Politics

California takes on oil companies again with law that could cap profits in state

Gov. Gavin Newsom signed legislation that could force the oil industry to cap profits and reveal gas price data in its largest U.S. market – demonstrating his clout in a state dominated by Democrats and the weakening of a once powerful lobby.

New California gas price law another defeat for oil industry

It was just a few weeks ago that California Gov. Gavin Newsom called the oil industry the second most powerful force on earth, trailing only Mother Nature in its ability to bend the elements — both physical and political — to its will.

Reparations for Black Californians could top $800 billion

It could cost California more than $800 billion to compensate Black residents for generations of over-policing, disproportionate incarceration and housing discrimination, economists have told a state panel considering reparations.

Permit to buy handgun no longer required in North Carolina

North Carolina residents can now buy a handgun without getting a permit from a local sheriff, after the Republican-controlled legislature on Wednesday overrode the Democratic governor’s veto — a first since 2018.

Biden: GOP policies would surrender tech economy to China

 President Joe Biden said Tuesday that Republicans’ ideas for cutting the budget could undermine U.S. manufacturing and help China dominate the world economy.

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