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The whole truth about California’s employment picture

Unemployment line depression
December 26, 2014 By Joel Fox. News on the economy appears good with new national numbers on economic growth released and polls measuring the attitudes about the job market ticking up. However, in California some troubling job numbers don’t get the attention they deserve. While quarterly economic growth numbers showed the fastest growth rate in a decade and a recent Gallup poll found 36 percent of respondents sai...

CA small biz hit with health care hikes

No on Prop. 45
December 24, 2014 By James Poulos. It wasn't supposed to be like this. Proposition 45 on the Nov. 4 ballot would have given the California insurance commissioner the power to limit health-insurance rate increases. It lost. Opponents, including officials at Covered California, assured voters adequate price controls would be negotiated by the officials running the exchange -- without Prop. 45. Covered CA is the sta...

Buzz returns for Elon Musk’s Hyperloop

hyperloop-concept-screengrab
December 24, 2014 By James Poulos. Silicon Valley impresario Elon Musk's Hyperloop transportation concept is back in the news. With a price tag that seemed daunting, especially when Musk warned he lacked the time to pursue the project, when it was advanced a year ago Hyperloop achieved little beyond sparking the imagination. But now, Dirk Ahlborn, the head of his own California startup, has stepped forward to seize ...

Stockton bankruptcy looms over 2015

stockton wikimedia
December 24, 2014 By Wayne Lusvardi.   The New Year is going to bring increasing difficulties for some California cities because of the 2014 settlement of Stockton’s bankruptcy. The reason: because all cities are linked under California municipal laws, especially for pension costs, borrowing costs are going up across the state. Involved are what’s called “certificates of participation,” which Investopedia...
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