Académique Documents
Professionnel Documents
Culture Documents
HOSPITAL GROUPS TO
MAKE GENERIC DRUGS
GUN LEGISLATION MERCY
NDB KICKERS OUST
FROM CCS
TRUMP SAYS HE’S WILLING TO BUCK THE NRA;
HEALTH PAGE 17 CONGRESS NOT SO SURE NATION PAGE 7 SPORTS PAGE 11
Suit brought
overdamaged,
sinking stores
Damages sought for groundwater
pumping at San Mateo Hines site
By Anna Schuessler es clustered at the corner of
DAILY JOURNAL STAFF Delaware Street and Concar Drive,
are claiming costs in excess of $5
A legal battle sparked by a new million for damages their property
San Mateo office development sustained after nearly 43 million
more than year ago ramped up this gallons of groundwater was
month when owners of a nearby extracted during the construction
shopping center filed a lawsuit of two office buildings at 400 and
Feb. 16 alleging construction of 450 Concar Drive.
the two four-story office buildings Their claims against the office
caused land across the street to building developer Pearlmark
sink. Hines will join those of Thrifty
The owners of a complex con- Payless, owner of the Rite Aid at
taining a Rite Aid, a Trader Joe’s 666 Concar Drive, which estimat-
grocery store and a Ross Dress for ed damages to the building it is
ZACHARY CLARK/DAILY JOURNAL STAFF Less store, among other business- See LAWSUIT, Page 18
Development Assistant Jacqueline Stewart and a volunteer play with one of 13 cats currently available for adoption
at Pets in Need shelter in Redwood City.The no-kill shelter can house up to 30 dogs and 20 cats at a time.
Half Moon Bay looking
Pets in Need expanding to commercial cannabis
Redwood City nonprofit grows with demand, saving more lives Proposed ordinance would allow businesses
mobile surgical van and sponsors extreme danger to the public,
numerous education programs in which happens no more than once to grow and sell immature starter plants
By Zachary Clark
DAILY JOURNAL STAFF
the community. a year, said Jacqueline Stewart, the By Zachary Clark ture, non-flowering cannabis nurs-
The nonprofit animal shelter Since May alone, Pets in Need organization’s development assis- DAILY JOURNAL STAFF ery plants” on a limited number of
Pets in Need has been providing has rescued 657 animals from pub- tant. sites, while continuing to prohib-
homes and health care for dogs and lic shelters, performed 730 spay The shelter, which has been at As cities across California it the existing other commercial
cats for over 50 years, and now the and neuter surgeries and facilitated its current Redwood City location weigh regulations on marijuana cannabis businesses within Half
organization is expanding. 654 adoptions. at 871 Fifth Ave. since 2000, saw post-legalization, Half Moon Bay Moon Bay.
What started as a “lost animal It’s the first no-kill shelter in a remodel in 2010 and plans to is considering a foray into com- If the ordinance passed, licensed
registry” founded by dedicated vol- Northern California, meaning it move its administrative depart- mercial cultivation of the plant. businesses would be able to trans-
unteers, the shelter today houses never euthanizes animals, except ment to a building across the street City staff published Feb. 23 a port immature plants to and from
up to 30 dogs and 20 cats at a time, in unusual cases where the animal draft ordinance that would allow
features a medical department and is terminally ill or poses an See PETS, Page 20 greenhouse cultivation of “imma- See PLANTS, Page 18
Report: California officials lacked solid fire alert plan a.m. Monday, Jan. 15.
Petty theft. A person stole items from a
grocery store on Hickey Boulevard, it was
By Juliet Williams ings. Many residents reported finding out investigators found. Two jobs related to reported at 7:13 p.m. Sunday, Jan. 14.
THE ASSOCIATED PRESS about the fires from neighbors or relatives, sending evacuation and fire warnings even As s aul t. Someone was assaulted at a gro-
rather than official alerts. had similar titles: alert originator and alert cery store on McLellan Drive, it was report-
SAN FRANCISCO — Officials in a The report, which was released Monday by operator. ed at 4:22 p.m. Sunday, Jan. 14.
