Budget and Finance

CA taxes, mandates boost unemployment

Wednesday, September 25th, 2013
California Unemployment Development Department

  “California raised a bunch of taxes this year. Its economy hasn’t collapsed.” So read the snarky headline accompanying a post last month by Jim Tankersley on the Washington Post’s Wonkblog. “Eight months after raising sales and income taxes, California is still adding jobs on par ...

CSU, UC pressed to disinvest in fossil fuels

Friday, August 30th, 2013

Raven Rutledge is a student at San Francisco State University. She has not summered as a Wall Street intern. She is not enrolled in SFSU’s MBA program. Yet, the environmental studies major played a lead role this summer in pressuring the San Francisco State Foundation -- which manages the u...

Attack of the artificial crises

Monday, March 25th, 2013

March 25, 2013 By Steven Greenhut SACRAMENTO --- Not many of my friends or neighbors are sitting on pins and needles, worrying that the world as we know it will end as the federal government "slashes" spending as part of the automatic sequester cuts mandated by a previous budget bill. And not ma...

Democrats addicted to tax increases

Monday, February 25th, 2013

Feb. 25, 2013 By Joseph Perkins You’ve heard the familiar fable about the scorpion and the frog? They meet on the bank of a stream and the scorpion asks the frog to carry him across on his back. The frog asks: “How do I know you won’t sting me?” The scorpion replies: “Because if I do, w...

California, the union state

Saturday, January 26th, 2013

Jan. 27, 2013 By Joseph Perkins  The U.S. Bureau of Labor Statistics reported this week that the national union membership rate (the percentage of wage and salary workers who are members of a union) fell to 11.3 last year from 11.8 percent the year before that. BLS also reported that actual numbe...

LAO Whitewashes Gov. Brown’s Rosy Budget

Tuesday, January 15th, 2013
LAO Whitewashes Gov. Brown’s Rosy Budget

Jan. 15, 2013 By Katy Grimes SACRAMENTO -- "Everything's Coming Up Roses," from the Broadway musical Gypsy, should be Gov. Jerry Brown's new theme song. His 2013-14 budget proposal, released last Thursday, was full of happy news, good times a projected balanced budget and an upcoming surplus. C...

California encourages business flight

Friday, December 21st, 2012

Dec. 21, 2012 By Joseph Perkins Employees at Chevron’s San Ramon corporate headquarters received an unexpected email yesterday. It notified them that a quarter of their jobs are being moved from California to Texas. The oil giant, the Golden State’s largest corporation, offered no detailed ex...

Politics driving CA pension investments

Friday, October 5th, 2012

Oct. 5, 2012 By Joseph Perkins The California State Teachers’ Retirement System announced this week that it is sinking $42.8 million into four infrastructure projects, including a solar power plant near Sacramento. That follows CalSTRS’ previous “investment” in another solar-power plant ne...

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...

Officials’ foolishness slams cities

Monday, July 23rd, 2012

July 23, 2012 By Steven Greenhut SACRAMENTO -- First, Vallejo, in 2008. Next, Stockton, then Mammoth Lakes and, now, San Bernardino and soon, perhaps, Compton. As Orange County Supervisor John Moorlach told Bloomberg News, the bankruptcy dominoes are starting to fall. One California city after ano...