TOPIC: Issues & Ideas

They’re showing us the money

Doug Palmer and Rachelle Younglai of Reuters report that the Treasury Department will be pulling in $6 billion in a sale of AIG stock the government owns as the result of saving AIG from collapse in 2008.  The American electorate’s ownership of this major global insurance company will still be a hefty 70% after the sale.   But we are getting paid.  In other words, the government is keeping its word, though some people swore the government “never really believed” it would get anything back for the taxpayers.

Natural foods co-op gets a raw deal

Acting in concert with federal officials, authorities in Los Angeles raided a local natural foods buyers co-op and arrested three people for distributing raw milk and dairy products, reports Ian Lovett of The New York Times and Stuart Pfeifer and P.J. Huffstutter in the Los Angeles Times. Authorities also seized $70,000 worth of inventory from the Venice co-op, Rawsome, on the grounds that the shop was selling unsafe and unlicensed products to consumers and doing so without a business license. Operators of the co-op maintain that the products in question weren’t being sold to unknowing consumers, but distributed to members of a buyers’ club who specifically sought out unadulterated foods and were well aware of the risks. Because the operation wasn’t open to non-members and was run by volunteers, its trustees claim they aren’t required to have a business license. (more…)

High-speed regional trains zoom into California

Several new trains capable of considerably higher speed should begin plying the rails in California in about four years time, thanks to an infusion of federal cash, reports Tim Sheehan of The Fresno Bee.

California received 68 million dollars from the federal government to buy 15 new American passenger cars and four new U.S.-made locomotives for the state’s three regional rail routes. The funding is a portion of the $336 million worth of Recovery Act funding — economic stimulus money — awarded as federal matching funds to California and outright grants to Illinois, Iowa, Michigan, and Missouri. (more…)

Raptor deaths dirty California’s cleanest energy source

Federal wildlife conservation officials have launched an inquest into the deaths of protected birds at a California wind farm, Louis Sahagun of the Los Angeles Times reports, highlighting a potentially crippling drawback of one of the world’s cleanest power sources.

A total of seven golden eagles are believed to have been killed over the course of two years after colliding with one of 90 windmills at the Pine Tree windmill site. The windmills, operated by the Los Angeles Department of Water and Power in the Tehachapi Mountains went on-line in 2009 and are spread out among 8,000 acres, generating 120 megawatts of electricity. (more…)

Los Angeles: a beacon of hope amid high-speed rail fog?

Headwinds  are building against California’s planned high-speed rail system, with congressional opponents attempting to kill funding, and new reports generating ever more negative rhetoric. That’s the  bottom line in Carolyn Lochhead’s piece in the San Francisco Chronicle.

Meanwhile, though significant cuts to transportation funding — both for road construction and maintenance as well as mass-transit are likely in the coming transportation bill, Los Angeles Mayor Antonio Villaraigosa has introduced an innovative financing scheme aimed at speeding up transit construction.  Villaraigosa’s initiativemay become a nationwide program, according to Rick Orlov of the Torrance Daily Breeze.

Criticisms at the policy end of high-speed rail are hardly new. Here’s a standard sample: (more…)

Coverup by Pacific Gas & Electric in San Bruno explosion?

A whistleblower told federal investigators last month that utility officials likely threw out what may prove crucial records as the National Transportation Safety Board continues its inquest into a deadly explosion of a natural gas pipeline near San Francisco, Jaxon Van Derbeken of the San Francisco Chronicle reports.

The explosion killed eight people in October and turned 38 suburban homes into charred cinders. (more…)

NRC says Diablo Canyon is safe — case closed?

Is Diablo Canyon destined for disaster? Well, according to a story by Suzanne Rust of California Watch published by the San Francisco Chronicle, that all depends on which government agency you believe.

According to the Nuclear Regulatory Commission (and the utility that owns the plant, Pacific Gas & Electric Co.), the plant is safe. Totally safe. So safe, the NRC insists, that further studies are unwarranted. (more…)

California’s high-speed train project losing steam

Not even a bullet train can outrun a legal avalanche. The chances that California sees a high-speed rail system anytime in the 21st century is dwindling as an abundant crop of legal challenges pop up all along the proposed route.

Various entities are suing over where the train will or won’t go, while others are challenging projections and computer models used as the basis of winning voter approval for the sale of construction bonds. Meanwhile, one of the authority’s key board members has quit as the likelihood of further federal funding grows ever more remote. (more…)

After San Bruno explosion, trying to force regulators to do their jobs

San Bruno, CA October 2010

Assailing federal and state regulators, San Francisco’s city attorney is threatening to file a federal lawsuit both the U.S. Pipeline and Hazardous Materials Safety Administration and the California Public Utilities Commission for lax oversight, regulatory capture and a cozy relationship with Pacific Gas & Electric Co., according to reporting by Jaxon Van Derbeken of the San Francisco Chronicle.  “The public is at risk because the mandates of federal law have not been followed by PG&E or enforced” by regulators, [San Francisco City Attorney Dennis] Herrera said, adding, “it has become increasingly clear that regulators bear some fault here and were either asleep at the switch or too cozy with the industry they are supposed to regulate.”   Herrera said the goal of the suit he intends to file is to prompt regulatory authorities to do their job or be forced to do so — under court-ordered supervision. (more…)

Name that loan modification program: government must do more to market mortgage aid

Four years after the housing bubble burst, all levels of government are getting their bearings in addressing the foreclosure crisis. A mix of programs are either being started or revived that might actually address specific payment problems homeowners face.

Illinois announced on Friday that it will use $100 million in federal money to start a Mortgage Resolution Fund, where a public-private partnership will buy “underwater mortgages” — those where delinquent payments are worth more than the mortgage itself — from homeowners in the Chicago area. (more…)