The Weather: Regulations finalized by the California Air Resources Board establish the nation's first state-run cap-and-trade regime. Despite Solyndra, the state will gather solar panels while it may. The 262 pages of regulations implementing California's 2006 global warming legislation, Assembly Bill 32, approved by CARB last Thursday, will probably reduce employment more than it reduces emissions. The only thing it will cap is economic growth by bleeding a patient that is already hemorrhaging red ink. Signed into law in 2006 by Gov. Arnold Schwarzenegger, the cap-and-trade regulations are intended to force California to reduce greenhouse gas emissions to 1990 levels...