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Back to homepageProperty rights win only minor victory in court case
June 28, 2013 By Wayne Lusvardi As the July 4 holiday approaches, America celebrates independence from the tyrannical taxation and subjugation of Great Britain in the 1770s. But property owners in California have no more property rights even after a new
Read MoreBillionaire Texas Democrat seeks to reform CA pensions
June 26, 2013 By Wayne Lusvardi California’s pension problems are so massive that any help should be welcomed, even from outside the state. Enter Texas billionaire Democrat John Arnold, who announced an effort to reform unsustainable public pensions across the United
Read MoreL.A. Times caught in tax liability
June 25, 2013 By Wayne Lusvardi File this under Hoist With Your Own Petard. As I wrote last month, the Los Angeles Times mistakenly said Michael Dell used a tax dodge to avoid $1.1 million in property taxes on his purchase
Read MoreDueling economists debate if CA is ‘back’
June 19, 2013 By Wayne Lusvardi Was it conservative budget austerity or liberal tax hikes that have brought about a “California comeback,” as proclaimed by Gov. Jerry Brown and others? The common view is that tax hikes have brought the recovery and
Read MoreCalPERS outfoxes bond insurer in San Bernardino bankruptcy
June 17, 2013 By Wayne Lusvardi Call it “lawyer wars.” The city of San Bernardino’s bankruptcy case is getting messy, pitting lawyer against lawyer. Last week federal Judge Meredith Jury barred the law firm Winston and Strawn from representing a
Read MoreNorth/South CA intensify water war
June 13, 2013 By Wayne Lusvardi A North/South California water war has been waging since William Mulholland took a civilian militia of shotgun-wielding soldiers to Owens Valley in 1927 to guard the Los Angeles Aqueduct from further bombings by local
Read MoreNew bill would short-circuit Hoover call for green power ‘timeout’
June 11, 2013 By Wayne Lusvardi State Assemblyman V. Manuel Perez, D-Coachella, has proposed an ambitious new bill that would increase the mandate for green power in California from 33 percent to 51 percent by the end of 2030. This
Read MoreNew public funding plan: Seize home mortgages
June 7, 2013 By Wayne Lusvardi With pension costs sapping budgets, governments at all levels are coming up with novel funding methods. The latest comes from the city of Richmond, which must deal with a looming 50 percent increase in pension
Read MoreSan Bernardino facing ‘quick judgment’ on bankruptcy
June 6, 2013 By Wayne Lusvardi At a hearing yesterday in federal bankruptcy court, Judge Meredith Jury sounded like she was ready to rule that the insolvent city of San Bernardino could file for Chapter 9 bankruptcy protection — despite
Read MoreMeredith Whitney doubts CA recovery
June 5, 2013 By Wayne Lusvardi California comeback? Maybe not. Municipal bond expert Meredith Whitney was interviewed on June 4 by Steve Forbes in Forbes.com about her new book, “The Fate of the States: A New Geography of American Prosperity.”
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