Is there hope for California, after all?
California is catching the deregulation bug. The state legislature has apparently realized that people need houses too, and sometimes the endangered insects have got to go. On Monday, Gavin Newsom signed a bill streamlining permitting for building projects mired in environmental review. About time, says Cockburn. Consider for a moment the California High-Speed Rail, a project to connect San Francisco and Los Angeles, which has yet to emerge from environmental clearance despite starting in 1996. The budget has multiplied, in the meantime, from $30 billion to $100 billion. The segment just from San Francisco to San Jose, where the train would use pre-existing Caltrain rail, almost limped across the permitting finish line in 2021.