Posts Tagged ‘Federal Reserve Board’61% of kids want govt. out of their livesThursday, May 9th, 2013 May 9, 2013 By John Seiler Here's a heartening story. From the time they go to preschool until the day they graduate from professional school three decades later, kids these days suffer relentless politically correct indoctrination. Their K-12 teachers and their university professors almost... Middle class being wiped outSunday, December 2nd, 2012 Dec. 2, 2012 By John Seiler It's not just the recent economic and political nonsense by both parties that's hurting the middle class. It's more than four decades of it. A new study finds: "The median net worth of American households has dropped to a 43-year low as the lower and middle classe... Bankruptcy series: The Road AheadWednesday, November 14th, 2012Editor’s Note: This is the 11th in a CalWatchDog.com Special Series of in-depth articles on municipal bankruptcy. Nov. 14, 2012 By Chriss Street Up through September 2011, Wall Street underwriters, bond counsels and other assorted securities industry camp followers were gloating over th... Economy, DOW have stagnated for 15 yearsFriday, October 12th, 2012 Oct. 12, 2012 By John Seiler The evidence keeps rushing in that the U.S. and California economies have stagnated for about 15 years. Obviusly, there are bright spots, such Apple, Google and the other Silicon Valley nerd factories. But for anyone with IQ < 180, there has been no "growth,"... Federal Reserve warns, Calif., other municipal bonds very riskyMonday, August 20th, 2012 Aug. 20, 2012 By Chriss Street Last week, we first reported first that "Permanent Link to Calif. sales tax revenue nosedives 33.5%," then that "Moody’s warns of mass Calif. municipal bankruptcies." During the Great Recession of the last four years, the California private sector was forced to ... JP Morgan fiasco means higher interest rates aheadTuesday, May 15th, 2012May 15, 2012 By Chriss Street If there was an Academy of Motion Picture Arts and Sciences award for the best acting performance by a CEO, Jamie Dimon of J.P. Morgan Bank would surely win the Oscar for his dismissal of a $2 billion off-shore derivative loss as “a complete tempest in a teapot.... Lugar loses, Tea Party winsWednesday, May 9th, 2012 Commentary May 9, 2012 By John Seiler Back during the People Power Revolution in the Philippines in 1986, which kicked dictator Ferdinand Marcos out of power, one U.S. Senator who played a role by flying to the country was Richard Lugar, R-Ind. I remember at the time he was dubbed by corres... Brown: Botch Housing Even MoreTuesday, January 17th, 2012John Seiler: The housing crisis of recent years was caused by the government itself. The Federal Reserve Board -- a quasi-private bank whose directors are appointed by the president -- has debased the dollar while keeping interest rates artificially low. That caused the boom/bust cycle that wreck... Could Eurozone Debt Collapse Hit CA?Tuesday, November 29th, 2011 NOV. 29, 2011 By WAYNE LUSVARDI As of 2011, California received $89 billion in fund transfers from the federal government. That was on top of the state's own $87 billion general fund budget, according to the California Legislative Analyst. What would happen to federal fund transfers if the ... Your Taxes Already Up $700Thursday, March 10th, 2011 John Seiler: Jerry Brown's $12 billion tax increase, which he wants on a June ballot, comes to about $1,000 a year per family. Reuters just reported that the average American family will pay $700 more a year in gas costs, due to the skyrocketing price at the pump: The average U.S. household w... |