Northern California county were ill-pre- California’s Office of Emergency Services,
pared, disorganized and lacked sufficient concludes that multiple alert systems in
training when deadly, fast-moving wildfires Sonoma County, overlapping responsibili- Presented by Cinemark Theatres, Talbots and the San Mateo Daily Journal
broke out last October endangering about ties and a failure to map out roles in an emer-
100,000 people, according to a report from gency “appear to have resulted in duplica-
California emergency managers. tion, inconsistency and some confusion in
Sonoma County officials requested the messages transmitted to the public.” Leading local news coverage on the Peninsula
state review after their response time was Counties were operating separately as dif-
criticized. The unprecedented wildfires
sparked in the early morning and eventually
killed 44 people in several counties north of
San Francisco and destroyed 8,900 build-
ferent employees struggled to cope with
hundreds of incoming reports of fires and
smoke at numerous locations, leaving them
unsure of who was in charge of what, OES
Beat the Movie Expert
See how you compare to the Daily Journal’s movie expert!
All entries that beat or tie the Daily Journal’s selections will be entered into a
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EXPERT’S PREDICTIONS ARE IN CAPITAL LETTERS BELOW
One grand prize a pair of movie passes plus a $200 gift card to Talbot’s
Eleven runner ups each get a pair of movie passes.
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The Post The Boss Baby
THE SHAPE OF WATER The Breadwinner
Three Billboards Outside Ebbing, Missouri COCO
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Timothée Chalamet– Loving Vincent
Call Me by Your Name Best Foreign Language Film
Daniel Day-Lewis – Phantom Thread A FANTASTIC WOMAN (CHILE)
Daniel Kaluuya – Get Out The Insult (Lebanon)
GARY OLDMAN – DARKEST HOUR Loveless (Russia)
Denzel Washington –Roman J. Israel, Esq. On Body and Soul (Hungary)
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Sally Hawkins – The Shape of Water Best Documentary Feature
FRANCES MCDORMAND – THREE BILL Abacus: Small Enough to Jail
BOARDS OUTSIDE EBBING, MISSOURI FACES PLACES
Margot Robbie – I, Tonya Icarus
Saoirse Ronan – Lady Bird Last Men in Aleppo
Watch the 90th Annual Meryl Streep – The Post Strong Island
Academy Awards® Best Supporting Actor Visual Effects
Sunday, March 4 WILLEM DAFOE – THE FLORIDA PROJECT BLADE RUNNER 2049
Woody Harrelson – Three Billboards Guardians of the Galaxy Vol. 2
Outside Ebbing, Missouri Kong: Skull Island
Richard Jenkins – The Shape of Water Star Wars: The Last Jedi
Christopher Plummer – War for the Planet of the Apes
All the Money in the World
Sam Rockwell –
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005 0227 tue:0227 tue 163 2/26/18 7:58 PM Page 1
Montie ‘Carol’ (Hooks) Whitehead will be a memorial service 11 a.m. Saturday, Francisco on March 25, 1944.
March 3, 2018, at the Palo Alto Masonic Obituaries He was preceded in death by his father,
Montie “Carol” (Hooks) Whitehead died Center at 461 Florence St. at University, Victor Gotelli Sr. and his sister Carol
Feb. 14, 2018, at the age of 76 in volunteering with the Mills-Peninsula
Palo Alto, CA. Auxiliary, the Assistance League of San Gotelli Barrios.
Clearlake, California,
Mateo County, St. Bartholomew Church, He is survived by his mother Jeannette
from complications of a Stella McKay Leahy Filoli and other philanthropic organiza- Gotelli, his son Steven (Ana), brother Leo
recent illness. She was
born in Shafter, Stella McKay Leahy, born Sept. 20, tions. (Linda), brother-in-law Ed Barrios, many
California, on July 29, 1916, to Stanley and Lillian McKay in Stella will be missed by many including nieces, nephews, cousins, grand-nieces and
1941. Salem, Oregon, died nat- her grandchildren: Alexandra (Sashka), grand-nephews. Vic will be greatly missed.
She is survived by her urally on Friday, Feb. Damian, Jessica, Travis Nicole, Rushton, Donations in his honor can be made to
two children, Jenifer 16, 2018. Stella was pre- Malcolm, Tom, Sam and Allison. The fami- Mission Hospice of San Mateo.
