PRI California Alert

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Law-And-Order Voters Fire Gascon
Fox News | November 13, 2024 | Kerry Jackson

Los Angeles County voters fired their district attorney, George Gascón, on Tuesday – with prejudice. As of Thursday morning he was down more than 20 percentage points to challenger Nathan Hochman, a Republican running as an independent who served as assistant attorney general under George W. Bush.

As it turns out, even blue voters have reached a tipping point with crime and have lost confidence in prosecutors who are conducting real-time sociological experiments they call reform. They’re ready for Hochman to reverse Gascón’s policies.
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US Lifts State Budget, Restraint Required
Spending Watch | Wayne Winegarden & Nikhil Agarwal | November 2024

It is said that investors earn their money in bear markets and simply collect the returns during bull runs.

State governments, on the other hand, determine the severity of the next budget slowdown during the good times and either reap the benefits, or pay the price, when the next economic slowdown comes.

An optimistic reading of the first quarter revenue data illustrates that California may be entering such a crossroad.
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Beyond Rate Cuts: Revived Housing Requires Zoning Reform
Free Cities Center | Sarah Downey | November 14, 2024

Multifamily housing permits are down by 27% this year, a major headwind for a state with an acute affordable housing crisis.

Recent reports by USC researchers and market analysts suggest that California’s already pricey housing stock requires far more than an interest rate cut to balance out, meaning an onrush of moderately priced units aren’t likely in the near term.

But there has been further legislation from Sacramento this past session that seeks faster production of reasonably priced units.
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You are invited to attend the:

PRI And Claremont Institute Present A Festschrift Dinner Celebration For Charles R. Kesler

Thursday, December 12, 2024
6:15PM Reception at The Pacific Club

4110 Macarthur Boulevard
Newport Beach, CA

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