California

Why SVB was more than just a Big Tech bank

Silicon Valley has finally started to breathe easy, though not too easy. It has been a tense few days for everyone in the technology industry. Startup founders, their employees, their investors, lawyers, accountants, doctors, and countless others who make a living from the innovation ecosystem have been suffering from collective apprehension. The culprit was the seemingly sudden failure of Silicon Valley Bank, or SVB, as it was known around Silicon Valley. SVB, which started as a small regional bank in 1983, transformed itself into a technology-focused bank in the early Nineties. Its rise reflected the growing fortunes of the technology industry at large.

Downfall of the California Maskies

Remember three years ago this month when shoppers were emptying supermarket shelves and locking themselves down inside? The masking of America was beginning — and for some it has never ended. On March 4, California’s governor Gavin Newsom terminated a three-year Covid state of emergency. His Department of Public Health will end mask requirements in medical facilities, prisons and homeless shelters beginning April 3. The nation’s official public health emergency will end on May 11. Blue-state and federal authorities are having a hard time letting go of the crisis. With the end of California’s rules, the city of San Francisco — bless its heart — has instated its own mandatory masking.

The liberal rednecks of Northern California

"San Francisco is the only city I can think of that can survive all the things you people are doing to it and still look beautiful,” said Frank Lloyd Wright. You might say the same thing about Marin, the county you enter upon crossing the Golden Gate Bridge from out of the City of Fog, where my mother moved several years ago to be with my stepdad. Arresting in its natural beauty, gratifying in its varied and delicious cuisine, shocking in its exorbitant property values, Marin ranks in the top ten nationally for median household income. My mother’s town, like many around it, has not a little character. There's the old colonial Spanish influence, evidenced in the mission churches and the names of some of the communities: San Rafael, Corte Madera, San Anselmo, San Geronimo.

Arnold Schwarzenegger’s leftward turn

In the '80s and early '90s, there was perhaps no greater cinematic hate figure for liberals than Arnold Schwarzenegger. Since his first big hit in the politically dubious Conan the Barbarian (Roger Ebert wrote of the film's James Earl Jones-decapitating ending, “I found myself thinking that Leni Riefenstahl could have directed the scene, and that Goebbels might have applauded it”) he became a Reaganite fantasy, disposing of foreign-accented villains who threatened the good ol’ United States of America with little more than automatic weaponry and an Austrian-accented quip. Never mind that his father Gustav was a leading light of the Nazi party.

The California rush to replace Dianne Feinstein

California senator Dianne Feinstein, eighty-nine, whose mental decline has long been an open secret, announced her 2024 retirement last week. This comes on the heels of a stinging Sacramento Bee editorial withholding endorsement for her replacement and an accelerating race for her seat. Senator Feinstein has no public plans to resign. She says she will serve out her full term, preventing an appointment by Governor Gavin Newsom. Efforts to force her out of office early will persist. When Feinstein ran for the Senate in 2018, she obtained just 54 percent of the primary vote against fellow Democrat Kevin de León, a widely despised figure in California politics, now clinging to his Los Angeles city council seat after being exposed as a cutthroat diversity fraud.

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The earthquake that will devastate Seattle

At around eleven in the morning on February 28, 2001, I was standing in front of a mirror in my home in suburban Seattle, adjusting what remained of my hair prior to driving downtown to meet a friend for lunch, when the ground began to shake beneath my feet. The movement lasted about twenty seconds and wasn’t entirely unpleasant, with just the slightest hint of the old days when I was a devotee of Bacchus. After a bit, I checked that the house was all right, looked in on my infant son peacefully asleep in his crib, said goodbye to my wife, started the car and went on my way into the city. It was bedlam out there.

