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State lawmakers have just five weeks to come up with solutions to massive pandemic-related problems and prevent Californians of all stripes – tenants, landlords, small-business owners, essential workers – from falling off the edge of a cliff.
Currently Senate Republicans are offering a proposal to reduce this weekly $600 supplement to closer to $200. This is better than allowing the $600 benefit to go all the way to zero, but this would still lead to GDP that was lower by 2.5% a year from now, and, would lead to 3.4 million fewer […]
Sub-topics: New Revenues Without Raising Taxes; Support for Small Business; Protections for Working Families; Investments in our Green Economy
The nation’s leading public health figure in the coronavirus pandemic gave California a pat on the back for its reopening efforts but cautioned young people to be vigilant.
Almost 100 days ago, California Gov. Gavin Newsom tapped Apple’s Tim Cook, Disney’s Bob Iger, former Federal Reserve Chair Janet Yellen and scores of other business and labor luminaries to chart the state’s economic recovery. The public is still waiting for a road map.
In an event co-hosted by CalMatters and the Milken Institute, policymakers and advocates explain where they see the state heading – and why California desperately needs to bridge its digital divide.
Expect fireworks throughout the fall as powerful interest groups compete for airtime and attention during an unprecedented presidential election in a pandemic year.
Forget the notion of a V-shaped recovery. Unemployment leveled off around 16% in May, but a retreat to isolation and the end of some relief funds could lengthen the state’s economic recovery – and deepen inequality.
