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On January 1, the U.S. Court of Appeals for the 9th Circuit made permanent the preliminary injunction it issued last year prohibiting the state from enforcing legislation that sought to ban the use of arbitration in employment.
The California Chamber of Commerce today released the following statement in response to the Governor’s outline of funding priorities for 2024:
The California Chamber of Commerce and a coalition of employer groups and local chambers of commerce remains opposed to AB 1000 (Reyes; D-San Bernardino), identified last year as a job killer and de facto ban on warehouses.
CalChamber Quarterly Economic Report CalChamber, December 18, 2023 2024 California Legislative Calendar
There’s a heavy cloud over Sacramento when legislators return to work in the Capitol this week, one with a $68 billion price tag.
California’s Private Attorneys General Act (PAGA) is broken, ineffective and inefficient for workers and unfair for thousands of businesses. Under the lawsuit-first system, workers get pennies on the dollar while lawyers make billions, and thousands of California businesses are targeted with predatory, shakedown lawsuits over minor errors.
As part of Governor Newsom’s Real Public Safety Plan, in the first 11 months of the year alone, the California Highway Patrol (CHP) — through its Organized Retail Crime Task Force (ORCTF) — increased proactive organized retail crime operations by more than 310%, made more than 1,000 arrests (a 109% year-over-year increase) and recovered 187,515 items stolen from retailers (38,600 more items than last year).
The California Chamber of Commerce Board of Directors has voted to endorse Proposition 1, a key element of Governor Gavin Newsom’s response to the state’s mental health and homelessness crises.
On the heels of last week’s release of the final Environmental Impact Report (EIR) on the Governor’s Delta Conveyance Project (DCP), organizations representing thousands of social justice leaders, business and labor groups, water agencies and family farmers sent a letter to California Governor Gavin Newsom voicing their strong support for moving this project forward as quickly as possible.
AI excitement has affected performance and valuation. The 7 Tech Titans have produced an average return of 88% in 2023 as investors chase the AI theme. In contrast, the remaining Standard & Poor’s (S&P) 493 stocks have produced a modified market cap-weighted return of only 1%.