(Whitehead) Giuntini and ceded in death by her ly would like to sincerely thank those that
Tim Whitehead. She is husband of nearly 64 provided Stella with loving and patient care
years, Edward J. Leahy. over the past several years. As a public serv ice, the Daily Journal
also survived by Vinnie Giuntini her prints obituaries of approx imately 200
“favorite son-in-law,” four grandchildren, Stella and Ed resided in A Memorial Mass will be celebrated at 11
San Mateo since 1955 a.m. on Friday, March 2, 2018, at St. words or less with a photo one time on a
Desirae, Danyelle and Jeremey Fisher, space av ailable basis. To submit obituaries,
Shane Magner and two great-grandchildren, where they raised their Bartholomew Catholic Church, 300
children: Constance, Ed, Alameda de las Pulgas, San Mateo, CA. email information along with a jpeg photo
Giovanni Beccaria and Zaqarry Downing. to news@smdaily journal.com. Free obituar-
Carol enjoyed sewing, including skating Scott, Cynthia and Martin. Reception to follow.
Throughout her life, Stella was a tireless ies are edited for sty le, clarity, length and
costumes for her children. Carol was also a grammar. If y ou would lik e to hav e an obit-
member of the Eastern Star Chapter No. volunteer with her volunteer activities Victor Gotelli Jr.
beginning within the St. Gregory, Serra and uary printed more than once, longer than
203. Victor Gotelli Jr. died peacefully in San 200 words or without editing, please submit
She has requested to be cremated and her Notre Dame High School communities. As Carlos on Feb. 10, 2018, surrounded by
her children grew, she furthered her efforts an inquiry to our adv ertising department at
ashes be spread at the Golden Gate. There family and friends. Vic was born in San ads@smdaily journal.com.
‘Armed and dangerous’ suspects Garcia-Salem, 22, of Half Moon Bay and the Lions Club hall, where they alerted police
woman as Vanessa Guillory, 21, of San Local briefs of the crime, according to prosecutors.
at large following fatal shooting Francisco. Belmont resident Brandon Sanchez, 18, Just days later, police officers were able to
At least two armed and dangerous suspects Stellini said police are looking for two and Foster City resident Anakin Taylor, 18, find and arrest the three teens at a Five Guys
are at large following a shooting Sunday suspects and two persons of interest. both face up to one year in county jail when restaurant on Primrose Road using the
night that killed two people and injured a Police believe the suspects and the vic- they return to court April 4 for sentencing, iPhone’s “Find My iPhone” function to
third in the unincorporated San Mateo tims knew each other and an altercation according to prosecutors. locate at least one of the devices. All five of
County community of Broadmoor, police occurred before the victims were shot. On Oct. 8, Sanchez, Taylor and a juvenile the cellphones were found in Taylor’s back-
Chief Arthur Stellini said. accomplice approached five teens at the pack when the group was arrested and no
The shooting was reported to police at Teens take plea deal park, asking them if they wanted to pur- gun was ever recovered, though a $300
about 8:40 p.m. in front of Hillside Market chase Xanax pills from them. After some of speaker and a jacket stolen from two teens
near Hillside Boulevard and Villa Street.
for Washington Park robbery the teens agreed to a sale, the trio told the about an hour earlier were found with the
Stellini said one female victim died near Two teens accused of stealing cellphones teens they had a gun with them and ordered teens at the time of their arrest, according to
the market, a second male victim died at a from five other teens in Burlingame’s them to put their cellphones on the ground, prosecutors.
hospital and the third victim suffered Washington Park last fall pleaded no con- according to prosecutors. Taylor remains in custody on $50,000
injuries not considered life-threatening. test to felony robbery Monday, according When the teens complied, the trio bail, while Sanchez is out of custody on a
The San Mateo County Coroner’s Office to the San Mateo County District grabbed the phones and told them to run. $50,000 bail bond, according to prosecu-
identified the male victim as Michael Attorney’s Office. The five victims allegedly fled to a nearby tors.
