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Prop 39 and AB 1500: A taxing alliance

August 20, 2012 By admin. August 20, 2012 By Katy Grimes The passage of AB 1500 by the Assembly last week demonstrates the gargantuan disconnect California Democrats have with elementary economics, as well as the economics of education. AB 1500 would raise taxes on businesses and employers who operate inside California, but are headquartered out-of-state. Unlike the previous versions of the legislation, the...

Moody’s warns of mass Calif. municipal bankruptcies

August 18, 2012 By admin. Aug. 18, 2012 By Chriss Street The klaxon horn went off Friday evening for California municipal bondholders when Moody’s Investors Services issued a report stating that the plummeting financial condition of many California counties, cities, school districts and other government agencies will soon result in a large numbers of municipal bankruptcy filings.  Concerned about their own p...

Brown Admin attacks climate ‘deniers’

August 17, 2012 By Joseph Perkins. Aug. 17, 2012 By Joseph Perkins “Climate change,” declares the home page for the Governor’s Office of Planning and Research, “poses an immediate threat to California’s economy, environment, and to public health.” The Brown administration is “taking action” to avert the worst global disaster since the meteorite (or meteorites, the science is unclear) that wiped out the ...

California unemployment third worst at 10.7 percent

August 17, 2012 By admin. Aug. 17, 2012 By John Seiler In numbers released this morning by the Bureau of Labor Statistics, California's unemployment in July remained the same as in June, 10.7 percent. But that was an improvement from the 11.9 percent of July 2011. The U.S. unemployment rate of 8.3 percent for July 2012 also was the same as the previous month. The BLS reported, "Regional and state unemployment ...
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