Business & Economics

Business & Economics

A Bad Word in California

What does voter anger at pension payouts and government spending mean for candidates who rely on the support of public employees? Steven Greenhut is the director of the Pacific Research Institute’s Journalism Center and the author of “Plunder! How Public Employee Unions Are Raiding Treasuries, Controlling Our Lives And Bankrupting ...
Business & Economics

Jackpot Justice Series

The first film in the Jackpot Justice series titled “Lawyers Gone Wild” takes a humorous look at the absurd warning labels on everyday consumer products revealing a serious underlying problem—rampant abuse of our nation’s civil-justice tort climate. The second film titled “Judicial Hellholes” takes audiences on a tour of American ...
Business & Economics

New leadership on taxes needed

A general economic malaise permeates everyday life in California, best illustrated by the state’s 12.4 percent unemployment rate, third-highest in the country. This melancholy has forced responses from the candidates for governor. Californians should give their ideas careful scrutiny. In his eight-page fiscal plan, Jerry Brown offers vague and general ...
Business & Economics

California Tax Facts 2011

State of California General Fund Tax Revenue, Fiscal Year 2010 July 1, 2009 – June 30, 2010 up 5.6% from FY 2009 Source: California State Controller (p. 12) $86.58 billion California Tax Facts 2011 – Revenue Sour Personal Income Taxes $44.83 billion 52% Retail Sales and Use Taxes $26.74 billion   ...
Business & Economics

Brown’s Tax-the-Rich Mantra Won’t Work

The “w” word used by a Jerry Brown strategist to describe Meg Whitman’s alleged sellout on her pension reform proposals to public safety unions that are endorsing her dominated much of the coverage of the Oct. 12 debate. But far more important to California’s future was Brown’s own sellout to ...
Business & Economics

Places where judges don’t allow justice to prevail

Part two of a three-part series. In 2009, the top 10 jury awards in the United States alone totaled $1.5 billion. Eight were doled out in states with the worst tort climates as measured by the U.S. Tort Liability Index. When judges and juries in the worst jurisdictions, referred to ...
Business & Economics

Broken California

California governor Arnold Schwarzenegger recently warned that if voters approve a November initiative legalizing marijuana, the state will become a national “laughingstock.” The only thing more prevalent than non-Californians poking fun at the state’s enduring political and budget mess these days is Californians who offer counsel on how to save ...
Business & Economics

Lawyers gone wild are killing our economy

Part one of a three-part series. Jackpot Justice – Lawyers Gone Wild from Nicholas Tucker on Vimeo. It’s a dangerous world. At least, that’s what the warning labels on common consumer products would lead us to believe. The kitchen knife package cautions against juggling knives. The superhero costume warns that ...
Business & Economics

State overspends, and gets less for more

Last week the Democratic leader of the state Senate said the state should provide child care for people no longer on welfare, among $470 million worth of other social services. Consequently, Sen. Darrell Steinberg said, in January he will attempt to reverse Gov. Arnold Schwarzenegger’s line-item budget vetoes eliminating those ...
Business & Economics

Is California now an idiocracy?

SACRAMENTO – While trying to get the assembled, clueless staff at a phone store to tell me how to turn off an annoying e-mail alarm on my new smart phone, I was finally greeted by a manager, who declared that the phone is supposed to work that way. “So when ...
Business & Economics

A Bad Word in California

What does voter anger at pension payouts and government spending mean for candidates who rely on the support of public employees? Steven Greenhut is the director of the Pacific Research Institute’s Journalism Center and the author of “Plunder! How Public Employee Unions Are Raiding Treasuries, Controlling Our Lives And Bankrupting ...
Business & Economics

Jackpot Justice Series

The first film in the Jackpot Justice series titled “Lawyers Gone Wild” takes a humorous look at the absurd warning labels on everyday consumer products revealing a serious underlying problem—rampant abuse of our nation’s civil-justice tort climate. The second film titled “Judicial Hellholes” takes audiences on a tour of American ...
Business & Economics

New leadership on taxes needed

A general economic malaise permeates everyday life in California, best illustrated by the state’s 12.4 percent unemployment rate, third-highest in the country. This melancholy has forced responses from the candidates for governor. Californians should give their ideas careful scrutiny. In his eight-page fiscal plan, Jerry Brown offers vague and general ...
Business & Economics

California Tax Facts 2011

State of California General Fund Tax Revenue, Fiscal Year 2010 July 1, 2009 – June 30, 2010 up 5.6% from FY 2009 Source: California State Controller (p. 12) $86.58 billion California Tax Facts 2011 – Revenue Sour Personal Income Taxes $44.83 billion 52% Retail Sales and Use Taxes $26.74 billion   ...
Business & Economics

Brown’s Tax-the-Rich Mantra Won’t Work

The “w” word used by a Jerry Brown strategist to describe Meg Whitman’s alleged sellout on her pension reform proposals to public safety unions that are endorsing her dominated much of the coverage of the Oct. 12 debate. But far more important to California’s future was Brown’s own sellout to ...
Business & Economics

Places where judges don’t allow justice to prevail

Part two of a three-part series. In 2009, the top 10 jury awards in the United States alone totaled $1.5 billion. Eight were doled out in states with the worst tort climates as measured by the U.S. Tort Liability Index. When judges and juries in the worst jurisdictions, referred to ...
Business & Economics

Broken California

California governor Arnold Schwarzenegger recently warned that if voters approve a November initiative legalizing marijuana, the state will become a national “laughingstock.” The only thing more prevalent than non-Californians poking fun at the state’s enduring political and budget mess these days is Californians who offer counsel on how to save ...
Business & Economics

Lawyers gone wild are killing our economy

Part one of a three-part series. Jackpot Justice – Lawyers Gone Wild from Nicholas Tucker on Vimeo. It’s a dangerous world. At least, that’s what the warning labels on common consumer products would lead us to believe. The kitchen knife package cautions against juggling knives. The superhero costume warns that ...
Business & Economics

State overspends, and gets less for more

Last week the Democratic leader of the state Senate said the state should provide child care for people no longer on welfare, among $470 million worth of other social services. Consequently, Sen. Darrell Steinberg said, in January he will attempt to reverse Gov. Arnold Schwarzenegger’s line-item budget vetoes eliminating those ...
Business & Economics

Is California now an idiocracy?

SACRAMENTO – While trying to get the assembled, clueless staff at a phone store to tell me how to turn off an annoying e-mail alarm on my new smart phone, I was finally greeted by a manager, who declared that the phone is supposed to work that way. “So when ...
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