Daily Headlines

We scan major news sources and compile selected articles to keep you up-to-date on current issues affecting California business - the economy, health care, environment, transportation and more.

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Infrastructure / Education

    Parents and educators said they were relieved Thursday after state lawmakers changed their minds and voted against targeting school bus service in a midyear budget cut to education.Associated Press in The Sacramento Bee

    A key House panel late Thursday gave the back of its hand to California's embattled high-speed rail program.The Sacramento Bee

    The board overseeing the nation's second-largest public pension fund on Thursday lowered the fund's investment forecast for the second time in 14 months in a move that acknowledges the financial strain of lower market returns in the years ahead.San Francisco Chronicle

Opinion / Editorial

    Many years of partisan wrangling over the state budget reached a climax in 2010 when public employee unions and Democratic politicians persuaded voters to pass Proposition 25, eliminating the two-thirds vote for budgets.Dan Walters in The Sacramento Bee

    A few days ago, Governor Brown made the surprising statement that our state’s massive loss of manufacturing jobs is not a unique California problem because we have “lost manufacturing at about the same rate as the rest of America.”Jack Stewart in Fox and Hounds Daily

    Facebook will not fix California’s budget, no matter how much tax the state might reap from the company’s stock sales.The Press-Enterprise

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