Both houses of the California legislature have passed a bill called SB-32 which would tell the California Air Resources Board "to ensure that statewide greenhouse gas emissions are reduced to 40% below the 1990 level by 2030." The state's Democratic governor has issued a statement indicating that he intends to sign it into law.
The Western States Petroleum Association and the California Manufacturers & Technology Association expressed their opposition to the bill.
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(Score: 0) by Anonymous Coward on Wednesday August 31 2016, @01:40PM
the landlords are driving all lower-paid workers out of town. This will cause a correction, of course, but the correction will result in hundreds of businesses closing and tens of thousands people going broke.
Much more likely is that California will see zoning reform that permits the construction of high density housing. Japan has very lax zoning control - if you own the land you can build practically anything you want. That's resulted in people building some crazy ass houses [japlusu.com] because their neighbors can't stop them. But it also means they can build high-density housing. Which is the primary reason the Tokyo real-estate market has not bubbled [ft.com] the way it has in major metros in America and Europe.
In the US we don't allow businesses owners to veto a competing business next door. We need to stop giving homeowners the ability to veto a new home next door. And I say this as a homeowner who has fully paid off his mortgage and thus has the most to lose when my local property bubble pops.