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Should San Berdoo cherry pick underwater mortgages?

July 13, 2012 By Wayne Lusvardi What a ripoff. San Bernardino County wants to use eminent domain to let a private mortgage lender cherry pick “underwater” mortgages without paying damages to the lenders. Doing so supposedly would stimulate the resale

Delta tunnel is a big drain compared to bullet train

CalWatchdog Staff July 12, 2012

July 11, 2012 By Wayne Lusvardi Who could have guessed it? A proposed water conveyance tunnel through the Sacramento Delta is a greater economic boondoggle than the California High-Speed Rail Authority. That’s the conclusion of Jeffrey Michael, director of the

California employment back to 2009

CalWatchdog Staff July 9, 2012

July 9, 2012 By Wayne Lusvardi California’s current employment rate is about at the same as in 2009, a year after the bank panic and mortgage meltdown of 2008. While California’s unemployment rate has dropped from a high of 12.3

Obama, Boxer, Feinstein still shorting Central Valley farm water

CalWatchdog Staff July 5, 2012

July 5, 2012 By Wayne Lusvardi U.S. Sens. Barbara Boxer and Dianne Feinstein, both California Democrats, are still shorting water to Central Valley farmers by vowing to kill H.R. 1837 in the U.S. Senate. That’s the San Joaquin Valley Water Reliability Act sponsored by

Gov. Brown’s budget deficit: mandate or tax?

CalWatchdog Staff July 3, 2012

July 3, 2012 By Wayne Lusvardi The entire country has been focused on the recent Supreme Court redefinition of the Obamacare individual “mandate” to buy health insurance as a “tax.” Obamacare has been redefined to ObamaTAX. The power to define

‘ObamaTAX’ May Force School Boards to Cut Nonessentials

CalWatchdog Staff July 2, 2012

July 2, 2012 By Wayne Lusvardi Local school boards in California are going through their annual Kabuki dance ritual claiming there will be teacher layoffs unless Gov. Jerry Brown’s or Molly Munger’s state tax hike propositions are passed by the

Deregulating ‘earmarks’ saved schools, didn’t hurt poor

CalWatchdog Staff June 27, 2012

June 27, 2012 By Wayne Lusvardi Deregulation got a bad rap in California ever since it was wrongly blamed as causing the Energy Crisis of 2001 and the San Diego Blackout of 2011. But a new study by the Rand

County, city mortgage grabs could spark new housing crisis

CalWatchdog Staff June 21, 2012

June 21, 2012 By Wayne Lusvardi In San Bernardino, the county has approved using eminent domain to seize bank-owned pools of “underwater mortgages” to get the county out of its over-indebted housing stagnation. The city of San Bernardino has the second highest poverty rate in

The emerging California Fusion Party

CalWatchdog Staff June 18, 2012

June 18, 2012 By Wayne Lusvardi Most people are familiar with the term “fusion” as a type of restaurant that combines Hawaiian, Asian and American types of food. But with the recent top-two primary election on June 5, California is

Restoring the San Joaquin River for non-endangered red herring

CalWatchdog Staff June 11, 2012

Editor’s note: For clarity, this article has been modified to include an excerpt from the letter by Robert Pyke. June 11, 2012 By Wayne Lusvardi Should we save the endangered red herring fish in California’s San Joaquin River? The question