Category: The Economy
Bizarre Claim for $1 Trillion
An American expatriate in Bulgaria claims the United Nations, the World Economic Forum, the Office of International Treasury Control and the Italian government conspired with a host of others to steal more than $1.1 trillion in financial instruments intended to support humanitarian purposes. The 111-page federal complaint involves a range of entities common to conspiracy [...]
O.C. business owners expect 2012 rebound
After years of merely trying to hang on, nine out of 10 Orange County business owners who responded to a Register survey expect their business revenues to grow in 2012, and more than 7 out of 10 expect to be more profitable too. However, they are much more cautious about the economy in general with [...]
Federal Reserve, U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks
This article was published on July 21, 2011 but since the mainstream media wouldn’t touch it, we are posting it here as it may be the biggest story to come out of the financial crisis as of yet… By Bernie Sanders The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how [...]
Obama Emphasizes Cooperation with Asia
President Barack Obama ended his trip to this weekend’s Asia-Pacific Economic Cooperation summit stressing job creation — calling the Pacific region vital to such economic growth, even as he needled China to do more. Touting progress on several fronts in the Hawaii talks with leaders of 18 other nations and representatives from two others, he [...]
Prop 13: California Diminished by 1978 Tax Revolt
By Christopher Palmeri, ©2011 Bloomberg News California voters approved Proposition 13 to rein in property taxes that had doubled in 10 years. More than three decades later, that rebellion has mortgaged the state’s future, saddling it with the nation’s highest debt and lowest credit rating. The measure led to reductions that dropped per-student school spending [...]
Poll: Support for Obama falling even in California
SACRAMENTO — A Field Poll released Wednesday shows support for President Barack Obama is falling even in reliably Democratic California, where the shaky economy and persistently high unemployment have created pessimism about the future. Just 49 percent of registered voters say they are inclined to re-elect Obama, 5 points higher than the number of those [...]
Poll: 72% See U.S. Economy on Wrong Course
Americans’ pessimism about the economy has deepened and confidence in both political parties has fallen with only 20 percent saying the country is on the right course even as they remain divided over solutions. Just 9 percent of people say they are confident the economy won’t slide back into recession, in a Bloomberg National Poll. [...]
California taxes got you down? 5 least taxed states for retirees
When folks think about where to settle for their golden years, they probably think of family first. Where are the kids? The grandkids? Best to be close to them. But these days, with economic realities forcing many people to make difficult decisions, money has to come into the conversation too. Particularly relevant to real estate, [...]
Barnes & Noble Thanks California Governor Jerry Brown for Signing AB 28X-E-Fairness
New Law Will Benefit California Businesses Barnes & Noble, Inc. BKS +5.43% , the world’s largest bookseller, issued the following statement today regarding Governor Jerry Brown signing the e-fairness legislation: “We thank Governor Jerry Brown for demonstrating his commitment to California businesses by signing e-fairness into law. This legislation will directly benefit California businesses by creating a [...]
California Slashes Services: Why Aren’t Citizens Up in Arms?
Within hours of one another this week, legislators in Greece and California both announced plans for fiscal austerity. In Greece, violent rioting followed immediately. Public reaction in California remains to be heard, but experts on American politics and society say that though protest is certain, Americans’ reaction to austerity measures are usually found at the [...]
