalities, stratagems, and the cultural issues that appeal to the activist class in both parties. Yet the real determinant in 2024 will not be abortion, “systemic racism,” gender fluidity, or climate change, but deepening class divides. read more »
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The Wealth Gap Survey
How much of a difference does your upbringing make to your life? It’s a question that’s been debated for ages and, in a world with a greater focus on equity, the wealth gap within society is under the microscope. read more »
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Downtown San Francisco is Beyond Redemption
The recent announcement that Ian Jacobs, a scion of the famous Toronto-based Reichmann real estate clan, was coming to buy upwards of $900 million of San Francisco real estate, has offered the beleaguered California city a rare moment of hope. read more »