Posts Tagged ‘recession’

How will Brown budget proposal address pensions, taxes, debt?

Monday, January 6th, 2014

California's budget battles will begin on Friday when Gov. Jerry Brown releases his proposal for fiscal year 2014-15, which begins on July 1. The media and political buzz in the Capitol building is that the state has a surplus -- and maybe voters even are ready for higher taxes. "We now fin...

EDD employees nap, watch TV, surf net, while claims stack up

Tuesday, December 17th, 2013

My three-part series about the Employment Development Department computer system upgrade has some in the agency wanting to unload. Apparently EDD officials' explanation of the newly updated $100 million computer system "glitches," and claims of understaffing, aren't the whole story, according to som...

ALRB’s Shiroma Backs AB 32

Monday, December 9th, 2013
Genevieve Shiroma is the new SMUD board president.

As part of CalWatchdog's ongoing series reporting about the California’s Agricultural Labor Relations Board, it is interesting to note some of the political activities of ALRB Chairwoman Genevieve A. Shiroma, who has been politically active throughout her career. My interview with her is here. ...

Elizabeth Emken: ‘It’s time to un-ring the Obamacare bell’

Friday, November 15th, 2013

Note: This is the second in a series of profiles of the four major candidates for the crucial 7th Congressional District in California. The first, on Republican Igor Birman, is here. Elizabeth Emken says it is a good time to be a Republican. She’s running for California's 7th Congressional dis...

When Obamacare fails, what's next?

Thursday, October 17th, 2013
Screen Shot 2013-10-16 at 6.47.06 AM

In March 2010, Congress passed the Affordable Care Act by a narrow margin, and without a single Republican vote. But even with three years to set up the health exchanges and support system, has been unavailable to those trying to sign up for government health care since it went l...

SB4 green lights fracking despite enviro protest

Tuesday, October 8th, 2013

Even with a Democratic supermajority, the California Legislature was unable to pass several bills this year to ban hydraulic fracking. All fracking bills died in committees, or were killed during the legislative process -- except for one. Gov. Jerry Brown signed Senate Bill 4, by Sen. Fran Pav...

Gov. Jerry Brown forcing electric car market in CA

Wednesday, October 2nd, 2013

Gov. Jerry Brown must be in the market for a Chevy Volt, Nissan Leaf or Tesla electric car. There could be no other explanation for why he signed six bills this week to force a market for electric cars that few people want. Rather than being mindful of the state's weak electricity grid and ...

Jim Rogers: big recession coming

Thursday, September 26th, 2013
Jim Rogers: big recession coming

As regular readers of this site know, I've long pointed out that recessions hit every 4-6 years. The last one began in Dec. 2007. That's almost 6 years ago, so we're due. Here's a YouTube of famed investor Jim Rogers. He points out that the 2007-09 recession was so bad because of the massive debt...

Hearing uncovered abuse of CA special funds

Tuesday, September 3rd, 2013

SACRAMENTO -- Only in government is borrowing considered a legitimate way to balance a budget. In California it has become standard operating procedure. To address this growing problem, the state’s Special Funds were the subject of a hearing last week in the Legislature, which I attended. The 5...

CA jobless rate drops to 8.6 percent

Monday, June 24th, 2013

June 24, 2013 By John Seiler The good news: California's unemployment rate dropped to 8.6 percent in May. That's the lowest since the 2008 Great Recession struck. The bad news: It's still twice as high as it was in 2006, before creaks began showing on the fake "boom" of the mid-2000s. In any dec...