Posts From John Seiler
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CA take note: MI state judge tests federal bankruptcy law
For municipal bankruptcy, all eyes across the nation now turn to Detroit. The latest: Michigan Circuit Court Judge Rosemary Aquilina ordered Detroit’s bankruptcy filings be withdrawn because they violate state law guaranteeing that pensions must be paid to public employees.
Read MoreCA take note: Detroit bankruptcy could slash pensions 90%
Detroit declared bankruptcy today. For California, here are the takeaways from the Detroit News report: “A bankruptcy judge could trump the state constitution by slashing retiree pensions, ripping up contracts and paying creditors roughly a dime on the dollar for
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DMV could spy on you through your license plate
A DMV “pilot” program could put digital license plates on your car. Supposedly it would “save” money so you wouldn’t have to put new, yearly tags on your license. It would be done digitally. It also would let the DMV
Read MoreCan Big Sis be stopped?
It is absurd that Janet Napolitano could become the head of the University of California. Other than being a student, Big Sis has no academic experience. She has produced no original research. She has not headed an academic apartment. She
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Weakest stock market rally ever
Despite stubbornly high unemployment, one supposed highlight of the Obama recovery is the booming stock market. Actually, it’s one of the weakest bull markets on record. Here’s a graph from Chart of the Day showing what has happened. As you
Read MoreWith L.A. near rioting, A.G. Holder inflames America
Surely, U.S. Attorney General Eric Holder remembers the 1992 Los Angeles riots, in which 53 people were killed and more than 2,000 injured. They occurred after the cops in the Rodney King beating were found innocent. (In a double jeopardy
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The most important function Gavin Newsom could perform
The L.A. Times ran an amusing story about Lt. Gov. Gavin Newsom’s frustrations at holding his useless position. Gov. Jerry Brown ignores him. Even the state Senate, which he technically presides over, gave him the boot. It’s incredibly infuriating for
Read MoreWhat UC students might get from Big Sis
Janet Napolitano is on her way to becoming Big Sis of the University of California. She just resigned as Big Sis of the Department of Homeland Security. She got the Big Sis label from the Drudge Report for her Big
Read MoreHypocritical liberals party at men-only Bohemian Club
Conspiracy theorists have a field day with the annual July meeting of the elite Bohemian Grove semi-secret society. This year’s frolicking just began at the group’s Russian River camp. But what I find fascinating is how elite liberals attend it even
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Middle class rises in Mexico — declines in U.S.
As I have noted, in the United States, there has been no “economic recovery,” and the American middle class is shrinking. But Mexico is booming, with a growing middle class. The latest from ABC News/Univision: “A new study on Mexico helps
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