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While Dems likely to retain Senate, GOP wave overtakes House

Latest House projection: GOP 245, Dems 190: DEVELOPING… Update (below): Californians defeat pot legalization measure 12:05 am: New South Carolina governor Nikki Haley, 38, is the daughter of Sikh immigrants from India who ran a clothing business. Haley has rarely emphasized her Indian roots, however, and identified herself in campaign…

Study: If California legalizes marijuana, prices could drop up to 80 pct.

A study released Thursday by the Rand Corporation claims that marijuana prices in a post-legalization California could drop by up to 80 percent, placing some of the most delicately cultivated buds in the world at less than $40 an ounce. An initiative that would legalize California’s most valuable cash crop…