LOCAL EDUCATION
• The S an Mat e o - Fo s t e r Ci t y El e me n t ary S c h o o l
Di s tri ct Bo ard o f Trus tees approved an exclusive use agree-
ment with the Fo s ter Ci ty Pres cho o l and Day care Center,
laying the groundwork for the displaced facility’s opening on the
Parkside Elementary School campus in San Mateo.
In other business at the Thursday, Feb. 22, meeting, trustees
agreed to hire Go dbe Res earch to conduct polling gauging com-
munity support for a potential parcel tax measure.
• The San Bruno Park El ementary Scho o l Di s tri ct Bo ard o f Trus tees
approved hiring Val eri e Ro g ers as the school system’s new assistant superintendent
of educational services. Prior to joining the district, Rogers worked for the Fo ntana
Uni fied Scho o l Di s tri ct in San Bernadino County. Her appointment is effective
March 19.
007 0227 tue:0227 tue 163 2/26/18 8:08 PM Page 1
Trump says he’s willing to buck was heavily focused on finding ways to
address the massacre of 17 students and teach-
ers in a Valentine’s Day shooting at Marjory
Stoneman Douglas High School. It was the
ing their performance “frankly disgusting.”
“They really weren’t exactly Medal of
Honor winners,” Trump said.
He renewed his criticism of former Broward
More than TV
stricter background checks were falling flat. rifle purchases, he wants to toughen the
“You guys, half of you are so afraid of the Cornyn bill with stricter background
NRA,” the president said Monday at a meet- checks, a change the NRA has opposed.
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Around the nation Americans: Congress is listening to all the wrong people
Ivanka Trump believes By Laurie Kellman less of which party is in power or Americans who felt the largest sense of
father’s denials of sexual misconduct and Emily Swanson whether the 435 House members and disconnect between whom they think
THE ASSOCIATED PRESS 100 senators pass lots of legislation — Congress should listen to and whom
WASHINGTON — Ivanka Trump says she believes her or don’t do much of anything at all. they believe Congress actually listens
father’s denials of sexual misconduct, arguing that ques- A new poll from the AP-NORC Center to.
WASHINGTON — Looking for com-
tions to her on the topic are “pretty inap- found that 85 percent of Americans, That disconnect played out in the pub-
mon ground with your neighbor these
propriate.” including 89 percent of Democrats and lic square last week as the nation reeled
days? Try switching subjects from the
Trump serves as a senior adviser in 82 percent of Republicans, disapprove from yet another mass shooting — this
weather to Congress. Chances are, you
President Donald Trump’s administration of the job Congress is doing. That time, the Valentine’s Day killing of 17
both agree it’s terrible.
and just led the U.S. delegation at the might matter in this midterm election people at Marjory Stoneman Douglas
In red, blue or purple states, in middle
closing ceremony for the 2018 year, as Republicans defend their High School in Parkland, Florida. Many
America or on the coasts, most
Pyeongchang Games. She made the com- majorities in the House and Senate. raged over what they see as the National
Americans loathe the nation’s legisla-
ments in an interview with NBC that In the study by Stanford, UC-Santa Rifle Association’s power to stifle
ture. One big reason: Most think law-
aired Monday. Barbara and the AP-NORC Center, efforts to tighten gun laws, including a
makers are listening to all the wrong
Ivanka Trump Asked about the allegations of inap- which was conducted in 2015 and again ban on assault rifles.
people, suggests a new study by
propriate behavior against the president, in 2017, only about 2 in 10 said they “Can you tell me right now that you
researchers at Stanford University and
Ivanka Trump said: “I think it’s a pretty inappropriate ques- think Congress pays much attention to will not accept a single donation from
the University of California-Santa
tion to ask a daughter if she believes the accusers of her their own constituents or Americans as the NRA?” student Cameron Kasky
Barbara with the Associated Press-
father when he’s affirmatively stated there’s no truth to it.” a whole, or even give much considera- demanded of Sen. Marco Rubio, the
NORC Center for Public Affairs
“I believe my father, I know my father,” she said. “I think tion to the best interests of those peo- Florida Republican who appeared on
Research.
