Friday, January 5, 2018

Friday’s Briefing: Trump to Open California Coast to Oil Drilling; Bay Area Companies Fuel Dow Jones Surge Over 25,000

By Robert Gammon
Fri, Jan 5, 2018 at 10:27 AM

click to enlarge oil_platform.jpg
Stories you shouldn’t miss for Jan. 5, 2018:

1. The Trump administration announced plans to open the California Coast and coastal waters nationwide to oil drilling, prompting condemnation from both Democrats and Republicans who are concerned about oil spills, the LA Times$ reports. Florida GOP Gov. Rick Scott strongly criticized the administration’s move, as did Democratic California Gov. Jerry Brown. California officials and environmental groups plan to fight the administration’s decision.

2. Bay Area companies, including Apple and Visa, fueled the Dow Jones stock index’s surge over 25,000, reports Wendy Lee of the San Francisco Chronicle$. Analysts say Apple could become the first corporation with a market valuation of more than $1 trillion. However, market watchers are also concerned that stocks are overvalued and that the market is overdue for a correction, The New York Times$ reports.

3. Brian Stretch, U.S. attorney for Northern California, announced his resignation just hours after U.S. Attorney General Jeff Sessions revealed his plans to crack down on marijuana in states where it’s legal, including California, the East Bay Times$ reports. The departure of Stretch, who had a record of taking a hands-off approach to legal cannabis in the state, will allow President Trump and Sessions to replace him with a new U.S. attorney who may seek to target legal weed sellers and buyers in the Bay Area.

4. Longtime Richmond cop, Capt. Mark Gagan, who has been the public face of the department for years, has been fired amid a scandal over a report that Councilmember Eduardo Martinez was drunk in public and driving under the influence in 2016, reports David DeBolt of the East Bay Times$. Gagan is suspected of having leaked a police report about Martinez to ABC 7 news, although the TV station has refused to divulge its source. Gagan is fighting his termination, and Martinez denies that he was drunk.

5. A UC Berkeley undocumented student is in ICE custody in San Diego after being picked up at a checkpoint there during the holidays, Berkeleyside reports. Students say Luis Mara, who was brought to the country by his family when he was a minor, would have been eligible for DACA status — before President Trump axed the program.

6. A judge has ordered Berkeley middle school teacher Yvette Felarca to pay $11,100 in legal fees to the former head of the UC Berkeley College Republicans after Felarca filed a bogus a restraining order against him, reports Michael Cabanatuan of the San Francisco Chronicle. The radical leftist Felarca has repeatedly been enmeshed in controversy for her clashes with neo-Nazis and members of the alt-right.

7. Police killed nearly 1,000 people again last year in the United States, reports the Washington Post$, which closely tracks killings by police nationwide. The number of people killed by police in 2017 — 987 — was about two dozen more than 2016 and slightly less than 2015.

8. And California health officials says this year’s flu virus is particularly virulent and that at least 17 people under the age of 65 have died so far, reports Tammerlin Drummond of the East Bay Times$.

$ = news stories that may require payment to read.

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