Kamala Harris should run for Senate again in California

Here's an idea that won't happen but should: if Kamala Harris really wants to reset her political future — and strike back hard against the naysayers in Washington who have undermined her for the past two years — she should consider replacing Dianne Feinstein in the Senate. Hear me out, and feel free to play the theme from The West Wing or House of Cards in the background. Democrats are transparently paranoid about Kamala Harris's failure to launch. She's viewed as a major liability, and should she be the nominee in 2024 through happenstance or an unexpected Joe Biden retirement, most Democrats in Washington feel she would lose to any Republican, even Donald Trump.

US Vice President Kamala Harris traveling to Guatemala (Photo by JIM WATSON/AFP via Getty Images)

How teachers’ unions could unwittingly usher in school choice

In a surprise development, teachers' unions in eight states recently announced drives to pass legislation that would establish so-called “wealth taxes.” Working with progressive legislators in California, Connecticut, Hawaii, Illinois, Maryland, Minnesota, New York, and Washington, the unions have devised what they believe are the best ways to tap, not just the incomes, but the assets of the most successful earners. Under the bill proposed in California, for example, residents with both financial and illiquid assets would be required to file yearly reports on their holdings, obligating those worth more than a certain amount to pay 1 to 1.5 percent of the total to Sacramento, even if they move out.

Climate warriors are trying to make parking more difficult

Progressives have long sought ways to get us out of our cars. In recent months, a little-reported trend has emerged in furtherance of this goal: the elimination of parking minimums for new housing developments. A host of cities has done this, either citywide or in select districts, among them Anchorage, San Jose, Raleigh, Minneapolis, Nashville, and Sacramento. California’s Gavin Newsom recently became the first governor to sign legislation prohibiting parking minimums statewide for projects within a half mile of a major transit stop. Liberal policymakers contend that parking minimums are bad for the climate and make housing needlessly expensive by forcing everyone, including those who don’t own cars, to pay for parking.

Gavin Newsom has no right to talk about other states’ crime rates

Gavin Newsom is running for president. Sure, he hasn’t announced it and has claimed he’s “all in” for Biden, but he’s increasingly taking time off from personally disrupting the nation’s Dapper Dan supply chain in order to weigh in on national issues, measure the drapes, and attempt to troll Republican governors. His latest salvo, directed toward Sarah Huckabee Sanders, who was sworn in as Arkansas’ governor about 15 minutes ago, claims that “While [Sanders] touts public safety, here is what she skips over: Arkansas has the one of the highest murder rates in the nation.” This is, of course, true. In 2020, the last year for which CDC stats are available, Arkansans have a much greater chance of being murdered than Californians.

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Oh no: Adam Schiff announces for California Senate

If you thought the California nightmare was bad enough, things are about to get much worse. It pains Cockburn to tell you that Representative Adam Schiff is running to replace Dianne Feinstein in the US Senate. His announcement follows hot on the heels of his being booted from the House Intelligence Committee and the resulting wave of media attention. https://twitter.com/adamschiff/status/1618626586303160325 In the opening lines of his video announcement, Schiff says he “always believed that what’s right matters, that the truth matters — and that decency matters.” This is the same Adam Schiff who for years promised he had the goods on Trump’s Russia collusion, that some new conclusive evidence had been found that Trump was a Russian catspaw.

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Bret Easton Ellis’s comeback is a bloody masterpiece

Bret Easton Ellis has a secret. It’s what happened to him and his friends in the fall of 1981 in his senior year at Buckley, a private high school in Sherman Oaks, California. It’s about a hippie cult and serial killer known as “The Trawler” and the disappearance of his friends. It’s about how all this is somehow tied to the arrival of a new student that year, Robert Mallory. It’s a true story. The Shards is Ellis’s seventh novel, published nearly thirteen years after his previous book, Imperial Bedrooms. He has tried to write this novel twice before, once when he was nineteen and again when he was forty-two. That second attempt led to an anxiety attack that had Ellis rushed to the emergency room at Cedars-Sinai. At least, that’s the story.

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Does your mass shooting suit my worldview?

