California economy
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Chart warns of possible stock crash
We can’t predict the future. But we prudently can make preparations for unfortunate events. That’s why the California government and local governments should make sure they have budget surpluses. Check out the following chart. It shows that the current DJIA stock
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Only in CA: Costly edicts depicted as jobs programs
When Gov. Arnold Schwarzenegger signed AB 32 into law in 2006, he did so after first demanding that the measure include a provision that would allow a governor to suspend it if there was evidence the law was hurting the
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6 stories out of 317: LAT, Bee, Chronicle hide Obama fracking views
I have been whining about how the media cover big issues for decades, but there is something uniquely strange about the decision of the California media — in the midst of a sharp state debate over fracking — to not
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CA: Golden State to welfare state
Reader Manfred von Borks, Sc.D., sent us his analysis of what happened to California: California – The transition from a Golden State to a Warehouse/Welfare State: In the beginning there was real gold in the ground and the people came, then
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CalSTRS bailout will be CA version of budget sequester
On April 10, 2012, I wrote an op-ed for the L.A. Daily News with an unusual take on what ultimately would kill the bullet train. My theory was that the teachers unions would fight to keep a new mouth from
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Texas shale history provides key context on downbeat CA report
The new federal report sharply reducing the amount of oil believed to be “technically recoverable” in California’s Monterey Shale triggered glee among the greens who hate fossil fuels. But as the Bakersfield Californian reported, oil companies hardly saw the report
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A California vs. Texas analysis that breaks the mold
The California vs. Texas fight has gotten stale for my tastes. It’s insanely annoying how so many California defenders simply ignore basic facts like Texas is creating more middle-class jobs or that Texas’ Latino and black students do better than
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CA workforce participation hits 38-year low
The same state survey of labor statistics that led to headlines last week about California having its lowest unemployment rate in nearly six years also had some much less positive news. The California Center for Jobs & the Economy noted these stats
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San Fran = Rwanda
San Francisco is by far the most liberal city in the United States. In the 2012 election, it voted 83 percent for Democratic President Obama and 13 percent for Republican Mitt Romney. So one would think that SF would have the
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Laffer explains why people flee CA
Dr. Arthur Laffer helped design the Proposition 13 tax cuts in California in 1978, which undergird what little prosperity California still has; and President Reagan’s 1981-83 tax cuts, which provided 25 years of prosperity, with two minor recessions (because the
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