California’s bullet train is hurtling toward a multibillion-dollar overrun, a confidential federal report warns

[Source: The Los Angeles Times] California’s bullet train could cost taxpayers 50% more than estimated — as much as $3.6 billion more. And that’s just for the first 118 miles through the Central Valley, which was supposed to be the easiest part of the route between Los Angeles and San Francisco. A confidential Federal Railroad Administration risk Read More…

What now for true-blue California?

[Source: The Sacramento Bee] This was supposed to be, in the minds of many, the election that moved the rest of the nation closer to pluralistic, pro-tax, anti-gun, “progressive” California. Never mind. California voters reinforced the state’s image in a big way, favoring Hillary Clinton over Donald Trump by a nearly 2-to-1 margin and passing Read More…

California’s cap-and-trade carbon emission system may be failing

[Source: Sacramento Bee] California’s much-vaunted cap-and-trade system of reducing greenhouse gas emissions may be collapsing. This month’s quarterly auction of carbon dioxide emission allowances, which was supposed to generate more than a half-billion dollars for politicians to spend, brought in a paltry $10 million as the Air Resources Board sold a tiny fraction of the Read More…