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Tariffs Aren't The Answer
BBC News | June 4, 2025 | Wayne Winegarden

Watch Dr. Wayne Winegarden discuss the impact of President Trump's latest steel tariff increases on the U.S. and global economies on BBC News.

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Job Losses, Cancelled Projects Follow LA Passing $30 Minimum Wage
Right by the Bay | Kerry Jackson | June 4, 2025

The City Council, operating as if in bubble that can’t be penetrated by real-world economic behavior, voted on May 23 to hike the minimum wage for hotel and airport workers from the current $17.28 for all workers to $30.

If the raise is signed by Mayor Karen Bass – more “when” than “if” – the rate goes up to $22.50 this summer, growing by $2.50 annually over three years to reach the $30 mark. Los Angeles hotel and airport workers will also be handed a new $8.35 per hour health care payment, which will begin in July of next year and make the effective minimum wage $38.35 an hour.

Good news for those who will see their wages rise, probably more than 20,000. Not so much for those who won’t be among the chosen few.
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Deficits As Far As The Eye Can See
Right by the Bay | Wayne Winegarden | June 2, 2025

In its Multiyear Budget Outlook, the Legislative Analyst’s Office (LAO) summed up the dire state of California’s fiscal state.

According to the LAO: "Both our office and the Department of Finance (DOF) project operating deficits ranging from $10 billion to $20 billion over the multiyear period. These shortfalls represent future budget problems that would require additional budget-balancing decisions."

The cause of the current financial crisis is clear. Total state spending under Governor Newsom has grown 7.5 percent annually and is now 55 percent higher in the proposed Fiscal Year 2025-26 budget compared to the FY 2019-20 budget. Californians’ incomes have grown 39 percent over this time meaning that the growth in state spending has outpaced the growth in residents’ ability to pay for that spending.
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You are invited to attend the:

Join PRI at FreedomFest
June 11 - 14 in Palm Springs

Join PRI in the "Oasis of Liberty" - Palm Springs - from June 11-14 at the world's largest gathering of free minds, FreedomFest.

Come see PRI's Tim Anaya give a talk on his book The California Left Coast Survivor's Guide on Thursday, June 12 at 2 PM, followed by a book signing at 3 PM.

Register with discount code PRI100 to knock $100 off the Regular Attendee rate. Plus, add a Guest for an additional $50 off!

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