Tag "unemployment"
Back to homepageBudget Assumptions Don't Hold Up
JULY 7, 2011 By JOHN SEILER Not even a week old, the California budget Gov. Jerry Brown signed already is out of balance. “They did not cut as much as they needed to, and they pushed up revenue estimates,” Esmael
Read MoreSubsidizing A Broke Sacramento
Katy Grimes: Sacramento is living proof that the left hand doesn’t know what the other left hand is doing. Forget the right hand – there is no “right” in Sacramento. Despite the city’s $60 million deficit, city officials and several
Read More29,200 CA Jobs Lost In May
Katy Grimes: The Bureau of Labor Statistics reported today, “the largest over-the-month decrease in employment occurred in California,” with the loss of 29,200 jobs in May. And while some news outlets are reporting that California’s unemployment is down, the actual
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Budget Tax Rhetoric Ignores Jobs
JUNE 13, 2011 By JOHN SEILER The NBA season is over. But a full-court press is on by Gov. Jerry Brown and the tax-increase forces in the Legislature and government-employee unions to increase taxes $9 billion. In his video address
Read More'Oscar Welfare Bill' Passes Assembly
JUNE 1, 2011 By KATY GRIMES Legislators in the Assembly voted overwhelmingly yesterday to approve what amounts to another $500 million tax credit for Hollywood. But not everyone was enamored of the latest entitlement bill for the rich and famous.
Read MoreCA Could Have Worst Jobless Rate
John Seiler: California never has had the worst U.S. unemployment rate. During the Great Depression, we weren’t hit as hard as most other states. Hollywood and the aerospace industry took off. Food exports to other states and the world grew.
Read MoreCan Business Recovery Be Legislated?
Katy Grimes: It’s so exciting that fast food giant Carl’s Jr. plans on opening 300 new fast food restaurants! Wow. That’s such good news for the economy. Unfortunately for California, the restaurants will be opening in Texas. Carl’s Jr. CEO Andy Pudzner
Read MoreThe Bad Bill Mill, Part I
APRIL 19, 2011 By KATY GRIMES Talking about bad bills churning out of the state Capitol may seem as silly as critiquing the dining selections at a Denny’s. But it is a realistic discussion. California is experiencing a horrific financial crisis.
Read MoreCA Jobless Fund Goes Broke
APRIL 15, 2011 Because of California’s disastrous unemployment rate — 12.2 percent at last count — the State Unemployment Fund is in a precarious position. It actually went insolvent two years ago, and pays out benefits today only because of
Read MoreVernon Moves Toward Disincorporation
APRIL 14, 2011 By KATY GRIMES An Assembly committee voted unanimously on Wednesday to pass a bill that would disincorporate the charter for the Southern California city of Vernon. AB 46, authored by Assembly Speaker John Pérez (D-Los Angeles), takes
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