PRI California Alert

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Sunk Costs Are No Reason To Keep Bullet Train Alive
Free Cities Center | November 19, 2024 | William L. Anderson

Aspiring academic economists learn about “sunk costs” which are costs that cannot be recovered and should have no bearing on the decision to continue a project and thus acquiring future costs...

Unfortunately, California officials pay no attention to sunk costs, which are reflected in the spending for the California High Speed Rail System. If there is a classic lesson regarding “sunk costs,” the ongoing project of building a bullet train from San Francisco to Los Angeles is the poster child. Yet, the spending continues unabated.
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Gas Warfare In California
Capital Ideas | Kerry Jackson | November 21, 2024

It took only a few hours after Gov. Gavin Newsom signed a regulatory bill for Phillips 66 to announce that it is closing its Los Angeles refinery complex.

Without actually using the words, the company is saying there’s no reason to stick around and be abused.

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Desert Push For New Solar Farm Threatens Worker Health, Local Water Supply
Right by the Bay | Kerry Jackson | November 18, 2024

In California’s never-ending effort to retain its self-awarded climate MVP trophy, thousands of acres near Desert Center, east of Palm Springs in Riverside County, will be “cultivated” to accommodate a solar farm. The Intersect Power project, centered on a 390-megawatt solar array with an adjacent battery storage site, was unanimously approved in August by the county Board of Supervisors...

There are a number of objections from residents in the region, chief among them water consumed during construction that is sucking wells dry.
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You are invited to attend the:

PRI and Claremont Institute Present a Festschrift Dinner for Charles R. Kesler

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

4110 Macarthur Boulevard
Newport Beach, CA

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