Posts Tagged ‘recession’Sales tax holiday bill killed in leg committeeMonday, April 15th, 2013 April 15, 2013 By Katy Grimes Assemblywoman Melissa Melendez has been leading the cause aggressively for a few weeks to give California taxpayers a sales tax holiday, every tax day. Under Assembly Bill 718 by Melendez, R-Lake Elsinore, taxpayers would enjoy a one day tax holiday from... How will the Cyprus crisis impact the U.S.?Thursday, March 28th, 2013March 28, 2013 By Katy Grimes Is America headed for a Cyprus-like crash? These are the headline stories today from the Drudge Report: 'THEY HAVE STOLEN OUR MONEY'... Cyprus banks reopen, with strict restrictions... €300 daily withdrawal limit... No money allowed to leave country... ... LAO: CalSTRS massively underfundedTuesday, March 26th, 2013 March 26, 2013 By Katy Grimes SACRAMENTO -- The state’s Legislative Analyst released another stinging report last week showing the California State Teachers' Retirement System suffers $73 billion of unfunded pension debt. But CalSTRS is using doubtful figures to minimize the billions in deb... Inside state government ineptitudeWednesday, March 6th, 2013 March 6, 2013 By Katy Grimes The State of California has a serious backlog of new business filings, so says Secretary of State Debra Bowen. "Secretary of State Debra Bowen is concerned about the backlog, said spokeswoman Shannan Velayas, and intends to replace the current paper filing... Carl’s Jr. CEO: What recovery?Sunday, February 17th, 2013Feb. 17, 2013 By John Seiler One of California's largest businesses is the Carl's Jr. restaurant chain, headquartered in Anaheim. Its CEO, Andrew Puzder, just co-wrote an article pointing out that the national economic "recovery" has been a mirage: "The unemployment rate has dropped over two ... Politicians, media distort economic factsWednesday, February 6th, 2013Feb. 6, 2013 By Katy Grimes The U.S. economy lost more than 1.4 million jobs between December and January. But it's almost impossible to find any reports in the mainstream media about this. Instead, the media primarily have reported on reduced federal spending, as if that is enough of ... Uh-oh: GDP declined in late 2012Wednesday, January 30th, 2013Jan. 30, 2013 By John Seiler The wild spending plans of President Obama, Republican House Speaker John Boehner and Gov. Jerry Brown depend on the economy growing. This just in: "The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth ... Productivity slowing — bad news for budgetsThursday, January 17th, 2013Jan. 17, 2013 By John Seiler Both the U.S. and California budgets depend on continuing economic growth. Gov. Jerry Brown has cautioned that his ambitious spending plan could fall apart if growth slows. This just in: "Global productivity growth has slowed for the second year running as weak... Lawmakers calling Gov. Brown’s bluff on Prop. 30 revenuesTuesday, January 8th, 2013Jan. 8, 2013 By Katy Grimes On the first day of the new legislative session on Monday, two Republican lawmakers wasted no time introducing legislation to add some necessary spending restrictions to Proposition 30. Passed by California voters in November, Prop. 30 increased the income t... ‘Blazing Trains’ HSR plan resembles comedy WesternMonday, January 7th, 2013 Jan. 7, 2013 By Katy Grimes SACRAMENTO -- In 1974 Mel Brooks produced a classic comedy about the construction of the railroad into the West. With California Gov. Jerry Brown and Democratic politicians pushing forward to build a high-speed rail system, the truth, once again, proves stranger... |