Posts tagged with "California"

In nine states nationwide, the wealthy are looking at a tax increase

September 28, 2020

Legislators in nine states—among them, New York, California, Massachusetts, and Maryland—have renewed their efforts to hike taxes on high earners. The states are facing multibillion-dollar revenue shortfalls, due to the costs of the coronavirus pandemic; as well as lost revenue from shuttered businesses.

Indeed, Democratic lawmakers are arguing that the wealthy—who have largely have escaped the economic hardships of the pandemic—should pay more of the costs and help those who have suffered most, reports CNBC.

However, Republicans and some Democratic governors say tax hikes at the state level will only cause the wealthy to move to lower-tax states, such as Florida and Texas.

After New Jersey passed its “millionaire’s tax” last September— under which state residents who earn more than $1million per year will face higher income taxes, while 800,000 lower-income families will get a tax rebate—legislators in other states renewed similar efforts with greater vigor.

Along with New York, lawmakers in California, Illinois, Massachusetts, Maryland, Wisconsin, Hawaii, Oklahoma, Vermont have proposed various forms of tax increases on high earners, according to the National Conference of State Legislatures.

Those states account for more than one-third of the U.S. population, and nearly half of the nation’s millionaires, according to population data and wealth surveys.

Research contact: @CNBC

Gallup: 66% of Americans still are ‘worried’ about COVID-19 exposure; 29% are ‘very worried’

June 18, 2020

While about one-third of Americans believe, if you can’t see it, you can’t catch it; the rest of us still are relying on face masks and hand sanitizer. In fact, about two-thirds of Americans continue to say they “are  worried” about being exposed to the coronavirus, as multiple states see a new spike in cases, according to a Gallup poll released Wednesday reveals, according to a report by The Hill.

Gallup found that 29% of respondents are “very worried” about exposure to the coronavirus, and 66% are either “somewhat” or “very” worried.

The proportion who are concerned about the coronavirus has risen since Gallup began asking the question in February, The Hill notes. That month, 36% of Americans said they were either somewhat or very worried about exposure—a figure that more than doubled in March; and has plateaued at somewhere between 63% and 67% since then.

Specifically, 37% of black respondents and 50% of Hispanics said they were “very” worried, compared to only 25% of white respondents. A number of studies have indicated that COVID-19 is impacting people of color at disproportionate rates across the country. 

And The Hill says, there are also partisan divides over how concerned Americans are, with 85% of Democrats saying they are at least somewhat worried that they or their family will come into contact with the virus, compared with 47% of Republicans and 66% of Independents.

There have been over 2.1 million confirmed coronavirus cases nationwide, and nearly 117,000 people have died.

The poll comes as several states across the country are seeing new spikes in coronavirus cases, throwing reopening plans into question. California, Texas, Arizona and Florida are among the states reporting the highest daily increases in case counts. In Texas, health authorities on Tuesday registered the state’s highest number of hospitalizations due to COVID-19, the disease caused by the novel coronavirus.

The Trump Administration has sought to blame the rise in cases on the increasing number of tests, but experts say there has also been a rise in the percentage of tests that are coming back positive.

The Gallup poll surveyed 1,034 adults from May 28 to June 4.

Research contact: @thehill

Pedal to the metal: Elon Musk dares California to arrest him as Tesla plant reopens

May 13, 2020

He has challenged the laws of mobility and gravity with his companies, Tesla and SpaceX, so why should Elon Musk bend to the laws of Alameda County, California?

This week, Musk has escalated his war with Alameda officials—tweeting that he is reopening Tesla’s manufacturing plant there despite a local ban by authorities who believe it’s not safe to do so.

If county officials don’t like it, Musk said, they can arrest him, according to a report by Fast Company. Indeed, he tweeted on May 11, “Tesla is restarting production today against Alameda County rules. I will be on the line with everyone else. If anyone is arrested, I ask that it only be me.”

Indeed, he says, county officials are illegally flaunting California law. Also on Twitter, Musk noted, “Yes, California approved, but an unelected county official illegally overrode. Also, all other auto companies in US are approved to resume. Only Tesla has been singled out. This is super messed up!”

The tweet and decision to reopen Tesla’s only U.S. plant come after a dramatic weekend, during which Musk threatened to move the company’s headquarters from California to Nevada or Texas, Bloomberg reports.

