Study finds corporate tax breaks are ‘corporate welfare’ 10

Jan. 31, 2013

By Katy Grimes

A new study just released by the Howard Jarvis Taxpayers Foundation and the Reason Foundation found many California tax breaks given to corporations constitute corporate welfare, shows how they actually impede economic growth, and contribute to the state’s nasty political environment.

“The study examined numerous corporate tax, sales and use tax credits, tax deductions and exemptions in order to evaluate whether California tax breaks serve their intended purpose,” the press release said.… Read more

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Legislation would create school marshal program to protect kids 20

Jan. 31, 2013

By Katy Grimes

200px-U.S._Federal_Air_Marshal_Service_patch

SACRAMENTO — Planes have armed air marshals.  How about armed school marshals?

Last week Assemblyman Tim Donnelly told me about his plan to offer legislation to create a voluntary school marshal program, modeled after the highly successful air marshals program. Donnelly said the idea is to have teachers fully trained and qualified to carry concealed weapons, but not let anyone know which teachers have gone through the training.… Read more

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How CA GOP can have fun with the budget, Democrats 4

Reagan LaughingJan. 31, 2013

By John Seiler

I keep giving Republicans ideas so they can have some fun with Democrats. So far, the GOP remains about as fun-loving as teetotaler at a Sonora wine-tasting party.

But here’s an idea. Proposition 30 just passed and is raising $6 billion in new taxes. As you’ll recall, in the ads last fall the money was advertised as going entirely to education.… Read more

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What CA fracking advocates can learn from PA

Jan. 31, 2013

By Chris Reed

FrackingAs Californians begin to appreciate the immense economic potential of the state’s underground natural gas and oil reserves, the debate will sharply intensify over the safety of hydraulic fracturing — the newly refined and improved tool used to access previously unreachable reserves. Fracking, the shorthand term for the process, involves using high-powered streams of water, with a small amount of chemicals and solids or sand, to break up rock formations thousands of feet underground.… Read more

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Tree ring studies confirm global COOLING, cast doubt on AB 32 20

Lapland wikipediaJan. 31, 2013

By Chriss Street

Global cooling? New studies of tree rings show that it’s happening.

Yet California remains governed by AB 32, whose official title is the “Global Warming Solutions Act of 2006.” It’s seven years later. Gov. Arnold Schwarzenegger, who signed AB 32 into law, is long gone. And the environmental movement, sensing that “global warming” wasn’t selling any longer, now calls bad weather “climate change,” as President Obama did in his Inaugural Address.… Read more

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Small biz jobs up, but not in CA 6

Jan. 30, 2013

By Katy Grimes

Intuit-SMB-map-Jan.-20131

While small businesses across the nation created 20,000 new jobs this month, California lost small business jobs, according to Intuit Payroll’s Small Business Index. 

The Intuit Small Business Employment Index is a measure of employment for businesses with fewer than 20 employees. This month, eleven states showed job gains, two remained flat, and 20 showed declines.… Read more

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‘We are now Europe!’

Jan. 30, 2013

By Katy Grimes

Rick Santelli, my favorite vociferous and opinionated financial news guru, today said that with the federal government’s release of the latest report finally showing that the economy actually shrunk in the fourth quarter last year, “We are now Europe.”

“When you act like Europe, you get growth rates like Europe. We have become Europe!”

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CA lawmakers at hearing aim at guns, not crooks 34

guns and american revolution, cagle, Dec. 24, 2012Jan. 30, 2013

By Katy Grimes

SACRAMENTO — There was no shortage of drama yesterday in a Capitol hearing about California’s gun laws. A show-and-tell, demonstration by the California Department of Justice, of several high-capacity rifles held the rapt attention of lawmakers.

A short documentary was shown of the survivors of the 1989 Cleveland Elementary school killings in Stockton, during which five children were murdered by a deranged shooter.… Read more

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‘Violence is as American as apple pie’ 7

Jan. 30, 2013

By Katy Grimes

Girls With Guns

The Senate and Assembly held a joint Public Safety committee hearing on Tuesday about guns, but the hearing room was not even two-thirds full. Several Capitol staffers told me that the hearing had not been noticed to the public properly, deliberately, in order to keep gun proponents away.

The hearing was clearly stacked with anti-gun activists and proponents, and most of the testimony provided was skewed, biased, and some of the “facts” presented were incorrect.… Read more

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Why don’t pension funds divest from ALL arms companies? 9

F-16 Egyptian Air Force WikipediaJan. 30, 2013

By John Seiler

After the December shootings at Newtown, Conn., California Treasurer Bill Lockyer and others took aim at some arms manufacturers.

Lockyer “said he’ll propose that the state’s public pension funds, the two largest in the U.S., sell off investments in firearm manufacturers that make guns prohibited under state law,” reported Bloomberg. “The California State Teachers’ Retirement System, known as Calstrs, with $155 billion of assets, has a stake in Cerberus Capital Management LP, a private equity firm that owns Freedom Group, the maker of the Bushmaster .223-caliber semiautomatic rifle that police said was the primary weapon in the Dec.… Read more

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