@Epochtimes SoCal News Edition. Independent reporting on policy, community, and regional issues.
Irvine, California
Joined November 2020
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More crude oil does not automatically mean more gasoline, diesel, or jet fuel. Global refining capacity has tightened as demand has grown, and replacing lost capacity can take years.
Skip York explains why the gap between fuel demand and refining capacity has become unusually wide, how long new capacity takes to build, and why meaningful relief may be difficult to achieve quickly.
Ronald Stein looks at the same problem from the U.S. side, including California’s dependence on imported fuel when local refining capacity falls. He explains why higher diesel costs can spread through transportation, groceries, and other parts of the economy.
The Epoch Times—Southern California retweeted
Why California homeowners still aren’t selling even with prices this high.
Prop 13 keeps their taxes low, but selling means capital gains and a much higher rate on the next place.
A lot of owners look at the numbers and decide to stay.
@JimRigheimer walks through why the houses aren’t hitting the market.
Tags:
#California – at California, USA
Archer Aviation has completed test flights of its all-electric Midnight air taxi around the San Francisco Bay as part of the company’s No Roads Tour.
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Zuckerberg was thinking about leaving California due to the prospect of a new wealth tax, Meta attorneys said.
California voters will decide on Proposition 40 in November. It would impose a one-time 5 percent tax on billionaires. theepochtimes.com/us/meta-sa…
The Epoch Times—Southern California retweeted
JUST IN: It’s getting easier for parents to claim an eligible child’s Trump Account.
An insert with information about Trump Accounts will now be issued with newborns’ Social Security cards.
It provides straightforward instructions for applicants to claim their account and receive a one-time $1,000 deposit from the government, according to an Oct. 20 statement from the Social Security Administration (SSA).
“Social Security is providing families with the tools to get started right away on this generational opportunity to build a strong financial foundation for their children’s future,” SSA Commissioner Frank J. Bisignano said in the statement.
The insert accompanies Social Security cards issued to newborns through the Enumeration at Birth program, which lets parents request a Social Security number as part of the birth registration.
Eligible children born between Jan. 1, 2025, and Dec. 31, 2028, may receive the one-time contribution.
The insert asks parents or guardians to download the Trump Accounts app from TrumpAccountsgov, sign up for the program, and wait for communication from the Treasury Department to activate the account before receiving the $1,000.
The Epoch Times—Southern California retweeted
Diesel prices hit records across most major economies this fall. Governments responded with emergency stock releases and efforts to restore Russian diesel exports. How much additional fuel can those measures bring to market?
In this full conversation, Skip York, chief energy strategist at Turner Mason & Company, examines how far the current measures can reach and what he watches to judge whether supply is recovering.
Engineer Ronald Stein, founder of PTS Advance, draws on California’s recent refinery closures to discuss replacement fuel options and the prospects for restarting closed plants.
The Epoch Times—Southern California retweeted
In California, renters outnumber homeowners until age 47, about a decade later than in the rest of the country.
Former Senate Majority Leader and Assembly Speaker Robert Hertzberg is the author of Proposition 37, the middle-class homeownership measure on the November 3 ballot.
In this full conversation, he discusses what the proposal would change for middle-class buyers and makes his case for bringing it directly to voters.
Timestamps:
00:00 - Intro
01:21 - Proposition 37 Overview
05:44 - Funding and Developer Incentives
14:59 - Risk Management and Stability
17:21 - Challenges in California Governance
30:37 - Personal Philosophy and Public Service
Tags:
#California #RealEstate #Homebuying – at California, USA
Student teachers in California can now receive one-time $10,000 stipends to help cover the costs of completing the required in-classroom training portion of their teacher preparation programs, which is typically unpaid.
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