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SACRAMENTO — Gov. Jerry Brown's new budget proposal would continue to improve California's finances, but his plans for financing bullet train construction and a lack of new money for the cash-strapped teacher pension system are troublesome, the Legislative Analyst's Office said Monday.
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Then next year — perhaps when Democrats recapture supermajority control of the Legislature after Donald Trump sours voters on Republicans — Brown can renegotiate another way to finance his bullet train.
Senators share their doubts about bullet train financing with rail officials.
An audible gasp passed through the room, as we had just heard testimony from Palestinian students, one who had lost a cousin because they could not pass a checkpoint to get their medication; another whose brother was shot in the back with a bullet probably financed by US tax dollars.
Not until Nicolas Sarkozy took over four months later did France's financiers bite the bullet, offering 100% financing, with no money down.
Caroline Abrahams, charity director at Age UK, which is itself hoping to use social impact bonds to develop and spread its preventive work in Cornwall (see page 5), says: "Social finance isn't a magic bullet but we believe it has a significant role to play in strengthening social care in this country, particularly by supporting innovation and by helping to bring good ideas to scale".
Rail board member Mike Rossi told a legislative hearing this week that incorrect data undergirds a downbeat analysis of the bullet train's finances published recently by four Peninsula-based financial experts.
"That's not really a silver bullet," said Mr. Burke, the finance committee chairman.
On simple documents -- a book chapter, a home-finance spreadsheet, your basic bullet-points slide show -- the translation is flawless.
It is also hoped that the scheme, up to 80% financed by Chinese loans, will be a silver bullet in Lesotho's impoverished economy.
Instead, finance ministers signed up to a pithy list of bullet points, pledging to unleash all the policy weapons at their disposal against the crisis.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com