In the wake of Saturday’s horrific shooting at a Lunar New Year celebration in the heavily Asian neighborhood of Monterey Park, California, Democratic lawmakers sprang into action, speculating that the violence may have been racially motivated. Hours later it emerged that the shooter was himself also Asian. The frequency of mass killings in this country is harrowing. But Cockburn finds such tragedies are made all the more gruesome when politicians so often jump ahead of the facts, ascribing motivations or reasons to the violence that are politically beneficial to them or fit their ideological framework. Representative Adam Schiff, for example, pegged “bigotry towards AAPI individuals as a possible motive.

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Why California’s rainstorm ‘disaster’ is a blessing

No doubt California’s extreme weather makes for dramatic television, and for climate eschatologists it stirs up another round of end-times unease. California cliffs tumbling onto highways and sinkholes appearing out of nowhere have been all over the news. Lowland and flood plains are underwater up and down the state. Dry creeks have been raging torrents. One Guardian headline goes, “California’s rainstorm hell ‘among the most deadly disasters in our history.’” California governor Gavin Newsom tweets, “California is proof that the climate crisis is real and we have to take it seriously.” Both the media and Governor Newsom should get a grip. There is no evidence that climate change is to blame for these heavy rains. California has long suffered from extreme weather.

The weirdest stuff you can get at the Twitter auction

Elon Musk’s Twitter is holding a massive auction to sell its surplus office assets — and it is quite an eclectic selection. Cockburn is wowed by what the company's old guard has blown on superfluous products (the Kegerators, however, were an excellent choice). Here are some of the most interesting "assets" Twitter is liquidating. Neon Twitter Bird Light Electrical Display With a current bid of $35,500, this display tops the list for expensive lots. Ideal for anyone who wants a giant glowing bird in a booth for their living room. At ten feet tall, you may have to carve a hole in the ceiling to fit it into your home. Twitter Bird Statue Want to save a little money but still have a giant blue bird? This lot is the right fit for you!

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Who wants to work for the Katie Porter campaign?

Congresswoman Katie Porter of California announced on Tuesday that she would be running for Senator Dianne Feinstein’s seat.  But given Porter’s supposed office conduct, Cockburn can't help but wonder if anyone would dare to work for her campaign. Former staffers for the representative have made allegations that Porter “says rude/racist things” and “talks [expletive] about other members, leadership, staffers, local electeds etc.” It was earlier reported that Porter had mistreated a staffer for having caught and transmitted Covid to the congresswoman. After the staffer apologized via text message, Porter replied, “Well, you gave me Covid. In twenty-five months, it took you not following the rules to get me sick.

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An LA adventure

For years I have read the likes of Raymond Chandler and John Fante and rewatched Chinatown in preparation for our occasional sojourns to Los Angeles (my wife is a native Angelena), but after the stupefaction induced by our last trip, I chose Charles Bukowski, the flophouse poet of hangovers, for our first post-Covid invasion. “Los Angeles is a Cross, and we all hang here, stupid little Christs,” wrote Bukowski in a 1967 letter. That line seems off to me, self-consciously poète maudit, but I always cut poets of place a break.

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Inside Joan Didion’s extravagant estate auction

On December 23, 2021, I left the Hollywood Roosevelt and walked down North Orange Drive to turn right and face Sunset Boulevard. It was dark when I passed the entrance to the Chateau Marmont. When I finally crossed the street to arrive at Book Soup, the “Bookseller To The Great & Infamous,” I turned to the cashier and asked if they had copies of Play It As It Lays by Joan Didion. He huffed, “Uh, yeah, we’re sold out.” Joan Didion had died earlier that day in Manhattan due to complications of Parkinson’s Disease.

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The battle for Los Angeles drags on

On the surface, the contrast between the two candidates in the Los Angeles mayor’s race couldn't be starker. Rick Caruso – a white, family-friendly mall impresario with a sparkling tan and pristine suits — against Karen Bass — a black female nurse-turned-community organizer-turned congresswoman. Yet, when Bass and Caruso were asked at the closing of their initial debate, “What is one word to describe the state of Los Angeles?” they both had the same answer: “Crisis.

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