Business Insider Magazine - Los Angeles South Bay » Government and Politics

The “Profits of Doom” Deliver Hope

Editor and Publisher — Tue, 24 May 2011 16:24:31 +0000

Contrarian Economists

By David Whitehead

Economist Nouriel Roubini was dubbed the “prophet of doom” when he tried to warn the financial community they were building a house of cards with the Real Estate market. He wasn’t taken seriously until 2007 when it became clear a massive asset bubble was about to cause catastrophic damage to the global economy. Today, he receives praise for his insights and is the voice Wall Street calls on the most to explain what so many insiders claimed to have missed.
However, Roubini was hardly the only notable economist pointing out that asset bubbles can be identified, tracked ... Continue Reading

Powerful New Glenn Beck Video Alluding to Pending Collapse of the Dollar

Editor and Publisher — Fri, 20 Nov 2009 22:23:40 +0000

Blog Editor’s Note: Glenn Beck is labeled a “conspiracy theorist.” However, you can rest assured no one presenting views this extreme on a regular basis could do so from a corporate media platform unless powerful interests want the public at large to get used to these kinds of ideas. So perhaps Beck’s corporate masters are “conspiracy theorists,” or at least pretending to be.

Beck is generally right on target with his key facts. However, he generally points the finger at the undefined “left” as the villain. Let’s just say the real villains are far more diversified than that. So put away ... Continue Reading

$4.8 trillion – Interest on U.S. debt

Editor and Publisher — Fri, 20 Nov 2009 18:30:38 +0000

Blog Editor’ Note: That’s nearly 5 million million dollars and nearly half the current Federal deficit, which continues to rise at an unprecedented rate. But don’t worry, analysts can still find individual pieces of data that sound optimistic.

Unless lawmakers make big changes, the interest Americans will have to pay to keep the country running over the next decade will reach unheard of levels.

By Jeanne Sahadi

(CNN Money) Here’s a new way to think about the U.S. government’s epic borrowing: More than half of the $9 trillion in debt that Uncle Sam ... Continue Reading

Economists Opposing Federal Reserve Audit Have Undisclosed Fed Ties

Editor and Publisher — Fri, 20 Nov 2009 18:16:56 +0000

Blog Editor’s Note: This piece delivers more exposure than the usual establishment press critique of the current controversy surrounding the Federal Reserve. However, the focus on key economists with Fed connections ignores the fact the identity of the private investors with controlling interests in the Federal Reserve is what they REALLY don’t want you to know. That’s why Fed supporters are open to a little more transparency they can control, but will put their full global financial weight in front of any attempt to conduct a full audit of the organization.

(This Huffington Post) As the debate over an audit of ... Continue Reading

1 million stimulus jobs?

Editor and Publisher — Fri, 20 Nov 2009 18:04:48 +0000

House panel investigates

By Richard Simon

(The Los Angeles Times) Reporting from Washington – Hundreds of new jobs in phantom congressional districts. Nearly 500 new teaching slots in a Chicago school district that employs only 290.

As the White House tries to show that its massive stimulus package has created or saved 1 million jobs, media outlets and critics have contended that some of the administration’s numbers are faulty.

On Thursday, a congressional committee tried to sort out the questions: Are the flawed data the result of Democratic spin meant to show that President Obama’s economic policies are working? Or are they ... Continue Reading

CalChamber Goes to Court to Protect Businesses from Additional Wage-and-Hour Lawsuits

Editor and Publisher — Fri, 20 Nov 2009 18:00:38 +0000

(The California Chamber of Commerce) The California Chamber of Commerce is urging the 9th Circuit Court of Appeal to reverse a district court ruling that could result in numerous more wage-and-hour lawsuits against California employers.

The CalChamber is arguing that the district court ruling fails to follow the plain language of the law and disregards the long-standing California requirement that exemption determinations be made based on an analysis of employees’ individual job duties.

The CalChamber has joined the U.S. Chamber of Commerce and the Employers Group in filing a friend-of-the-court brief in ... Continue Reading

Millions may have to repay part of Obama tax credit

Editor and Publisher — Mon, 16 Nov 2009 23:25:50 +0000

Blog Editor’s Note: If reading this article doesn’t convince you the game is rigged from top to bottom, all I can say is, “enjoy your Kool-Aid.”

By Jim Puzzanghera

(The Los Angeles Times ) For more than 15.4 million people, the Making Work Pay tax credit enacted as part of the $787-billion economic stimulus package could turn out to be a Making You Pay Back tax credit.

That’s the finding of a government watchdog report out today about the credit, which provides as much as $400 for individuals and ... Continue Reading

This year’s budget gap may hit $7 billion

Editor and Publisher — Thu, 12 Nov 2009 20:28:46 +0000

By Kevin Yamamura and Dan Smith

(The Sacramento Bee) Gov. Arnold Schwarzenegger estimated Monday that California’s budget will fall out of balance by $5 billion to $7 billion this fiscal year, on top of a $7.4 billion gap already projected for 2010-11.

If true, state leaders would confront at least a $12.4 billion to $14.4 billion problem when Schwarzenegger releases his budget in January. California currently has an $84.6 billion general fund budget.

The Republican governor spoke with The Fresno Bee editorial board Monday after signing a bill placing a water bond on ... Continue Reading

‘Green Chemistry’ program should mind economy

Editor and Publisher — Thu, 12 Nov 2009 19:41:27 +0000

(The California Chamber of Commerce) The California Chamber of Commerce is urging members to speak out about a state program affecting nearly all firms that manufacture or sell consumer products in the state.

The CalChamber is asking members to contact state officials and let them know that California’s developing “green chemistry” program needs to be designed so that the regulations are practicable, cost-efficient, based on sound science and developed in a way that protects the state’s economy from further harm.

On October 2, the California Department of Toxic Substances Control (DTSC) released ... Continue Reading

Government is top SoCal employer

Editor and Publisher — Wed, 11 Nov 2009 19:06:24 +0000

By Martin Hill

(L.A. County Libertarian Reporter) The most recent Comprehensive Annual Financial Report (CAFR) from the Southern California Association of Governments (SCAG) reveals that the majority of jobs for the top principal employers in six counties are government jobs.

In the six southern California counties of Los Angeles, Orange, San Bernardino, Riverside, Ventura and Imperial, more than half of the top employers in those counties, on average, are government entities.

Table 13 on Page 96 of the 104 page document lists Principal Employers By County in the SCAG Region for 2008.

San Bernardino County tops the list of private employers with six out of ten ... Continue Reading