Tag Archives: california

Epic Drought in California Unlikely to Ease | Scientific American

California will remain in the stranglehold of drought at least until September, even as a climate system in the tropical Pacific Ocean that would have brought rainfall to the parched state appears to be weakening, according to the National Oceanic and Atmospheric Administration’s monthly climate update released yesterday.

Weather watchers had been hoping that an El Niño, which occurs when an area of the tropical Pacific Ocean warms by at least 0.5 degrees Celsius above normal, would bring moisture to the West Coast

Read More.

Californians willing to pay for infrastructure improvements | California Economy, California Economic Summit

A whopping 80 percent of survey respondents expressed a willingness to pay at least something to better maintain and improve California’s infrastructure, including paying increased gas and property taxes. Where respondents varied was on how much and by what method everyone should pay. 21 percent of survey takers felt tying who pays to who uses the infrastructure would be the most fair.

Read Article.

Does Radioactive Tuna Mean Fukushima Was Worse than Expected? | LifesLittleMysteries.com

Radioactive isotopes from Japans Fukushima nuclear disaster turned up in bluefin tuna caught off California in August, a new study reports. The 15 fish that were tested contained 10 times the background levels of radioactive cesium, including a short-lived isotope that the fish must have absorbed while swimming in contaminated waters near Japan before migrating east across the Pacific.

Read Article.

July California Tax Revenues Plunge More Than 10% Below Expectations | ZeroHedge

The first rule is...

…we once again get a reminder that life in the real economy, there were people can not just print their way out of trouble, practical issues such as reality still matter.

Read Article.

Controller Urges Support for CalPERS, CalSTRS Reform | California State Controller

State Controller John Chiang today announced he is sponsoring two bills to improve the performance of and the public’s confidence in the nation’s two largest public pension funds – the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS). The bills would cap the amount of gifts members and staff may receive each year, and require a pension fund board member or employee to wait two years after leaving before working with a firm that has business with the funds.

Continue reading

Gov. Schwarzenegger Announces Loan Applications for Clean Energy Business Financing Program Available

California Clean Energy Manufacturers Will Receive $30 million
The California Energy Commission today released the applications for the Clean Energy Business Financing Program (CEBFP), making available more than $30 million in low-interest loans to eligible California clean energy manufacturing businesses. The CEBFP will use American Recovery and Reinvestment Act (Recovery Act), State Energy Program (SEP) funds for 2.75 percent interest rate loans to private companies to reduce energy use, increase renewable energy generation, and create and retain California jobs.

“These loans for small business clean energy manufacturers will create jobs and upgrade our aging infrastructure,” said Governor Schwarzenegger.  “California is paving the way for a new economic foundation for the 21st century, showing once again that what benefits the environment can also benefit the economy.”

Loans to qualifying applicants will range from $50,000 to a maximum of $5 million and may be used to expand or retool existing facilities for the manufacturing of eligible energy efficiency or renewable energy products, components, systems and technologies. Loan funds are also available to successful applicants for projects generating either new production or expanded production of biomethane gas from biomass that is direct-injected into natural gas transmission lines.

“What these clean energy entrepreneurs require is affordable capital – private and public funding that keeps jobs and manufacturing in California and strengthens the state’s economy,” said California Energy Commission Chairman Karen Douglas. “These low interest loans will help manufacturers to produce their renewable or energy-efficient products, benefiting Californians and recouping some of our state’s lost manufacturing jobs.”
Continue reading

CA i-HUB Initiative- ROUND II GUIDELINES RELEASED

From Michael Gonzalez at the Governor’s Office of Economic Development:

The CA i-HUB initiative is designed to promote collaboration, create employment opportunities, shorten the commercialization process

and attract funding for technology.  Our new colleague, Katy McKenzie, is the Assistant Deputy Director for Innovation at our office and will be the primary contact for the CA iHub Initiative.  For more information about the program as well as the guidelines for Round II, please see the attached pdf files or visit our website at business.ca.gov.

*****Round II offers two application deadlines. Applications can be submitted on either May 20 or July 22!*****

Please send any questions about this initiative to katy.mckenzie@gov.ca.gov.

Round II iHub Guidelines GoED Guidelines Release, 4.22.10