Boy, a lot can change in three months. Back in May, the Legislative Analyst’s Office had projected that the state would pick up between $1.6 billion and $2.1 billion in tax revenue as company shareholders begin cashing out. Unfortunately, that forecast, made before the disastrous IPO, was based on a share price of $35 to $45. Facebook is now under $21.
Former California Gov. Arnold Schwarzenegger plans to provide fundraising, a donation and lectures to the USC Schwarzenegger Institute for State and Global Policy.
Some people show their support for the fast-food chain president’s stance against gay marriage by dining at its eateries. Others protest.
We often think of light rail as a single component of a larger transit system, but if it’s done right it can just as soon serve as the foundation. Since 1981 a dozen American cities have built light rail lines atop bus-only systems. In five of them — Dallas, Portland, Sacramento, Salt Lake City, and San Diego — light rail now accounts for at least 30 percent of all transit ridership in the metropolitan area, even as it covers less than that much service space in the region.