I have that right as a daughter, to believe my father.” ple. CNN’s “Stand Up” town hall.
“We have the best Congress you can
The president has denied accusations of misconduct. Instead, most said Congress does lis- Rubio, one of the gun rights groups’
buy and pay for,” said Chester Trahan,
78, of Palm Coast, Florida. “Congress, ten to lobbyists, donors and the top beneficiaries over his political
Gorsuch silent as divided they’re subject to the special interest wealthy. career, would not make that pledge. Nor
Supreme Court spars over unions groups and that’s really who’s running That’s exactly the opposite of the have other congressional Republicans,
WASHINGTON — With the justice holding the decisive the show.” way people think Congress should who are overwhelmingly favored by gun
vote silent, a divided Supreme Court sparred Monday over a Hating Congress has become a last- function, the study found. The highest rights supporters when it comes to cam-
case that could undermine the financial ing feature of American politics, regard- levels of disapproval came from paign contributions.
footing of labor unions that represent
government workers.
The justices heard arguments in a chal-
lenge to an Illinois law that allows
unions representing government
employees to collect fees from workers
who choose not to join.
Amid colorful, occasionally angry
Neil Gorsuch comments from his colleagues, Justice
Neil Gorsuch asked no questions during
the hourlong session.
The court split 4-4 the last time it considered the issue in
2016 following the death of Justice Antonin Scalia.
Gorsuch joined the court in April and has yet to weigh in on
union fees.
009 0227 tue:1030 FRI 64 2/26/18 6:46 PM Page 1
H
our local streets reminds us cles in local bike- istory teaches us that human beings detest the idea
how transportation invest-
ments have not kept pace with growth
share fleets provide
us access to the
perspective of uncertainty. We are always looking for the “sil-
ver bullet,” the “hidden treasure,” or the “secret for-
in our region. To maintain our quality hills without break- mula,” to bring certainty to the unknown. Imagine my frus-
of life, we need safe and convenient ing a sweat. Better investments reduce congestion, every tration when my college economics professor instructed my
transportation that doesn’t increase infrastructure will commuter benefits. class accordingly: “If you want a prediction about the uncer-
traffic and cause irreparable harm to make these choices Active transportation has additional tain future of our economy, just ask a plumber.” His state-
our environment. easier. perks: it’s good for the body, spirit ment came just months before the markets crashed in 2007,
Pedestrian and cycling infrastructure Despite the known benefits, com- and pocketbook. I haven’t always marking the genesis of a worldwide financial crisis. I
provides cost-effective solutions to munities often struggle to secure been an advocate, but about five years remember raising my hand in class, attempting to sound
help reduce congestion in ways that active transportation dollars. For ago my husband (who is an avid bike smart by criticizing his statement. After all, I watched the
benefit everyone — including high- example, 44 San Mateo County bicy- commuter) installed a bag on my old CNN Money daily and occasionally flipped through the
way commuters. These improvements, cle/pedestrian projects recently mountain bike. Quite unexpectedly, Financial Times. I knew it could not have been that simple.
however, require funding, community requested a combined $16 million When my professor called on
that tiny retrofit transformed my bicy-
support, and the political will to from our countywide sales tax me, I questioned his credibility,
cle into a practical transportation
enact them. Measure A funds ($5 million avail- telling him that every student in
solution. With the ability to conve- the classroom, in my view, was
When more people leave their cars able) and a state grant program for niently carry a heavy briefcase or a
behind, roads become less congested, local projects ($2.26 million avail- in a better position to give
bag of groceries, cycling liberated me advice on the economy than a
parking becomes more plentiful, trav- able). In other words, the requests from our car. I was hooked. I felt hap-
el times more predictable and fewer outpaced the available dollars by $9 plumber, who likely did not have
pier and was amazed how much faster I as adequate of an education as
tax dollars are required to maintain million — which meant funding arrived at nearby destinations —
fewer than half the projects. Compare each of us. I felt proud that I — a
public roads. Moreover, people who mostly because I didn’t need to search first semester college student —
walk and ride bicycles gain additional $9 million of high-impact bicycle for parking. Bicycles help our busy had successfully gutted the state-
benefits to their physical and mental and pedestrian network improve- family get where we need to go with ment of a professor in such a
well-being. Why then do relatively ments to the price tag of a new high- only one car, which may even save us public forum.
