economics
Joshua Morris (opens on the publisher’s site)
joshuamorris.info
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Proposition 1 authorizes $11.25 billion in housing bonds. Ten billion is repaid from the General Fund. The veterans' piece is repaid by the veterans.
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Proposition 42 would forbid a new state tax on owning personal property, including retirement accounts, and would limit taxes that reach backward.
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Plain-English notes on California's November 3, 2026 ballot measures, from the Official Voter Information Guide and the ballot text.
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Proposition 41 pairs public audits of certain new special taxes with a rule against parking new state taxes outside the spending limit.
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The global fuel crisis is exposing tight refinery capacity, fragile transport routes, and how little slack remains when energy systems fail together.
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Canada's crude oil is becoming more valuable as U.S. refineries run near capacity, revealing how deeply the two countries' energy systems remain linked.
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De Nederlandsche Bank moved 86 tonnes of gold from the United States and Canada toward London for crisis preparedness—liquidity and diversification, not a secret election forecast.
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Proposition 40 is a proposed one-time billionaire wealth tax, plus a threshold declaration for resident tax filers. This note reads the November 2026 ballot text, not the commercials.
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Tim Hardwick interviews Ed Zitron for MacRumors on unsustainable AI economics— arguing the bubble is real while the technology is not fake, so the crash may cull valuations and promises without ending useful models.