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Business & Economics PRESS ROOM |
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Study Says “Opt-In” Legislation Will Cost Californians Billions
Submitted on 1.24.2002
San Francisco, CA—A new study by two Columbia University experts is warning Californians they will pay significantly more for mortgages, consumer credit, and other goods and services if restrictive “opt-in” privacy legislation under consideration in Sacramento becomes law. Charities and the state treasury will also experience losses, the study concludes.
How much privacy law is too much?
Submitted by Sally C. Pipes on 1.18.2002
In his state of the state address, California Governor Gray Davis vowed to introduce new financial privacy legislation. But a federal law already protects Californians and new legislation could be harmful to consumers if it constrains day-to-day information exchange.
What Scandal? The Number Of Bush Favors For Enron: 0
Submitted by Sally C. Pipes on 1.17.2002
“This is a perfect storm,” a salivating Democratic congressional staffer told The New York Times, working off Democratic talking points on the Enron bankruptcy. “It’s the biggest bankruptcy in American corporate history, a bankruptcy where a small number of executives enriched themselves while thousands of employees were left with worthless stock.”
2002-03 Budget Deficit
Submitted by Lance T. Izumi, J.D. on 1.8.2002
Governor Gray Davis blames much of the state’s $12.4 billion deficit on the events of September 11th. The foundation for the budget disaster, though, was laid much earlier. Back when times were flush, Gov. Davis and the State Legislature went on a spending spree. Many of us warned at the time that when the inevitable recession hit California, we would discover that Gov. Davis signed all those spending bills using a pen filled with red ink. Now the recession is here and, voila, we have big deficits.
Affordable housing? Not under Davis
Submitted by Sally C. Pipes on 1.4.2002
Affordable housing, already an oxymoron in most California cities and especially the Bay Area, just became more unaffordable due to a new state law.
Golden Rhyme
Submitted by Steven F. Hayward, Ph.D on 1.1.2002
Mark Twain is credited with the remark that history doesn’t repeat itself -- but it rhymes. For Republicans in California, the rhyme of history on Tuesday was so harmonious that they could be forgiven for thinking history is about to repeat itself exactly.
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