Business & Economics
Business & Economics
California’s three-step recovery
As conflicts rage across the Midwest between state governments intent on solving their budget crises and public-sector unions trying to protect the status quo, there has been a worrisome calmness in Sacramento. This is a sure sign that California leaders are refusing to make hard decisions, in a state whose ...
Business & Economics
Analyze This: Unelected Regulatory Zealots Don’t Need More Power
California’s Legislative Analyst (LAO) is a nonpartisan body “providing fiscal and policy advice to the Legislature for more than 70 years,” according to its website. Some of its recent advice is seriously misguided, such as a proposal to expand the power of an unelected body, headed by regulatory zealots, that ...
Business & Economics
The Fed needs to free the market
SAN FRANCISCO (MarketWatch) — The Financial Crisis Inquiry Commission issued its finding that the devastating economic events of the past few years were “preventable.” The FCIC heaped the blame on many parties, but drew the wrong conclusion when it faulted the government and Federal Reserve for lax oversight. On the ...
Business & Economics
Obama should abandon energy fables and deal with facts
After a bruising battle over cap and trade last year, President Obama has set his sights on another target — oil and natural gas companies. Vilifying “big oil” might be good politics, but it’s bad policy. If we’re going to get serious about energy solutions, we first need to separate ...
Business & Economics
Could Wisconsin happen in California?
SACRAMENTO – If a real battle over union reform can take place in Wisconsin and spread to other liberal rust-belt, union-dominated states, then it could perhaps happen in California – although it might take some time, given the political dynamic here and the “marches to its own drummer” ethic of ...
Business & Economics
Cities go on wild spending sprees
SACRAMENTO – Gov. Jerry Brown has been caught flat-footed in his plan to shutter the state’s redevelopment agencies as cities across California continue to squander their redevelopment cash, tying up hundreds of millions of dollars in long-term spending on half-baked projects simply to keep the money away from the state. ...
Business & Economics
Redevelopment is Redistribution
Nine of Californias big-city mayors met recently with Gov. Jerry Brown in an attempt to talk him out of eliminating redevelopment agencies (RDAs) as part of his budget-balancing proposal. The mayors support keeping RDAs intact because they believe it is through redevelopment that cities create jobs. Without redevelopment agencies, several ...
Business & Economics
Californians need to suffer more
People increasingly want answers for how California can solve its fiscal problems, but I rarely have good news to offer. Last week, I wrote about three Assembly Republicans who attended a “no more cuts” rally sponsored by the Service Employees International Union – those always-agitated, purple-shirted, bullhorn-toting activists who are ...
Business & Economics
Union rally exposes Republicans’ weak links
After Gov. Jerry Brown’s State of the State address pushing for the Legislature to place a series of tax-extension measures on the ballot, Republicans countered by emphasizing their continuing opposition to higher taxes. For instance, Assemblyman Brian Nestande of Palm Desert, the Assembly minority leader’s top lieutenant, said, “I stand ...
Business & Economics
Why California Should Not Follow New York’s Internet Tax Plan
California is facing budget problems yet again, and once again state lawmakers are hoping to shake down Internet retailers as a fast source of revenue. A bill introduced by Democratic Assemblywoman Nancy Skinner (AB 153) proposes to force out-of-state businesses to collect tax if they use an in-state company to ...
California’s three-step recovery
As conflicts rage across the Midwest between state governments intent on solving their budget crises and public-sector unions trying to protect the status quo, there has been a worrisome calmness in Sacramento. This is a sure sign that California leaders are refusing to make hard decisions, in a state whose ...
Analyze This: Unelected Regulatory Zealots Don’t Need More Power
California’s Legislative Analyst (LAO) is a nonpartisan body “providing fiscal and policy advice to the Legislature for more than 70 years,” according to its website. Some of its recent advice is seriously misguided, such as a proposal to expand the power of an unelected body, headed by regulatory zealots, that ...
The Fed needs to free the market
SAN FRANCISCO (MarketWatch) — The Financial Crisis Inquiry Commission issued its finding that the devastating economic events of the past few years were “preventable.” The FCIC heaped the blame on many parties, but drew the wrong conclusion when it faulted the government and Federal Reserve for lax oversight. On the ...
Obama should abandon energy fables and deal with facts
After a bruising battle over cap and trade last year, President Obama has set his sights on another target — oil and natural gas companies. Vilifying “big oil” might be good politics, but it’s bad policy. If we’re going to get serious about energy solutions, we first need to separate ...
Could Wisconsin happen in California?
SACRAMENTO – If a real battle over union reform can take place in Wisconsin and spread to other liberal rust-belt, union-dominated states, then it could perhaps happen in California – although it might take some time, given the political dynamic here and the “marches to its own drummer” ethic of ...
Cities go on wild spending sprees
SACRAMENTO – Gov. Jerry Brown has been caught flat-footed in his plan to shutter the state’s redevelopment agencies as cities across California continue to squander their redevelopment cash, tying up hundreds of millions of dollars in long-term spending on half-baked projects simply to keep the money away from the state. ...
Redevelopment is Redistribution
Nine of Californias big-city mayors met recently with Gov. Jerry Brown in an attempt to talk him out of eliminating redevelopment agencies (RDAs) as part of his budget-balancing proposal. The mayors support keeping RDAs intact because they believe it is through redevelopment that cities create jobs. Without redevelopment agencies, several ...
Californians need to suffer more
People increasingly want answers for how California can solve its fiscal problems, but I rarely have good news to offer. Last week, I wrote about three Assembly Republicans who attended a “no more cuts” rally sponsored by the Service Employees International Union – those always-agitated, purple-shirted, bullhorn-toting activists who are ...
Union rally exposes Republicans’ weak links
After Gov. Jerry Brown’s State of the State address pushing for the Legislature to place a series of tax-extension measures on the ballot, Republicans countered by emphasizing their continuing opposition to higher taxes. For instance, Assemblyman Brian Nestande of Palm Desert, the Assembly minority leader’s top lieutenant, said, “I stand ...
Why California Should Not Follow New York’s Internet Tax Plan
California is facing budget problems yet again, and once again state lawmakers are hoping to shake down Internet retailers as a fast source of revenue. A bill introduced by Democratic Assemblywoman Nancy Skinner (AB 153) proposes to force out-of-state businesses to collect tax if they use an in-state company to ...