few people do so? Safety and conven- way interchange ($90 million-$160 about $10,000 annually in per-vehi- The professor grinned for a
ience are big challenges. Many peo- million), the proposed Highway 101 cle ownership costs. while. Then, he picked up a piece Jonathan Madison
ple fear riding a bike or walking on Managed Lane Project ($500 mil- Please join me in supporting sus- of chalk and drew a large image
roads near speeding drivers without lion), or even a local parking garage tainable solutions to our traffic con- of a curve on the chalkboard. This represents the equilibrium
robust bicycle and pedestrian spaces. ($10 million-20 million). For a frac- gestion. This week, if you are able, curve in supply and demand. He turned to me and replied: “It
But if we build it, they will come. tion of those costs, active trans- try walking or biking on a short trip. is simple. Plumbers understand more than any of you. The
Research shows that people of all portation investments help address See how you feel and think about what most fundamental lesson in economics — what goes up
ages and abilities will choose walk- the root cause of our traffic and park- improvements would make you safer. must come down.” Students began to chuckle at his state-
ing and cycling for short trips when it ing problems. Also, participate in the survey spon- ment. After finding the joke somewhat funny and disgust-
is safe and convenient. Low-stress For the Peninsula to thrive, greater sored by the San Mateo County ing, I further researched the history of human capacity to
bike routes through neighborhoods, investment in sustainable transporta- Transit District (SamTrans) to gather predict economic crises, and it all made more sense to me.
dedicated paths protected from cars, tion options must be a priority. public input about possible future Few of the world’s great economists are prone to making
designated lanes which separate bikes Congestion management is a com- transit investments at predictions about the economy with absolute certainty.
from motorized vehicles, well-main- plex issue. Robust public transit, GetUsMovingSMC.com before Feb. From John Maynard Keynes to Milton Friedman, the best
tained sidewalks and visible cross- intelligent land use decisions and 28. This is a unique opportunity to economists were wise enough to mark their predictions with
walks are proven methods to encour- thoughtful highway improvements advocate for active transportation in a hint of uncertainty.
age people to walk or ride to nearby are important parts of the puzzle. our communities. Your voice makes a Recent stock market activity reminds us that investors
destinations. When these facilities Thankfully, alternative fuel vehicles difference. loathe the idea of uncertainty, even when the economy is on
connect with commuter rail and other pollute less, but they don’t reduce the uptick. For many of us, steady growth in the economy,
public transportation, all travelers gridlock or road maintenance costs. historically low unemployment and rising wages are music
benefit exponentially. Given our mild Cycling and pedestrian improvements Emily Beach is a member of the to our ears. However, these factors are also ingredients for
weather, population density and more will not solve all traffic problems, but inflation, which could prompt the Federal Reserve to
Burlingame City Council and serv es on
frequent electrified Caltrain service they are a cost-effective and healthy increase interest rates. The fear of inflation is just one of
the San Mateo County Transportation many factors that led to the Dow Jones Industrial Average’s
coming soon, our county is well suit- way to connect transportation hubs
ed to embrace cycling and walking in and local destinations. Because these Authority Board of Directors. historic decline of 1,033 points on Feb. 8, and 1,175
points in the prior week.
