Business & Economics
Business & Economics
Another Roosevelt? More like Barack Hoover
President Obama has been talking tough on deficit reduction, but many left-leaning pundits and economists warn that such rhetoric will prolong the economic slump. MSNBC host Rachel Maddow warned that Obamas proposed partial spending freeze was Herbert Hoovers strategy, while Budget Director Peter Orszag cautioned that FDRs attempt in 1937 ...
Business & Economics
‘Jobs’ bills: Why they fizzle
California’s unemployment rate is more than 12 percent, prompting state Senate President pro Tem Darrell Steinberg’s new plan to create some 140,000 jobs. The plan, unfortunately, has a problem. Steinberg’s plan consists of several measures, each expected to create a specific number of jobs. Yet when tallying up the number ...
Business & Economics
Retreat from pension reform fight
SACRAMENTO Anyone who thinks that gubernatorial candidate Meg Whitman offers much hope for fixing the state’s structural fiscal mess should now wonder whether the billionaire former eBay chief executive might end up being nothing more than another Arnold Schwarzenegger a governor who sometimes talks a good game but who, ...
Business & Economics
Greetings from California
I simply noted that California has very high tax rates, a bloated and expensive government bureaucracy, and one of the largest public sectors (as measured by government spending as a share of state economic output) in the country. This excellent report from the Pacific Research Institute has plenty of details.
Business & Economics
Sacramento takes aim at free parking
San Francisco Business Times, February 26, 2010 Californians know that a free parking space is hard to find. Such spaces may be even harder to find under SB 518, proposed by state Sen. Alan Lowenthal (D-Long Beach). Like much of what emerges from Sacramento, the measure is at least instructive.
Business & Economics
Medical malpractice back on the table?
A spokesman for the American Tort Reform Association, Darren McKinney, suggested that those estimates are too low and pointed to other studies that have found more significant potential for savings. Lawrence McQuillan of the Pacific Research Institute, for example, has suggested that defensive medicine costs $191 billion a year, which ...
Business & Economics
Uncertainty about government to blame for sluggish job growth
Dear Editor: The U.S. economy shed another 85,000 jobs in December, when most analysts had expected no change or even slight job creation. Meanwhile, the Obama administration continues to push for healthcare reform and other measures that will require higher taxes. Ironically, it is the federal government’s policy activism itself ...
Business & Economics
State not exactly the well-oiled machine
SACRAMENTO A new report from the California State Auditor should throw cold water on those who believe that the best way to solve the state’s problems is by expanding government power, increasing government funding and creating new regulatory powers and agencies. The auditor has released its annual report analyzing how ...
Business & Economics
Setting the stage for stagflation
Prices rose 2.7 percent during 2009, according to the Bureau of Labor Statistics’ recent update of the Consumer Price Index (CPI). This is a worrisome fact because last year’s unemployment rate averaged more than 9 percent. This trend may signal a return of “stagflation,” a merger of stagnation and inflation. ...
Business & Economics
The War Against Free Parking
From San Diego to Susanville, Californians know that a free parking space is hard to find. Such spaces may be even harder to find under SB 518, proposed by state senator Alan Lowenthal. Like much of what emerges from Sacramento, the measure is at least instructive. Free parking only encourages ...
Another Roosevelt? More like Barack Hoover
President Obama has been talking tough on deficit reduction, but many left-leaning pundits and economists warn that such rhetoric will prolong the economic slump. MSNBC host Rachel Maddow warned that Obamas proposed partial spending freeze was Herbert Hoovers strategy, while Budget Director Peter Orszag cautioned that FDRs attempt in 1937 ...
‘Jobs’ bills: Why they fizzle
California’s unemployment rate is more than 12 percent, prompting state Senate President pro Tem Darrell Steinberg’s new plan to create some 140,000 jobs. The plan, unfortunately, has a problem. Steinberg’s plan consists of several measures, each expected to create a specific number of jobs. Yet when tallying up the number ...
Retreat from pension reform fight
SACRAMENTO Anyone who thinks that gubernatorial candidate Meg Whitman offers much hope for fixing the state’s structural fiscal mess should now wonder whether the billionaire former eBay chief executive might end up being nothing more than another Arnold Schwarzenegger a governor who sometimes talks a good game but who, ...
Greetings from California
I simply noted that California has very high tax rates, a bloated and expensive government bureaucracy, and one of the largest public sectors (as measured by government spending as a share of state economic output) in the country. This excellent report from the Pacific Research Institute has plenty of details.
Sacramento takes aim at free parking
San Francisco Business Times, February 26, 2010 Californians know that a free parking space is hard to find. Such spaces may be even harder to find under SB 518, proposed by state Sen. Alan Lowenthal (D-Long Beach). Like much of what emerges from Sacramento, the measure is at least instructive.
Medical malpractice back on the table?
A spokesman for the American Tort Reform Association, Darren McKinney, suggested that those estimates are too low and pointed to other studies that have found more significant potential for savings. Lawrence McQuillan of the Pacific Research Institute, for example, has suggested that defensive medicine costs $191 billion a year, which ...
Uncertainty about government to blame for sluggish job growth
Dear Editor: The U.S. economy shed another 85,000 jobs in December, when most analysts had expected no change or even slight job creation. Meanwhile, the Obama administration continues to push for healthcare reform and other measures that will require higher taxes. Ironically, it is the federal government’s policy activism itself ...
State not exactly the well-oiled machine
SACRAMENTO A new report from the California State Auditor should throw cold water on those who believe that the best way to solve the state’s problems is by expanding government power, increasing government funding and creating new regulatory powers and agencies. The auditor has released its annual report analyzing how ...
Setting the stage for stagflation
Prices rose 2.7 percent during 2009, according to the Bureau of Labor Statistics’ recent update of the Consumer Price Index (CPI). This is a worrisome fact because last year’s unemployment rate averaged more than 9 percent. This trend may signal a return of “stagflation,” a merger of stagnation and inflation. ...
The War Against Free Parking
From San Diego to Susanville, Californians know that a free parking space is hard to find. Such spaces may be even harder to find under SB 518, proposed by state senator Alan Lowenthal. Like much of what emerges from Sacramento, the measure is at least instructive. Free parking only encourages ...