The threat came after California Governor Gavin Newsom gave the okay last week for manufacturers in the state to start operations again, but Alameda County officials overruled that decision. It should be noted, however, that Governor Newsom granted local authorities the power to remain more restrictive with their stay-at-home orders than the state’s as a whole, essentially allowing them to decide when certain types of businesses can reopen in their areas.

That did not sit well with Musk, and Tesla then sued Alameda County over the weekend.. In response, Alameda County health officials issued a statement saying they were aware Tesla’s plant was reopening and hoped the company would choose to comply with local stay-at-home rules “without further enforcement measures.”

According to Fast Company, after Musk announced the Tesla plant would reopen, employees at the plant were emailed a memo announcing their furlough ended on Sunday and that they will be contacted within 24 hours with their return-to-work start date. Tesla said those who aren’t comfortable returning to work can stay at home—but they will be on unpaid leave and lose any jobless benefits.

The news outlet says that, since lockdown orders began, Musk has been the most vocal billionaire demanding people get back to work—going so far as to channel Trump in random outbursts on Twitter ranting against stay-at-home orders.

Research contact: @FastCompany

Gap is dedicating factories to make masks, gowns, and scrubs for healthcare workers

March 26, 2020

Gap is the latest retailer to announce a commitment to use its resources to create personal protective equipment for healthcare workers, Business Insider reports.

The clothing and accessories manufacturer and marketer announced on March 25 via Twitter, “Our teams are connecting some of the largest hospital networks in Calif. w/our vendors to deliver PPE [personal protective equipment] supplies, while we pivot resources so factory partners can make masks, gowns & scrubs for healthcare workers on the front lines.”

The company—which opened its first store in 1969 in San Francisco, selling primarily jeans and LP records—said it would connect with hospitals in California to deliver the supplies.

In order to provide the crucial and urgently needed supplies to healthcare providers, Gap made the decision to temporarily close its company owned and operated stores across North America, including Old Navy, Athleta, Banana Republic, Gap, Janie and Jack, and Intermix brands. The closures were effective March 19.

Other retailers have announced similar initiatives to support healthcare workers as the coronavirus prompts a nationwide shortage of masks and other protective equipment. In California, hospitals have turned to Los Angeles seamstresses to make masks.

Nike also announced it was creating personal protective equipment such as face shields to support doctors and nurses in Oregon. Zara announced a similar initiative.

Research contact: @GapInc

Biden gets another boost from rivals-turned-endorsers Buttigieg, Klobuchar, and O’Rourke

March 4, 2020

Following his bang-up win in the South Carolina primary on Saturday, February 29, former Vice President Joe Biden would be justified in invoking the famous Mark Twain quip, “The reports of my death are greatly exaggerated.”

Biden, who had been struggling until that crucial victory, took home 35 delegates (for a total of 54) and 48.4% of the vote from the Palmetto State; compared to Bernie Sanders’ booty of 13 delegates (for a total of 60) and 19.9% of the vote, The Huffington Post reported.

But the stakes were much higher on Super Tuesday, March 3, when 14 states—among them, California and Texas, with 415 and 228 pledged candidates, respectively—were scheduled to go to the polls for their Democratic primaries, as Yahoo reports.

However, a new wave of endorsements, coming the night before the Super Tuesday polls opened, could give Biden the boost from moderate voters that he needs.He appeared on stage with former rivals Amy Klobuchar and Beto O’Rourke on Monday night and presented his emerging two-person race with Bernie Sanders as a battle for the soul of the Democratic Party, NBC News reports.

Pete Buttigieg flew from South Bend, Indiana, to Dallas to endorse Biden before his rally but returned home and did not join the former vice president at the event.

At the rally, Biden told cheering supporters that Super Tuesday voters are “going to determine what this party stands for, what we believe,and what we’re going to get done” — and took a series of swipes at Sanders.

“If Democrats want a nominee who will build on Obamacare, not scrap it; take on the NRA and gun manufacturers, protect our children; who’ll stand up for the middle class, not raise their taxes and make promises that can’t be kept, then join us,” Biden said. “If Democrats want a nominee who’s a Democrat, a lifelong Democrat, a proud Democrat, a lifelong Democrat, then join us. We can either win big or lose big, that’s the choice.”

According to the NBC News story, a running theme in the remarks of Buttigieg, Klobuchar, and O’Rourke was that Biden is the party’s best chance at victory and offers a decent and caring alternative to President Donald Trump.

