California
Bettor up! Record spending on California gambling question
LOS ANGELES — The marketing campaign that would convey legalized sports activities betting to California is the costliest ballot-initiative battle in U.S. historical past at about $400 million and counting, pitting rich Native American tribes towards on-line playing firms and less-affluent tribes over what’s anticipated to be a multibillion-dollar market.
A torrent of promoting has buffeted Californians for months, a lot of it making guarantees far past a plump payoff from a sport wager. Some adverts coming from the consortium of playing firms barely point out on-line betting.
As a substitute, the adverts tease a cornucopia of advantages from new revenues — serving to the homeless, aiding the mentally in poor health and offering monetary safety for poorer tribes that have not seen a windfall from on line casino playing. Additional clouding the problem: There are two sports activities betting questions on the poll.
The skeptics embody Democratic Gov. Gavin Newsom, who hasn’t taken a place on both proposal however has stated Proposition 27 “shouldn’t be a homeless initiative” regardless of the claims in promoting.
Claremont McKenna School political scientist Jack Pitney stated “one thing for nothing” guarantees have been used up to now to promote state lotteries as a boundless supply for training funding. It is political salesmanship, “not a cure-all,” he stated.
With the stakes excessive, over $400 million has been raised thus far – simply a nationwide document for a poll initiative battle, and almost doubling the earlier mark in California set in 2020 — with one other seven weeks to go till balloting ends on Nov. 8.
“They’re spending a whole lot of tens of millions as a result of billions are on the road,” stated longtime Democratic advisor Steven Maviglio, referring to potential future earnings from expanded playing within the state of almost 40 million folks.
“Either side stand to actually get wealthy for the long run,” stated Maviglio, who shouldn’t be concerned within the marketing campaign. It might change into “a everlasting funding supply for a handful of firms — or a handful of tribes.”
All of it might be a nasty guess.
With the midterm elections approaching, voters are in a foul temper and cynical about political gross sales pitches. And with two comparable proposals on the poll, historical past means that voters are inclined to be confused and seize the “no” lever on each.
“When unsure, folks vote no,” Pitney stated.
In California, playing now’s permitted on horse races, at Indian casinos, in cardrooms and the state lottery. However the state has been one thing of a laggard in sports activities betting, which has been spreading throughout the nation.
The 2 proposals would open the best way for sports activities betting, however in strikingly alternative ways.
Proposition 27 is backed by DraftKings, BetMGM, FanDuel — the latter is the official odds supplier for The Related Press — and different nationwide sports activities betting operators. The proposal would change state regulation to permit on-line sports activities betting for adults over the web and on telephones or different cell units.
Multistate operators could be required to associate with a tribe concerned in playing, or licensed tribes might enter on their very own. Nevertheless, the tribes argue they must give up a few of their independence to enter the deal. A tax would cowl regulatory prices, with the majority of the rest earmarked for homeless applications, and a slice going to tribes not concerned in on-line betting.
A rival proposal backed by many tribes, Proposition 26, would let folks wager on sporting occasions in individual at retail places — casinos operated by tribes and the state’s 4 licensed horse racing tracks. A portion of a ten% tax would assist pay for enforcement of playing legal guidelines and applications to assist individuals who have a playing habit. It additionally might open the best way for roulette and cube video games at tribal casinos.
A handful of political committees are within the middle of the battle, elevating funds and dueling for public assist.
The Sure on 26, No on 27 committee, sponsored by greater than two dozen Indian tribes, has raised about $108 million by means of this month, state information present. Among the many main donors: Federated Indians of Graton Rancheria ($30 million), the Pechanga Band of Indians ($25 million) and the Yocha Dehe Wintun Nation ($20 million). All have been enriched by their very own casinos.
One other committee looking for to defeat Proposition 27 is backed by tribes together with the San Manuel Band of Mission Indians and has pulled in about $91 million.
Their principal rival, the Sure on 27 committee backed by sports activities betting firms, has generated about $169 million in loans and donations.
A committee opposing Proposition 26, backed by card golf equipment, has piled up over $41 million for the battle. The proposition contains adjustments in enforcement that the golf equipment see as an try to present tribes a digital monopoly on all gaming within the state.