The uncertainty around economic booms and busts has
Letters to the editor existed since the birth of currency. Booms and busts are cre-
ated by a number of factors ranging from excessive mone-
tary easing and unrealistic market expectations by
Caltrain bike capacity I want to emphasize that eight-car can spend their time attacking the investors, policymakers and consumers alike.
electrified trains with 96 bike spaces Justice Department, Federal Bureau of The irony is that in our constant attempt to predict the
Editor, per train will fully satisfy the Caltrain Investigation and the intelligence
More bike capacity on Caltrain is market to better plan for the crashes that lie ahead, one
Board’s 2015 directive for an 8-1 ratio agencies (CIA, NSA, etc.), while would think we were watching the same drama unfold over
needed because I’ve been denied board- of seats to bikes. I also thank Caltrain simultaneously meeting in secret with and over again. The first scene displays a world where aggre-
ing trains with my bike during peak for planning a bike security review to gate demand grows and businesses are hiring and thriving.
three top Russian spies, and nothing
commute hours, which is negatively find ways to prevent bike theft. However, the law of impermanence eventually reminds us
happens? Our president has nothing
impacting to my job. that a boom only lasts for so long. As such, the imaginary
but compliments and praise for his
I’m happy that the staff has applied confidence in the market which experts refer to as a “mania”
for funding to launch electrified serv- Elaine Lee friend Vlad, but claims that the Russia
comes crashing down faster than anyone could have accu-
ice with eight-car trains to increase Burlingame investigation is a hoax and the great- rately predicted. As you probably know, this is exactly what
capacity for both seats and bikes in est political witch hunt in history. transpired in 2008.
2022. I’m concerned that the Caltrain Wake up, America. According to a 2009 study conducted by the Wharton
staff’s current proposal for six-car Why isn’t this treason? School of Business, most reputable economists not only
electrified trains has 25 percent fewer missed the 2008 financial crisis, but “positively denied it
Editor, Tom Paine
seats and 7 percent less bike capacity would happen.” This was certainly not the first time. As
What has our country become that world-renowned philosopher George Santayana once said:
than today’s trains. President Trump and his supporters Burlingame
“Those who cannot learn from history are doomed to repeat
it.”
OUR MISSION: In spite of our limited knowledge of how the economy
It is the mission of the Daily Journal to be the most works, many of the legislators in our state and in
accurate, fair and relevant local news source for Washington, D.C., have decided that they can predict the
those who live, work or play on the MidPeninsula. next boom or bust and enact legislation accordingly. The
By combining local news and sports coverage,
Jerry Lee, Publisher BUSINESS STAFF: analysis and insight with the latest business, intent is honorable, but the unfortunate reality is that many
Moe Alshafie Michael Davis lifestyle, state, national and world news, we seek to economic regulations place an undue burden on thriving
Jon Mays, Editor in Chief Charles Gould Paul Moisio provide our readers with the highest quality businesses that drive our nation’s economic engine, particu-
Nathan Mollat, Sports Editor Joe Rudino Joy Uganiza information resource in San Mateo County. larly small businesses.
Todd Waibel Our pages belong to you, our readers, and we
Erik Oeverndiek, Copy Editor/Page Designer INTERNS, CORRESPONDENTS, CONTRACTORS: choose to reflect the diverse character of this
History tells us the economy is fragile. Completely dereg-
Nicola Zeuzem, Production Manager Robert Armstrong Charlie Chapman dynamic and ever-changing community. ulate it, and human greed will prompt a crash. Regulate it
Jim Clifford Elizabeth Cortes too much and panic and crashes will inevitably occur. In my
Kerry McArdle, Marketing & Events Talia Fine Robert Hutchinson
Priscilla Jin Tom Jung SMDAILYJOURNAL.COM humble opinion, the best model of an economy is an eco-
Austin Walsh, Senior Reporter Connor Lin Laurel Lujan nomic system that encourages businesses to prosper and
REPORTERS: Jeanita Lyman Brian Miller Follow us on Twitter and Facebook: incentivizes prosperity at every socioeconomic level. Both
Terry Bernal, Zachary Clark, Anna Schuessler Brigitte Parman Sophie Penn facebook.com/smdailyjournal of these noble goals are achievable when we establish a sys-
Nick Rose Joel Snyder
Susan E. Cohn, Senior Correspondent: Events Gary Whitman twitter.com/smdailyjournal tem of regulations that protect consumers without unduly
Dave Newlands, Production Assistant Online edition at scribd.com/smdailyjournal burdening our job creators.
