When bongs and banks intersect

Apr 24, 2017

San Francisco is looking to create the nation's second publicly owned bank, stemming solely from the state's marijuana legalization effort.


The Chronicle's EMILY GREEN: "This time San Francisco wants to be second — second in the nation to have a publicly owned bank, that is. There’s only one right now: the Bank of North Dakota."

"The reasons? The legalization of marijuana in California, the constant demand that the city divest from one bank or another for one political reason or another, and the fact that undocumented immigrants can’t get bank accounts."

"The time is now to begin addressing this, because people in San Francisco are at a point where they are no longer willing to accept the status quo and they are open to exploring other alternatives,” said Supervisor Malia Cohen, who wants to create a task force to assess the feasibility of establishing a San Francisco-owned bank."


READ MORE related to Economy: For 90 years, Californians have tried to kill this tax board. This is why they failed -- Sacramento Bee's ADAM ASHTONWith Ringling Bros. out of the circus biz, who will fill its clown shoes? -- Daily News' NEIL NISPEROS/PENNY AREVALO; North Korea on a bun: What the legendary Koryo Burger tells us about the isolated nation, and ourselves -- LA Times' JONATHAN KAIMAN; Here's why Chinese money is pouring into Temecula's wine region -- LA Times' DAVID PIERSON; In a California farm town, the border is just a line that must be crossed every day -- LA Times' HAILEY BRANSON-POTTS; Sacramento's new home market is blossoming this spring, but one new neighborhood struggles to keep up -- Sacramento Bee's TONY BIZJAK


Several fire stations in Northern California face closure as the results of a 2015 fire services study audit.


Chico ER's RISA JOHNSON: "Before the Board of Supervisors Tuesday is a recommendation to close Cal Fire-Butte County Station 42 in Chico, or ask the city to fund it, and also the closure of several stations in the county outside of fire season."

"This recommendation comes as Cal Fire employees have been awarded raises the county says it just can’t pay for, facing budget restraints. The county commissioned a third-party consultant to complete a fire services study of the area in 2015 and that report was just published."

"The three stations that are suggested to be open during fire season only, which typically runs from May to November, include: Station 13 in Stirling City, Station 36 in Jarbo Gap and Station 62 in Berry Creek. Each of the stations averaged fewer than one call for service per day between Nov. 1, 2015, and April 30, 2015, according to the third-party study."


READ MORE related to Public Safety: Two people found dead in Sacramento street robbery, marijuana home invasion -- Sacramento Bee's ELLEN GARRISON


Recent license fees/gas taxes approved by the Legislature are slated to bring $13m annually to Butte County.


Chico ER: "The gas tax and vehicle license fee increases approved by the Legislature this month would bring almost $13 million a year to Butte County for 10 years."

"Senate Bill 1 still has to be signed by Gov. Jerry Brown, but as he lobbied extensively for it so he’s expected to do so."

"The bill would raise an estimated $5.2 billion statewide each year for 10 years. It would increase the gas tax 12 cents a gallon and the diesel excise tax 20 cents a gallon, as well as upping the diesel sales tax 4 percent. A new vehicle license fee would be imposed, ranging from $25 to $175, based on the value of the vehicle. A $100 annual vehicle registration fee for zero-emission cars would be imposed starting in 2020."


READ MORE related to Transportation: Giving driver's licenses to those here illegally transformed many lives. Then came Trump -- LA Times' BENJAMIN ORESKES/RUBEN VIVES


Tech conferences in California offer an opportunity to bridge the gap between developer and executive, a rarity that Silicon Valley appreciates.


LA Times' MARISSA LANG: "Mark Zuckerberg entered the throng of developers smiling."

"It was the first day of Facebook’s annual F8 developer conference, and the CEO had just finished extolling Facebook’s innovations in messaging, augmented and virtual reality and social networking. As conference goers gawked at Zuckerberg, clad in a sweatshirt and jeans, outside the main convention hall, he extended his hand to greet people face-to-face."

"This, developers said, is the reason they go to conferences: to press the flesh with the executives, engineers and other people who create the technology so many of them rely on to build the tools, apps and products they sell. It’s a non-virtual reality that augments what they do."


READ MORE related to Local: Kamala Harris gets star treatment and no protests at her town hall -- Sacramento Bee's SEAN COCKERHAMA proposed statue with a Chinese face sparks resistance and debate in Monterey Park -- LA Times' FRANK SHYONG; 'City of Trees' or 'America's Farm-to-Fork Capital'? Water tower uproar reflects Sacramento's changing identity -- Sacramento Bee's WALTER KO; March for Science draws thousands to Capitol with chants to 'Make America think again' -- Sacramento Bee's NASHELLY CHAVEZ


The looming budget deadline has put a renewed pressure on congressional Democrats to pay for Trump's Mexico border wall.


AP's CATHERINE LUCEY/HOPE YEN: "With a budget deadline looming, President Donald Trump plans a whirlwind of activities seeking to highlight accomplishments while putting fresh pressure on congressional Democrats to pay for a wall on the U.S.-Mexico border, even if that pressure risks a possible government shutdown."

"Trump approaches the symbolic 100-day mark for his administration this coming week juggling a renewed health care push and his demands that a must-pass government funding bill should include money for the wall."

"In a tweet Monday, Trump said his proposed border wall would be “a very important tool in stopping drugs from pouring into our country and poisoning our youth (and many others)!"


The center and hard-right are taking center stage in France's election as the French primary passes with the populist Le Pen and centrist Macron leading in votes.


Daily News' JOHN LEICESTER/LORI HINNANT: "Centrist Emmanuel Macron and far-right populist Marine Le Pen advanced Sunday to a runoff in France’s presidential election, remaking the country’s political landscape and setting up a showdown over its participation in the European Union."

"French politicians on the left and right immediately urged voters to block Le Pen’s path to power in the May 7 runoff, saying her virulently nationalist anti-EU and anti-immigration politics would spell disaster for France."

"Extremism can only bring unhappiness and division to France,” defeated conservative candidate Francois Fillon said. “As such, there is no other choice than to vote against the extreme right."


READ MORE related to Beltway: 2020 California presidential primaries could be held in March -- The Press-Enterprise's ALEJANDRA MOLINA; North Korea has detained a US citizen, potentially raising tensions -- LA Times' JONATHAN KAIMAN


New state AG Xavier Becerra says California is 'not in the business of deportation.'


AP: "California Attorney General Xavier Becerra says his state is committed to keeping families together and is "not in the business of deportation."

"Speaking Sunday on ABC's "This Week," Becerra hit back at a White House letter demanding California and other areas help enforce federal immigration law or risk losing federal grants."

"He told host George Stephanopoulos that the U.S. Constitution gives states the right to decide how to police its citizens."


April showers aren't ready to make way for May flowers just yet as another wet snap is expected early this week.


Sacramento Bee's ELLEN GARRISON: "After a rain-soaked winter, Sacramento has yet to escape into dry weather, according to the National Weather Service."

"More rain is headed our way on Monday."

“People shouldn’t be fooled by the dry and mild weather today,” said NWS Meteorologist Eric Kurth. Forecasts show some wet weather coming into the region from the north."


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