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Procyclical has a different meaning in the context of economic policy. In this context, it refers to any aspect of economic policy that could magnify economic or financial fluctuations. Of course, since the effects of particular policies are often uncertain or disputed, a policy will be often procyclical, countercyclical or acyclical according ...
Under the state constitution, certain proposed changes to state laws may require mandatory referendums, and must be approved by voters before they can take effect. A measure placed on the ballot via petition can either be a vote to veto a law that has been adopted by the legislature (an optional referendum or "people's veto") or a new proposed ...
In October 2011, Governor Jerry Brown signed into law a bill (Senate Bill No. 202) which requires all future ballot initiatives to be listed only in general elections (held in November in even-numbered years), rather than during any statewide election. Two propositions had already qualified for the next statewide election (which was the June ...
According to California Legislative Analyst's Office, the measure changes California law to legalize the possession, cultivation, and sale of marijuana. Individuals over age 21 are allowed to possess, cultivate, and sell marijuana; the state regulates commercial activities related to commerce for recreational use; a 15% excise tax and an ...
(The Center Square) – The 9th U.S. Circuit Court of Appeals blocked a controversial California law that would have eventually required social media users in the state to verify their ages to ...
Vice versa, a countercyclical variable has a negative correlation. An acyclical variable with a correlation close to zero implies no systematic relationship to the business cycle. We find that productivity is slightly procyclical, which suggests workers and capital are more productive when the economy is experiencing a boom.
Abolition of the death penalty through California Proposition 34, 2012 was rejected by 52% of voters. [5] The path to the ballot started when Mike Farrell, an American actor and activist, wrote a title and ballot summary on September 15, 2015. A title and summary was then issued by California attorney general's office on November 19, 2015. For ...
Gov. Gavin Newsom signs these new 2024 California renter laws including security deposit costs and evictions.