Editor for Bloomberg News. Dad. Fly Fisherman. Photographer. Air Force Veteran. Red Sox Fan.

California Agency Abandons Plans to Regulate Digital Currency

bloomberg.com — Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Alaska Governor Vetoes $3 Billion From Budget as Oil Taxes Lag

bloomberg.com — Alaska Governor Bill Walker vetoed $3 billion from the state budget and said he may have to furlough government workers as lawmakers remain at odds over how to deal with a deficit caused by plummeting oil taxes and royalties.

Brown Warns Drought Means California Must Adapt to Drier Future

bloomberg.com — California Governor Jerry Brown said residents must reconcile themselves to a more arid way of life to endure a historic drought. "Things are changing," Brown told a gathering of water district officials in Sacramento on Wednesday after regulators for the first time required urban water cutbacks.

Peeping drones spur states to ground voyeuristic flights

sltrib.com — For less than $1,000, small, remotely operated aircraft are increasingly available on the Internet and at hobby stores, and some can be equipped with equally affordable high-definition cameras. At the same time, some of America's biggest companies - names like Chevron and BNSF Railway - are pushing to use drones for everything from pipeline inspection to land surveys.

Creeps Embrace a New Tool: Peeping Drones

bloomberg.com — It was the blinking lights outside the 10th-story window of her San Jose, California, condo that startled Elsvette Buenaventura from her bed last year. When she drew back the curtain, a small drone hovered a few feet away. In the days that followed, it returned at least three more times.

California Cuts Environment Spending in $15 Billion Water Plan

bloomberg.com — California Governor Jerry Brown will scale back plans for habitat restoration in an ecologically sensitive delta to construct two $15 billion water tunnels to help the state withstand droughts like the one now gripping the region.

California’s Brown Seeks Nation-Leading Greenhouse Gas Reduction

bloomberg.com — California Governor Jerry Brown ordered emissions of greenhouse gases reduced to almost half what they were a quarter century ago, the most ambitious statewide effort to combat climate change in the U.S. Brown, a 77-year-old Democrat, issued an executive order establishing a target of 40 percent below 1990 levels by 2030.

California Mandatory Water Restrictions Pit Crops Versus Lawns

bloomberg.com — California Governor Jerry Brown's decision to exclude farms from water-use restrictions to counter the state's historic drought has reignited tensions between homeowners who covet green lawns and pools and farmers who produce half the produce grown in the U.S. Farmers, who account for 80 percent of human water use in California, have seen supply curtailed amid worsening drought, Brown said.

Calpers Seeks 12% Jump in California’s Payment to Pension Fund

bloomberg.com — The California Public Employees' Retirement System said the state's annual pension contribution needs to jump by 12 percent because of payroll growth, salary increases and the longer lives of retirees. The payment to the pension fund would increase by $487 million to $4.7 billion during the fiscal year beginning in July, according to recommendations approved by the fund's finance and administration committee Tuesday.

Calpers’ Performance Fees to Wall Street Rise 6% as Assets Climb

bloomberg.com — The California Public Employees' Retirement System's performance fees to Wall Street firms rose 6 percent last year to $420 million as the value of its portfolio gained 18 percent. Managers in the real asset portfolio, which includes real estate, infrastructure and forest land, earned $261 million in profit-sharing fees in the year ended in June, according to a report Monday by Chief Operating Investment Officer Wylie Tollette.
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May 22, 2015

RT @mercnews: Vandals damage dam, nearly 50 million gallons of water pours into Bay bayareane.ws/1Q2i57V

May 21, 2015

RT @BChappatta: Literally four minutes after Moody's downgrades Puerto Rico: *S&P PLACES CALIFORNIA 'A+' GO RATING ON CREDITWATCH POSITIVE

May 21, 2015

Some people lose billions of dollars like the rest of us lose change in the couch. A must read. bloom.bg/1Grohp4 via @business

May 20, 2015

. #cabudget bucking the trend: For Many American States, It's Like the Recession Never Ended bloom.bg/1JyeOxf via @business

May 20, 2015

RT @WGlasgall: Time for even more budget gimmicks? @mniquette finds in many states it's like recession never ended, bloom.bg/1JyeOxf via @business

May 19, 2015

And what's with that. @potus has been on #Twitter two days and already is a #VerifiedAccount account! I'm 4 years into it and still waiting.

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