Business & Economics
Business & Economics
Sacramento Sell-Out: Even the Laws Have a Price
Only two weeks after lawmakers in Sacramento passed a budget, the state is already in the red. As Governor Schwarzenegger and the legislature debate more spending cuts and accounting tricks, another solution may be right in front of them: more laws. In California, government owns the laws and forces people ...
Business & Economics
Riding the Revenue Rollercoaster
After a record impasse, the sages of Sacramento have finally agreed on a budget for California, a $144-billion bonanza with unprecedented general fund spending but without structural reform in the state’s finances. The boom-bust revenue rollercoaster is still in place, and Californians can expect a bigger budget crisis in a ...
Business & Economics
Federal Reserve Employs Tools to Ease Credit Fears
JIM LEHRER: This day in the financial crisis began with the Federal Reserve. It took the unprecedented move to buy short-term debt to thaw out frozen credit markets. Fed Chairman Ben Bernanke laid out just how bad those conditions are during a speech today. BEN BERNANKE, Federal Reserve Chairman: Even ...
Business & Economics
Whether McCain or Obama, Tech Policy Is Bound to Change
Technology policy is not center stage in this year’s presidential campaign, much as the competitive community might wish otherwise. Each candidate – Sens. John McCain, R-Ariz., and Barack Obama, D-Ill. — is consumed with weightier subjects, namely the economy and Iraq, analysts and industry insiders say. That’s not to say ...
Business & Economics
A Strike Against Labor
If one were looking to make a statement about fiscal prudence in the $3.3 billion budget for the University of California system, wiping out a single $5.4 million research program probably wouldn’t be how you’d do it. Which suggests that, despite his remarks to the contrary, there was probably another ...
Business & Economics
A Lesson both Modern and Ancient for the Tax Commission
Now that the legislative session is over and Speaker Karen Bass is contemplating her commission on taxation, I want to recommend a piece in the September 25th Sacramento Bee by Jason Clemens of the Pacific Research Institute. Clemens, a Canadian, tells the tale of how Canada’s left leaning political party ...
Business & Economics
Glenn Beck: Problem solved! Not
GLENN: We fixed the banking problem. STU: Friday banking crisis solved, right? GLENN: Yes. STU: So California, today California problem. Tomorrow, California bailout. GLENN: Solved. STU: Wednesday, California solved. Why don’t we just pass bailouts for everything, then everything would be solved. GLENN: I love this idea. May I tell ...
Business & Economics
Let Entrepreneurs Fix the Problem Government Made
As the financial crisis intensifies, we hear ever more claims that emergency times justify government measures unthinkable a mere 14 months ago. Even some libertarians, who would cry foul if a third world dictator nationalized an industry, are calling for the government to take equity positions in major financial institutions. ...
Blackouts
Network Theory Can Explain US Credit Crunch
The financial crisis currently consuming the U.S. has led tech industry leaders, such as Microsoft’s (Nasdaq: MSFT) Steve Ballmer, to speak out in favor of quick Congressional action. Tech stocks, as well as general stocks, have plummeted, and there is confusion over why this crisis is happening and spreading so ...
Business & Economics
Study: region’s business regs are worst
San Francisco, Calif. — The Pacific Research Institute, a free-market think tank based in California, has released the ‘U.S. Economic Freedom Index 2008 Report,’ a ranking of economic freedom in the 50 states. Published in association with Forbes, the index scored states based on 143 variables, including regulatory and fiscal ...
Sacramento Sell-Out: Even the Laws Have a Price
Only two weeks after lawmakers in Sacramento passed a budget, the state is already in the red. As Governor Schwarzenegger and the legislature debate more spending cuts and accounting tricks, another solution may be right in front of them: more laws. In California, government owns the laws and forces people ...
Riding the Revenue Rollercoaster
After a record impasse, the sages of Sacramento have finally agreed on a budget for California, a $144-billion bonanza with unprecedented general fund spending but without structural reform in the state’s finances. The boom-bust revenue rollercoaster is still in place, and Californians can expect a bigger budget crisis in a ...
Federal Reserve Employs Tools to Ease Credit Fears
JIM LEHRER: This day in the financial crisis began with the Federal Reserve. It took the unprecedented move to buy short-term debt to thaw out frozen credit markets. Fed Chairman Ben Bernanke laid out just how bad those conditions are during a speech today. BEN BERNANKE, Federal Reserve Chairman: Even ...
Whether McCain or Obama, Tech Policy Is Bound to Change
Technology policy is not center stage in this year’s presidential campaign, much as the competitive community might wish otherwise. Each candidate – Sens. John McCain, R-Ariz., and Barack Obama, D-Ill. — is consumed with weightier subjects, namely the economy and Iraq, analysts and industry insiders say. That’s not to say ...
A Strike Against Labor
If one were looking to make a statement about fiscal prudence in the $3.3 billion budget for the University of California system, wiping out a single $5.4 million research program probably wouldn’t be how you’d do it. Which suggests that, despite his remarks to the contrary, there was probably another ...
A Lesson both Modern and Ancient for the Tax Commission
Now that the legislative session is over and Speaker Karen Bass is contemplating her commission on taxation, I want to recommend a piece in the September 25th Sacramento Bee by Jason Clemens of the Pacific Research Institute. Clemens, a Canadian, tells the tale of how Canada’s left leaning political party ...
Glenn Beck: Problem solved! Not
GLENN: We fixed the banking problem. STU: Friday banking crisis solved, right? GLENN: Yes. STU: So California, today California problem. Tomorrow, California bailout. GLENN: Solved. STU: Wednesday, California solved. Why don’t we just pass bailouts for everything, then everything would be solved. GLENN: I love this idea. May I tell ...
Let Entrepreneurs Fix the Problem Government Made
As the financial crisis intensifies, we hear ever more claims that emergency times justify government measures unthinkable a mere 14 months ago. Even some libertarians, who would cry foul if a third world dictator nationalized an industry, are calling for the government to take equity positions in major financial institutions. ...
Network Theory Can Explain US Credit Crunch
The financial crisis currently consuming the U.S. has led tech industry leaders, such as Microsoft’s (Nasdaq: MSFT) Steve Ballmer, to speak out in favor of quick Congressional action. Tech stocks, as well as general stocks, have plummeted, and there is confusion over why this crisis is happening and spreading so ...
Study: region’s business regs are worst
San Francisco, Calif. — The Pacific Research Institute, a free-market think tank based in California, has released the ‘U.S. Economic Freedom Index 2008 Report,’ a ranking of economic freedom in the 50 states. Published in association with Forbes, the index scored states based on 143 variables, including regulatory and fiscal ...
