Category: Northern California

Tesla’s Musk Sells More Shares Worth $687 Million

Tesla Inc. Chief Executive Officer Elon Musk disclosed an additional share sale worth about $687 million in the electric-car maker, regulatory filings showed on Friday, after offloading about $5 billion in stock earlier in the week. Musk sold 587,638 and 52,099 shares held by his trust on Nov. 11 in multiple transactions, according to two…


Augmented and Virtual Reality Expo Returns to Silicon Valley

SANTA CLARA, Calif.—The Augmented World Expo (AWE) took place in Silicon Valley from Nov. 9 to 11 this year after last year’s event was cancelled due to the pandemic. The expo was held at the Santa Clara Convention Center and featured artificial intelligence, bio-interfaces, haptics, 5G, streaming, and more. “A lot of customers and buyers…


‘Peace Officer Wives’ Organization Fosters Healthy Homes for Healthy Policing

A grassroots organization in California is supporting law enforcement officers’ families in building peaceful and safe homes to foster healthy mental states in police officers. Peace Officer Wives of California was founded in 2017. It has since helped over 700 families to build a supportive network for wives to learn and help each other navigate…


California School Board Votes to Not ‘Support, Enforce, or Comply’ With Gov. Newsom’s Vaccine Mandate

A public school district in Northern California announced Wednesday it will not be enforcing the state’s COVID-19 vaccine mandate for K–12 schools. In a 5–0 vote, the governing board of the Calaveras Unified School District (CUSD) decided at a Tuesday meeting to not “enforce, support, or comply” with Gov. Gavin Newsom’s mandate, which would require…


Inflation in California—Lessons From 1979 and 2021

Commentary If you were too young to remember the 1970s inflation in California, you have no idea how bad things still could get—if inflation in 2021 keeps rising. Some recent news items: On Tuesday, the U.S. Department of Labor reported producer prices soared 8.6 percent over the past year; On Wednesday, it reported inflation in…


San Francisco DA Chesa Boudin to Face Recall After Petition Is Certified

The San Francisco Board of Elections certified a petition on Tuesday in a public effort to recall District Attorney Chesa Boudin. The board’s certification of the petition will force a 2022 recall election. The election board slated June 7, 2022, for the election, the date of California’s state primary, according to the Department of Elections…


Supreme Court Could Legalize Open Carry in California

Commentary The Second Amendment “right to keep and bear arms” soon could be restored to California. Time magazine described the issue at hand in hearings before the court at hearings on Nov. 3. The court “majority appeared to question the constitutionality of a century-old provision in New York state that requires people to prove they…


California Labor Market Hit Particularly Hard by Pandemic

News Analysis Data recently released by the U.S. Bureau of Labor Statistics shows how much the California employment situation has worsened since before the pandemic. Since February 2020, the month before businesses were closed, California has lost 861,000 jobs. About 490,000 workers have left the labor force all together. Another 370,000 people still wanting to…


Futures Tick Higher After Congress Clears Infrastructure Bill; Tesla Falls

U.S. stock index futures edged higher on Monday as big industrial firms were supported by the passage of a $1 trillion infrastructure bill, while Tesla fell on Chief Executive Elon Musk’s plan to sell about a tenth of his stake. Caterpillar Inc., Boeing Co., and 3M Co. rose between 0.5 percent and 3 percent in…


Dow Hits Record High as Infrastructure Bill Lifts Cyclicals

The Dow hit a record high on Monday as the passage of a $1 trillion infrastructure bill lifted industrials, materials, and other economy-focused sectors, while Tesla fell on top boss Elon Musk’s plan to sell about a tenth of his stake. Five of the 11 major S&P 500 sector indexes were higher after the Congress…