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(The Sacramento Bee) California’s state budget crisis is so severe that the Pew Center on the States, a Washington-based policy think tank, is using it as an example of conditions that imperil other states. Nine other states, the Pew report says, … Continue Reading
This is the 34th vote record the CalChamber has compiled. The CalChamber publishes this report in response to numerous requests by member firms and local chambers of commerce that would like a gauge by which to measure their legislator’s performance. To help readers assess legislators’ vote records, the charts group bills … Continue Reading Universal health care will not be free – it will devastate the economy, warns Congressman,
If the Obama administration keeps its promise in guaranteeing not to raise taxes to pay for universal health care, the only way to cover the costs will be for the Federal Reserve to print even more money out of thin air, a process that will kill the dollar and lead to lower living standards for all Americans, warns Congressman Ron Paul. In his … Continue Reading Police let drivers off the hook with a warning for violation they could not have known they committed.
This absurd enforcement action by the Redondo Beach Police Department was probably a bureaucratic snafu the chain of command decided to proceed with despite its highly questionable legality. It was clearly an unwarranted violation of the rights of law abiding citizens, but just to keep things in perspective, it wasn’t the Rodney King incident either. For me it was just stupid and annoying.
On Sunday, November … Continue Reading (The Ticker – The Washington Post) Each month, as regular readers know, I like to unpack the new unemployment number and get behind the data. The news this month continues to be grim. Indeed, it is climbing rapidly toward record-grim territory. The official U.S. unemployment rate in October rose to 10.2 percent from 9.8 percent in September, the Labor Department’s Bureau of Labor Statistics reported Friday. But the truer measure of unemployment — a total count of everyone who should be working full time but is not — hit 17.5 percent in October, the highest level in modern times. The official unemployment number … Continue Reading Many California jobs ’saved’ by stimulus funds weren’t in jeopardy By Phillip Reese (The Sacramento Bee) Up to one-fourth of the 110,000 jobs reported as saved by federal stimulus money in California probably never were in danger, a Bee review has found. California State University officials reported late last week that they saved more jobs with stimulus money than the number of jobs saved in Texas – and in 44 other states. In a required state report to the federal government, the university system said the $268.5 million it received in stimulus funding through October allowed it to retain 26,156 employees. That total represents more … Continue Reading
(The Sacramento Bee) It took long months of delicate negotiations – and the last-minute deletion of a project dear to the heart of the state’s most powerful legislator – for California lawmakers to craft what could turn out to be one of the most pivotal water deals in state history. Now comes the hard part: The plan’s proponents must convince a debt-weary, politician-leery electorate that it’s a deal worth what could be a $25 billion-plus price tag by the time it’s paid. “We’re done with part one,” Assembly Speaker … Continue Reading By Mike Whitney (The Centre for Research on Globalization) Interest rates. The Fed does not need slinky women in plunging necklines to peddle money. All it needs is low interest rates. When rates are pushed lower than the rate of inflation, the Fed provides a subsidy for borrowing. This is not as hard to grasp as it sounds. If I offered to give you $1.00 for very 90 cents you gave me in return, you would buy as many dollars from me as you could. The Fed operates the same way. It generates market activity by creating incentives for borrowing. Borrowing … Continue Reading WASHINGTON (Reuters – The New York Times) – Democratic leaders in the U.S. House of Representatives hustled on Thursday to count votes and round up support for a sweeping healthcare overhaul that was headed to a close floor vote on Saturday. Failure in the Democratic-controlled House would be a huge political blow to President Barack Obama, who has made an overhaul of the vast $2.5 trillion healthcare system his top domestic priority. Obama planned to visit the Capitol on Friday for a pep talk to House Democrats before the vote. House leaders have struggled to win over some party moderates with lingering … Continue Reading (Long Beach Area Chamber of Commerce) Consider the plight of the hard-working employee who’s earned the right to obtain benefits from their employer after years of loyal service – a coverage plan that works for the employee and is affordable for the employer. All of a sudden, that efficient agreement is interrupted by a government attempt to interfere and mandate the terms of the employee’s coverage while possibly instituting new fees (or even fines) to the employer. For some reason, the Congress and our President (and quite frankly our State Legislature, too) insists on interfering in the perfectly efficient way that … Continue Reading |
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