Regardless of the lofty claims about new earnings for the state, it is not clear what the fiscal advantages may be with both proposal.
With Proposition 27, the nonpartisan Legislative Analyst’s Workplace concluded its impact on revenues and prices are unsure, partly as a result of it is not recognized what number of entities would supply betting or how many individuals would place bets. It is doable it might usher in a whole lot of tens of millions of {dollars} every year.
However the workplace additionally concluded a few of the earnings wouldn’t be new {dollars} since folks might shift their spending habits, putting sports activities bets fairly than shopping for lottery tickets or purchasing on the mall.
The state analysts additionally discovered the fiscal impacts of rival Proposition 26 are unclear, partly as a result of it is not recognized how state-tribal compacts could be modified to permit for sports activities betting. They discovered the proposition might improve state revenues, probably by tens of tens of millions of {dollars} every year, however would improve prices for enforcement and regulation, too.
A muddle of political endorsements are within the combine. The California Republican Occasion opposes each proposals. State Democrats oppose Proposition 27, however are impartial on Proposition 26. Main League Baseball is backing Proposition 27.
Voters are witnessing a deluge of competing claims.
The No on 26 committee says rich tribes wish to sport the system to realize unprecedented playing earnings and political affect.
Rob Stutzman, a spokesman for the No on 27 committee, warned that as much as 90% of the earnings from the proposal might go to the playing firms and “you understand a measure is dangerous information when each the Democratic and Republican events oppose it.”
California
Lights back on after power outage in parts of Southern California
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.
California
How California’s high-speed rail line will advance in 2025
California’s high-speed rail project, which aims to connect San Francisco and Los Angeles with a 494-mile route capable of speeds up to 220 mph, aims to continue construction in 2025.
Phase 1 of the project focuses on linking San Francisco in the north to Anaheim via Los Angeles in the south, with plans to extend the line north to Sacramento and south to San Diego in Phase 2.
The California High-Speed Rail Authority, which is overseeing the project says it has already generated significant economic benefits, including creating over 14,000 construction jobs and involving 875 small businesses.
But despite its transformative goals, the project remains politically contentious, with critics questioning its costs and viability. It has been in development since voters approved funding in 2008 and has faced delays, cost increases, and shifting timelines.
Work Planned for 2025
In a statement to Newsweek, the California High-Speed Rail Authority outlined its planned work for 2025, which focuses on continuing construction in the Central Valley between Merced and Bakersfield.
The 171-mile segment between Merced and Bakersfield will be the first part of the line to be operational, with services expected to start between 2030 and 2033. Of that section, 119 miles are currently under construction.
Of the planned structures in the Central Valley section, 85 are underway or completed out a total of 93 on the segment. Work will continue on these structures as well as on the tracks capable of handling high-speed trains.
By the end of 2025, civil construction on the 119-mile segment currently underway is expected to be completed and construction will begin on the next stretches to Merced and Bakersfield.
In 2025, the authority also plans to advance design and begin construction on its stations in the Central Valley. It also expects to select a manufacturer for the trains.
Although the initial operating segment will only run 171 miles from Merced to Bakersfield, environmental clearances have been obtained for 463 miles of the 494-mile Phase 1 route, completing the stretch between San Francisco and Los Angeles. Only the Los Angeles-to-Anaheim section is still awaiting approval.
The Authority said it plans to publish its draft environmental impact report for the Los Angeles-to-Anaheim section in 2025, a key milestone for the eventual full-approval of Phase 1.
More than $11 billion has been invested to date, with funding sources including state bonds, federal grants, and proceeds from California’s carbon emission trading auctions.
The authority has not yet received funding to construct the segments westwards from the Central Valley to the Bay Area or southwards to Los Angeles.
Despite this, the authority said it was committed to pushing on.
“California is the first in the nation to build a true high-speed rail system with speeds capable of reaching 220 mph,” the Authority told Newsweek. “The Authority remains committed and aggressive in moving this historic project forward while actively pursuing additional funding.”
