Tag "inflation"

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High cost of living sours holiday spirit

The drop in gas prices certainly is welcome. Especially during this holiday season. But seemingly everything else is going up in price — as you probably noticed at the grocery store or when shopping for housing. And health care? My

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Economic boom fake

The U.S. economy in the third quarter supposedly enjoyed strong economic growth of 3.5 percent. But look between the lines and the growth was fake. Reported the L.A. Times: Government spending surged 4.6% in the third quarter, the fastest annual

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The DOW has NOT set new records

The so-called economic recovery supposedly is shown by the Dow Jones Industrial Average hovering around the 16,000 mark, the highest ever. It’s just below that number as I write. In fact, adjusted for inflation, the DJIA is the same as

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U.S., CA could be hit by Federal Reserve potential massive loss 10

Feb. 28, 2013 By Chriss Street Last week in my article here, “Misery Index about to soar in CA, US,” I warned that a rise in a combination of inflation and unemployment, known as the Misery Index, could “distort financial markets.”

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‘Inflation Tax’ Already Striking CA 13

JAN. 9, 2011 By JOHN SEILER Californians won’t have to wait for tax increases, such as the several that could be put before voters in the November election. One proposal is Gov. Jerry Brown’s $7 billion tax increase. Tax increases

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California Budget: Austerity or Audacity? 0

JULY 7, 2011 It’s not over. Even though Gov. Jerry Brown signed the budget on June 30, lawmakers are churning out more legislation. And Capitol legislative committees are currently hearing hundreds of new spending and regulation bills. Facing a $26

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Dem Budget Deals In Hope 0

Katy Grimes: Democratic legislators and Gov. Jerry Brown announced today that they have reached a majority-vote budget deal – without Republican votes or any of the reforms Republicans have pushed for. Legislators will begin voting on the plan on Tuesday.

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Sales Tax Hike Expires This Week! 0

Katy Grimes: Finally some good news! California’s 1% sales tax surcharge is set to expire Friday, July 1 making our sales tax 7.25 percent, down from 8.25 percent. A press statement just released today by Board of Equalization Member Senator

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Brown Vetoes Budget!

Katy Grimes: In a youtube video this morning, Gov. Jerry Brown said he had vetoed the two budget bills, which were passed only yesterday by the Democrat-controlled Legislature using a majority vote, because he said the cuts made did not

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Dem majority passes 'scapegoat' budget 0

JUNE 15, 2011 By KATY GRIMES For the first time since 1933, Democrats passed the state budget, without Republican support, and using only a majority vote. Lawmakers may have met the constitutional deadline of June 15 as ordered by California

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