Business & Economics
Business & Economics
California ‘Jobs Gap’ Jumps to Record High
California’s “Jobs Gap” with the rest of America jumped to a record high, according to new calculations. In 2010, I devised the “Jobs Gap” to measure how much worse unemployment is in California than the rest of America. The Jobs Gap is calculated by subtracting the national unemployment level from ...
Business & Economics
Pension plan embraces absurd double standard
When the taxpayer is backing up the entire liability for the massive pensions received by public employees who are part of the California Public Employees Retirement System, then CalPERS officials are exuberant about the stock market. They insist that a predicted rate of return of 7.75 percent is perfectly realistic. ...
Business & Economics
Pension funds should get real on rate of returns
When the taxpayer is backing up the entire liability for the pensions received by members of the California Public Employees Retirement System, then CalPERS officials are exuberant about the stock market. They insist that a predicted rate of return of 7.75 percent is perfectly realistic. When their own funds are ...
Business & Economics
Taxpayers Pick Up NYC’s $6B Lawsuits Bill
New York City doled out an astounding $6 billion in judgments and settlements in 10 years, some for bizarre claims of injury resulting from biting in a kindergarten classroom, tripping in a Lincoln Center parking lot, and slipping on bus steps, according to the New York Post. Last year alone, ...
Agriculture
Villaraigosa wants more of what doesn’t work
Los Angeles Mayor Antonio Villaraigosa’s speech Tuesday at the Sacramento Press Club left many reporters wondering what the mayor is doing and what he is running for next. It seems odd for an L.A. mayor to fly to Sacramento, give a speech detailing a so-called “grand new vision” even as ...
Business & Economics
The Federal War Against Medical Technology
At about $75 billion annually, U.S. private-sector investment in medical technology is substantial, and a large body of research demonstrates that the economic returns to these investments are enormous. But emerging federal policies are likely to create powerful disincentives for the research and development of medical innovations, in particular, pharmaceuticals ...
California
Villaraigosa’s Whistle Stop
Offering up what appeared to be a campaign speech, Los Angeles Mayor Antonio Villaraigosa addressed the Sacramento Press Club today, repeatedly blasting the Tea Party and Republicans, and even went after Californias Proposition 13 with a vengeance. What was interesting is that Villaraigosa spent an inordinate amount of time talking ...
Business & Economics
Unfounded fears threaten energy success story
Researchers at MIT recently forecast that natural gas production from five American shale reserves would double in five years and triple in 20. These U.S. sources of gas can transform America’s energy outlook, provided lawmakers don’t interfere with the process. Shale formations created from sea basins millions of years ago ...
Business & Economics
Big deficits and easy money have failed
Investors around the world are rattled at the recent plunges in the U.S. stock market. Keynesian pundits predictably blamed our economic woes on the (nonexistent) austerity measures in the recent budget compromise, saying we just need more deficits and a looser Federal Reserve. But in reality, it is unprecedented budget ...
Business & Economics
Police beating sparks needed national debate
The latest cheesy TV cop series, “Against The Wall,” is about a Chicago woman from a family of police officers who becomes a detective in the department’s internal-affairs unit. This causes outrage among her police brothers and dad, who view internal oversight work as treasonous. The trailer is filled with ...
California ‘Jobs Gap’ Jumps to Record High
California’s “Jobs Gap” with the rest of America jumped to a record high, according to new calculations. In 2010, I devised the “Jobs Gap” to measure how much worse unemployment is in California than the rest of America. The Jobs Gap is calculated by subtracting the national unemployment level from ...
Pension plan embraces absurd double standard
When the taxpayer is backing up the entire liability for the massive pensions received by public employees who are part of the California Public Employees Retirement System, then CalPERS officials are exuberant about the stock market. They insist that a predicted rate of return of 7.75 percent is perfectly realistic. ...
Pension funds should get real on rate of returns
When the taxpayer is backing up the entire liability for the pensions received by members of the California Public Employees Retirement System, then CalPERS officials are exuberant about the stock market. They insist that a predicted rate of return of 7.75 percent is perfectly realistic. When their own funds are ...
Taxpayers Pick Up NYC’s $6B Lawsuits Bill
New York City doled out an astounding $6 billion in judgments and settlements in 10 years, some for bizarre claims of injury resulting from biting in a kindergarten classroom, tripping in a Lincoln Center parking lot, and slipping on bus steps, according to the New York Post. Last year alone, ...
Villaraigosa wants more of what doesn’t work
Los Angeles Mayor Antonio Villaraigosa’s speech Tuesday at the Sacramento Press Club left many reporters wondering what the mayor is doing and what he is running for next. It seems odd for an L.A. mayor to fly to Sacramento, give a speech detailing a so-called “grand new vision” even as ...
The Federal War Against Medical Technology
At about $75 billion annually, U.S. private-sector investment in medical technology is substantial, and a large body of research demonstrates that the economic returns to these investments are enormous. But emerging federal policies are likely to create powerful disincentives for the research and development of medical innovations, in particular, pharmaceuticals ...
Villaraigosa’s Whistle Stop
Offering up what appeared to be a campaign speech, Los Angeles Mayor Antonio Villaraigosa addressed the Sacramento Press Club today, repeatedly blasting the Tea Party and Republicans, and even went after Californias Proposition 13 with a vengeance. What was interesting is that Villaraigosa spent an inordinate amount of time talking ...
Unfounded fears threaten energy success story
Researchers at MIT recently forecast that natural gas production from five American shale reserves would double in five years and triple in 20. These U.S. sources of gas can transform America’s energy outlook, provided lawmakers don’t interfere with the process. Shale formations created from sea basins millions of years ago ...
Big deficits and easy money have failed
Investors around the world are rattled at the recent plunges in the U.S. stock market. Keynesian pundits predictably blamed our economic woes on the (nonexistent) austerity measures in the recent budget compromise, saying we just need more deficits and a looser Federal Reserve. But in reality, it is unprecedented budget ...
Police beating sparks needed national debate
The latest cheesy TV cop series, “Against The Wall,” is about a Chicago woman from a family of police officers who becomes a detective in the department’s internal-affairs unit. This causes outrage among her police brothers and dad, who view internal oversight work as treasonous. The trailer is filled with ...