“We need somebody who can beat Donald Trump. The man in the White House today poses an existential threat to this country, to our democracy, to free and fair elections, and we need somebody who can beat him,” O’Rourke said. “In Joe Biden, we have that man.”

Buttigieg said Biden would “bring back dignity to the White House” if elected president and “change the toxic and divisive nature of our politics right now.”

“He is somebody of such extraordinary grace and kindness and empathy,” said the former mayor of South Bend, Indiana.

Klobuchar appeared to take a veiled dig at Sanders: “It is time for a president who represents all of America, including people at the middle of this country, at a time when we see people in extremes that are trying to drown out people,” she said.

Speaking to reporters in Salt Lake City, Utah, on Monday, Sanders addressed the consolidation of party elites behind Biden, calling it “a massive effort trying to stop Bernie Sanders,” NBC said.

“The corporate establishment is coming together. The political establishment is coming together and they will do everything. They are really getting nervous that working people are standing up…We are winning working class voters, by big numbers,” Sanders said. “So it doesn’t surprise me why would I be surprised that establishment politicians are coming together?”

Research contact: @NBCNews

Bud Light promotes special edition alien-themed cans, as ‘raid’ of Area 51 approaches

September 16, 2019

Next Friday, September 20, from 3 a.m. to 6 a.m. (PDT), a huge group of alien enthusiasts—close to a million—has agreed to meet up at the U.S. government’s off-limits, heavily guarded  Area 51 in the desert 80 miles north of Las Vegas “and coordinate our entry.”

And just in time for that raid—on a facility at which scientists are rumored to study actual alien bodies and spacecraft—Bud Light is introducing alien-themed cans of beer “for legal drinking age humans;” as well as special wearables, such as caps with alien artwork.

However, Bud Light and its parent company, Anheuser-Busch, have made it clear that they are not necessarily encouraging the attack on Area 51.

Calling itself “the favorite light lager of American Earthlings,” the  Bud Light brand says, “”The way we see it, we’d much rather people crack open a crisp Bud Light with alien visitors rather than storm Area 51. Nothing says ‘we come in peace’ like sharing a beer with friends from another place or another galaxy. We promised to have beer waiting for any alien that wants it and we plan to deliver on that promise. Our hope is that humans stock up, too—because you never know when you might need some Bud Lights to welcome intergalactic neighbors.”

Starting on September 13, the alien cans of brew went on sale in NevadaArizona, and California . The special-edition aluminum cans feature a green alien and black background, as well as a new crest welcoming all extraterrestrials from near and far to crack a cold one.

To bring the fun to fans everywhere, Bud Light also has produced a line of limited-edition merchandise—including not only the caps, but koozies, shirts, and bomber jackets. Legal drinking age fans can purchase items online from the www.abgiftshop.com at prices of $100 or less.

Research contact: @BudLight

California passes landmark bill requiring gig workers to be treated as employees

September 12, 2019

California lawmakers passed a landmark bill (Assembly Bill 5 ) on September 10 that promises to reshape how the peer-to-peer ridesharing and food delivery industries do business.

The legislation passed in a 29 to 11 vote in the State Senate and now moves on to the State Assembly, where if it passes, it will land on the governor’s desk.

The legislation, which is scheduled to go into effect on January 1, 2020, would require gig economy workers to be reclassified as employees instead of contractors, CNBC reports—affecting the operating plans on which Uber and Lyft base their current success.

But shares of Lyft popped more than 7.8% on Wednesday morning, while Uber climbed more than 4.5% after California Governor Gavin Newsom (D) told the The Wall Street Journal on Wednesday that he’s still engaged in talks with Uber, Lyft and other gig economy companies about possible negotiations around the bill. Newsom recently voiced his support for the bill, the news outlet said.

Additionally, CNBC says, the bill has received broad support from Democratic presidential candidates—among them, Senators Elizabeth Warren (D-Massachusetts), Bernie Sanders (I-Vermont) and Kamala Harris (D-California), and South Bend, Indiana Mayor Pete Buttigieg (D).

The bill has the potential to change the employment status of more than 1 million low-wage workers in California, including those at DoorDash, Postmates, and Instacart. It will make it harder for gig economy companies to prove that their workers aren’t staff, while ensuring key benefits and protections, like minimum wage, insurance and sick days.