The reality is that there are certain things for which we as
humans in our intellectual capacity will always be limited.
Letters to the Editor • Emailed documents are preferred: Correction Policy
Should be no longer than 250 words. letters@smdailyjournal.com The Daily Journal corrects its errors. Many economists have embraced this harsh reality and it is
Perspective Columns • Letter writers are limited to two submissions a If you question the accuracy of any article in the Daily about time our lawmakers do the same.
Should be no longer than 600 words. month. Journal, please contact the editor at
• Illegibly handwritten letters and anonymous letters Opinions expressed in letters, columns and news@smdailyjournal.com
will not be accepted. perspectives are those of the individual writer and do or by phone at: 344-5200, ext. 107 Jonathan Madison worked as professional policy staff for
• Please include a city of residence and phone not necessarily represent the views of the Daily Journal Editorials represent the viewpoint of the Daily Journal the U.S. House of Representatives, Committee on Financial
number where we can reach you. staff. editorial board and not any one individual.
Services, from 2011-13. Jonathan works as an attorney and
can be reached via email at jonathanemadison@gmail.com.
010 0227 tue:0227 tue 163 2/26/18 6:08 PM Page 1
California OKs On a per-share basis, the South nearly 3 percent since the begin- The wearable device maker posted
Business briefs San Francisco, California-based ning of the year. In the final min- revenue of $570.8 million in the
driverless car testing company said it had net income of utes of trading on Monday, shares period, which also fell short of
less testing when the regulations
without backup drivers go into effect April 2.
12 cents. hit $29.53, a climb of 36 percent in Street forecasts. Six analysts sur-
The results matched Wall Street the last 12 months. veyed by Zacks expected $587 mil-
LOS ANGELES — Driverless cars The rules approved by
expectations. The average estimate lion. For the year, the company
will be tested on California roads California’s Office of Fitbit reports 4Q loss
of eight analysts surveyed by reported that its loss widened to
for the first time without a human Administrative Law also create the
Zacks Investment Research was SAN FRANCISCO — Fitbit Inc. $277.2 million, or $1.19 per
being behind a steering wheel under framework under which consumers
also for earnings of 12 cents per on Monday reported a loss of $45.5 share. Revenue was reported as
new rules for the fast-developing can eventually buy driverless cars.
share. million in its fourth quarter. $1.62 billion.
technology. The state’s Department of Motor
Vehicles says it’s a big boost for The drug developer posted rev- On a per-share basis, the San For the current quarter ending in
The regulations approved regulations that have been in the enue of $120.1 million in the peri- Francisco-based company said it April, Fitbit expects its results to
Monday are a major step toward get- works for years. od, exceeding Street forecasts. Six had a loss of 19 cents. Losses, range from a loss of 21 cents per
ting autonomous vehicles onto the analysts surveyed by Zacks expect- adjusted for stock option expense share to a loss of 18 cents per share.
streets of California, the nation’s Exelixis meets ed $118.2 million. and pretax expenses, came to 2 The company said it expects rev-
self-driving car hub. For the year, the company report- cents per share. enue in the range of $240 million
Until now, driverless cars could
4Q profit forecasts ed net income of $154.2 million, or The results did not meet Wall to $255 million for the fiscal first
only be tested with human backup SOUTH SAN FRANCISCO — 49 cents per share, swinging to a Street expectations. The average quarter.
drivers who could take over in an Exelixis Inc. on Monday reported profit in the period. Revenue was estimate of eight analysts surveyed Fitbit shares have decreased 3
emergency. Manufacturers can fourth-quarter net income of $38.5 reported as $452.5 million. by Zacks Investment Research was percent since the beginning of the
apply for permits allowing driver- million. Exelixis shares have dropped breakeven on a per-share basis. year.