Political Opposition to the Project
Despite ongoing progress, the high-speed rail project continues to face political opposition, particularly from Republican leaders.
While President Joe Biden’s administration has invested billions in it since 2021, the incoming Republican administration, which will control the House of Representatives, the Senate, and the presidency, is unlikely to continue funding it at the same level.
Representative Sam Graves of Missouri, who chairs the House Transportation and Infrastructure Committee, has criticized the project’s costs and funding strategies.
In a statement to Newsweek, Graves described the rail line as a “highly troubled project” and raised concerns about its reliance on government subsidies.
He pointed out that the current funding supports only a limited segment between Merced and Bakersfield, which he estimated will cost $35 billion.
“Full cost estimates [for Phase 1, between San Francisco and Anaheim] now exceed $100 billion and growing,” Graves said, calling for a comprehensive review of the project before any additional funding is allocated.
“California high-speed rail must have a plan and prove that it can wisely and responsibly spend government money—something it’s failed to do so far.”
The congressman stated that over the next four years, he would oppose any further federal funding for the California high-speed rail project.
Instead, Graves advocated for efforts to redirect unspent funds and focus on improving existing transportation infrastructure, such as Amtrak.
Graves also emphasized the need for private-sector involvement in future rail projects, citing Brightline’s operations in Florida and Las Vegas as a successful example of private investment.
While Graves acknowledged the potential of high-speed rail, he argued that the California project has failed to meet the necessary criteria for viability and local demand.
The authority told Newsweek it would engage with the federal government to seek other funding sources.
“We continue to explore strategies aimed at stabilizing funding, potentially allowing the program to draw private financing and/or government loans,” it said.
California
Hawaii resident flies to California to clear name from identity theft
HONOLULU (HawaiiNewsNow) – A Honolulu man who had his identity stolen had to fly to California to clear his name. He acted quickly to stop his bank account from being completely drained.
Jamie Dahl said he’s speaking out because identity theft can happen to anyone and he’s not sure how his personal information was stolen.
“I’m still mystified how he pulled it off,” Dahl said.
In late November, Dahl found some fraudulent charges on his credit card so he ordered a replacement card.
Two weeks later, he says went to his online bank account with Bank of America and discovered his identity had been stolen. The hacker had account access for instant money transfers.
“My phone number is missing, my email is missing, my mailing address. I live in Honolulu. It’s Mililani,” Dahl said.
He knew he was in trouble.
Dahl said two days after his discovered his identity had been stolen, he had to fly to California to clear his name because there are no Bank of America branches in Hawaii.
He brought several forms of ID to re-authenticate himself.
“It was just an incredible ordeal,” he said.
“The bad guys are shopping just like everybody else for Christmas,” said former HPD Deputy Chief John McCarthy, who investigated cybercrime.
McCarthy says check your bank account daily and having a local bank is helpful.
“If you don’t have a local bank, you are that much father away. I’ve had problems with banks that are on the East Coast,” he said.
“It takes a day to communicate with them, a day to get a response. That’s a lot of damage you can do in 24, 48, 72 hours,” McCarthy added.
McCarthy says most banks have streamlined their re-authentification process so you don’t have to see them in person.
Hawaii News Now contacted Bank of America to find out their process and are waiting to hear back.
Copyright 2024 Hawaii News Now. All rights reserved.
-
Technology5 days ago
Google’s counteroffer to the government trying to break it up is unbundling Android apps
-
News6 days ago
Novo Nordisk shares tumble as weight-loss drug trial data disappoints
-
Politics6 days ago
Illegal immigrant sexually abused child in the U.S. after being removed from the country five times
-
Entertainment6 days ago
'It's a little holiday gift': Inside the Weeknd's free Santa Monica show for his biggest fans
-
Lifestyle6 days ago
Think you can't dance? Get up and try these tips in our comic. We dare you!
-
Technology1 week ago
Fox News AI Newsletter: OpenAI responds to Elon Musk's lawsuit
-
Technology1 day ago
There’s a reason Metaphor: ReFantanzio’s battle music sounds as cool as it does
-
News2 days ago
France’s new premier selects Eric Lombard as finance minister