But predictably, AB5 has attracted staunch opposition from gig economy companies. In an effort to push back against the bill, Uber and Lyft proposed establishing $21-an-hour minimum wage for drivers in California. The ride-hailing companies, as well as Doordash, have also pledged $90 million on a ballot initiative for the 2020 election that would exempt them from AB5.

Lyft spokesperson Adrian Durbin told CNBC that the bill has the potential to hurt drivers who prefer a flexible work schedule.

 “Today, our state’s political leadership missed an opportunity to support the overwhelming majority of rideshare drivers who want a thoughtful solution that balances flexibility with an earnings standard and benefits,” Durbin said in a statement. ”…We are fully prepared to take this issue to the voters of California to preserve the freedom and access drivers want and need.”

A DoorDash spokesperson said the company was disappointed by the decision, but said it was “committed” to establishing a guaranteed minimum wage, benefits, and other protections for its gig workers.

Representatives from Uber, Postmates and Instacart were not immediately available for comment.

Research contact: @CNBC

Aston Martin ballyhoos bespoke automotive ‘galleries and lairs’ at Pebble Beach

August 26, 2019

Aston Martin revealed a new design service for car enthusiasts this month at the Pebble Beach Concours D’Elegance in Monterey, California—the top-ranking collector car competition in the world.

The over-the-top amenity from the British independent manufacturer of luxury sports cars will enable collectors to create the perfect space for their beautiful car(s)—whether they envision that to be a bespoke garage or a complete, luxury retreat.

Q by Aston Martin is the marque’s bespoke personalization service, working with customers to create their perfect Aston Martin. The company describes Aston Martin Automotive Galleries and Lairs as “an opportunity for clients to work with [not only] the Aston Martin Design Team, but also with renowned architects, focusing on those with local knowledge and an excellent understanding of the specifics of the brief.”

Aston Martin Chief Creative Officer Marek Reichman says his team already has produced “exquisite interior design work” for the 66-storey Aston Martin Residences in Miami and also has collaborated on the design of Aston Martin’s first global brand center, the House of Aston Martin Aoyama, in Tokyo.

 “Imagine a home or luxury retreat built around your car,” said Reichman. “Picture creating the ultimate space to showcase your own automotive works of art. This is now achievable with this new offering. For the car enthusiast, the garage is as important as the rest of the house and a bespoke auto gallery designed by Aston Martin that either focuses on showing off the car or is part of a larger, integrated entertainment space with simulators and such like, takes Aston Martin ownership to the next level.”

Research contact: ampartnerships@astonmartin.com

Sticking to their guns: Walmart asks employees to pull violent video game signage from stores

August 12, 2019

Even a mass shooting at its El Paso, Texas, store is not enough to make Walmart gun-shy, it became apparent last week, when the major retail chain asked employees its employees nationwide on August 10 to take down signs and playable demos of violent video games—but made no changes to its policy on selling firearms.

According to a report by Reuters, in doing so, the retailer said it has taken the action following the mass shootings in Texas and Ohio in the past week, which left 31 people dead.

In an internal memo, the retailer asked employees to check their stores for signage or displays that contain violent or aggressive behavior and remove such items immediately. It also instructed employees to turn off hunting season videos.

The company has come under increasing pressure to act in the past few days. A petition started by Thomas Marshall, a category manager in Walmart’s San Bruno, California-based e-commerce business, to protest the retailer’s sale of firearms, has gathered more than 50,000 signatures by Friday, Bloomberg reported.

Walmart told Reuters there has been no change in its policy on gun sales after the mass shootings, one of which took place in a Walmart store. This has not always been the case: Years of public pressure led Walmart, the largest U.S arms retailer, to end assault-rifle sales in 2015 and to raise the minimum age for gun purchases to 21 in 2018.

Some gun control activists and Walmart customers now want the retailer to drop sales of guns and ammunition altogether.

Research source: @Reuters

Pundits shift nine House races toward Democrats

November 6, 2018

The nonpartisan Cook Political Report shifted nine House races toward Democrats in a new forecast published on November 5—the day before the midterm elections—The Hill reported.

The changes predicted by Cook are as follows:

Three races — in Texas’s 6th and 10th Congressional Districts and in West Virginia’s 2nd — moved from solid Republican to likely Republican. Two other races—Florida’s 25th and 6th districts, went from likely Republican to leaning Republican.

The movement is the latest indication that Democrats still have the upper-hand in the House prior to Tuesday’s midterms, when Democrats need to pick up 23 seats to regain control of the lower chamber. 

Research contact: @thehill