Breaking News-August, 2012

Chamber launches ‘California Comeback’

Friday, August 31st, 2012

Aug. 31, 2012 By Joseph Perkins Here's an ad: “California is struggling … badly.  Two million people out of work… Huge deficits… High taxes… Over-regulation…"  "Instead of creating jobs, politicians increased spending $30 billion since 2008. And bureaucrats put $37 billion in hidden...

Cartoon: Student loan scam

Wednesday, August 29th, 2012

Aug. 29, 2012 This cartoon is by Bill Williams: ...

Stockton leads tsunami of Calif. bankruptcies

Monday, August 27th, 2012

Aug. 27, 2012 By Troy Anderson During Vallejo’s bankruptcy, which began in 2008, the city cut the number of police in half rather than deal with the “pension problem.” Now, a somewhat similar scenario is playing out in Stockton, a city of 292,000 east of San Francisco that recently displa...

Federal Reserve warns, Calif., other municipal bonds very risky

Monday, August 20th, 2012

Aug. 20, 2012 By Chriss Street Last week, we first reported first that "Permanent Link to Calif. sales tax revenue nosedives 33.5%," then that "Moody’s warns of mass Calif. municipal bankruptcies." During the Great Recession of the last four years, the California private sector was forced to slas...

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