Economy
Business & Economics
Artificially low interest rates bad for economy
Ultra-low interest rates fueled the housing bubble, thanks to former Fed chairman Alan Greenspan’s direction. And Americans should brace for another crash because that practice has continued. The Federal Reserve’s Open Market Committee recently announced it would maintain a target of zero to 0.25 percent for the federal funds rate ...
Business & Economics
To Revive New York’s Economy, Attack Lawsuit Abuse
New York’s unemployment rate is hovering near 9% – the highest in more than a decade. Meanwhile, almost 12% of Empire State homeowners are late on their mortgages or in foreclosure. From 1997 through 2007, the number of jobs in New York increased only 8%, ranking the state 36th. During ...
Business & Economics
Obama’s Big Spending Fallacy Could Ruin the US Economy: A History Lesson
I’m inclined to the view that the Great Depression was a seminal turning point in the history of economic thought. Thanks to that politically-induced tragedy something like 150 years of sound economic reasoning was overturned by two mercantilist fallacies that we now call Keynesianism, the first of which was the ...
Business & Economics
California’s Economy: Boxer And Krugman Get It Wrong
New York Times columnist Paul Krugman argued in a May 25th column that California’s economic problems are rooted in a dysfunctional government that finds it “extremely hard to raise taxes, even in emergencies.” On May 28, California’s junior Senator, Barbara Boxer made a similar argument on MSNBC’s Morning Joe. Both ...
Business & Economics
CNBC News: Fed Backs U.S. Economy
Insight on the Federal Reserve’s ‘build-up the balance sheet’ program, with Art Laffer, Laffer Investments; Lee Hoskins, Pacific Research Institute; and CNBC’s Rick Santelli, Steve Liesman & Larry Kudlow.
Business & Economics
Will Electric Cars Jolt California’s Economy?
With the support of Governor Schwarzenegger, the mayors of San Francisco, Oakland, and San Jose last week announced a $1-billion joint plan to make the Bay Area “the electric-vehicle capital of the world.” The announcement follows President-elect Obama’s pledge to reinvigorate the nation’s economy with millions of “green collar” jobs. ...
Business & Economics
Use Special Session to Liberate California Economy
California Republic, November 7, 2008 Inland Valley Daily Bulletin (Ontario, CA), November 13, 2008 SACRAMENTO – Today, one day after a national election, a special California legislative session, called for by Governor Schwarzenegger, begins to deal with this fiscal year’s budget deficit, as high as $10 billion by some estimates. ...
Business & Economics
Commentary: Who do you think will be better for the economy: John McCain or Barak Obama?
Cartoonist Scott Adams, he of “Dilbert” fame, was plagued by the same question so, he reports, he commissioned a survey of more than 500 economists, “to find out which candidates for President of the United States would be best for the economy long term,” a release put out by United ...
Business & Economics
Tort reform would spark lagging local economy
The Dow Jones industrial average has fallen more than 1,500 points since last year. Bear Stearns has gone belly up. Every week talking heads point to a different blue-chip company supposedly teetering on the brink of financial ruin. It seems as if things couldn’t get worse for Wall Street and ...
Business & Economics
California lawmakers must help economy with tort reform
The United States saw 324,000 jobs disappear in the first five months of the year – more evidence of a shaky economy. The news will surely prompt legislation intended to bolster jobs with “temporary” government programs. But the best jobs program for California is not more spending we can’t afford. ...
Artificially low interest rates bad for economy
Ultra-low interest rates fueled the housing bubble, thanks to former Fed chairman Alan Greenspan’s direction. And Americans should brace for another crash because that practice has continued. The Federal Reserve’s Open Market Committee recently announced it would maintain a target of zero to 0.25 percent for the federal funds rate ...
To Revive New York’s Economy, Attack Lawsuit Abuse
New York’s unemployment rate is hovering near 9% – the highest in more than a decade. Meanwhile, almost 12% of Empire State homeowners are late on their mortgages or in foreclosure. From 1997 through 2007, the number of jobs in New York increased only 8%, ranking the state 36th. During ...
Obama’s Big Spending Fallacy Could Ruin the US Economy: A History Lesson
I’m inclined to the view that the Great Depression was a seminal turning point in the history of economic thought. Thanks to that politically-induced tragedy something like 150 years of sound economic reasoning was overturned by two mercantilist fallacies that we now call Keynesianism, the first of which was the ...
California’s Economy: Boxer And Krugman Get It Wrong
New York Times columnist Paul Krugman argued in a May 25th column that California’s economic problems are rooted in a dysfunctional government that finds it “extremely hard to raise taxes, even in emergencies.” On May 28, California’s junior Senator, Barbara Boxer made a similar argument on MSNBC’s Morning Joe. Both ...
CNBC News: Fed Backs U.S. Economy
Insight on the Federal Reserve’s ‘build-up the balance sheet’ program, with Art Laffer, Laffer Investments; Lee Hoskins, Pacific Research Institute; and CNBC’s Rick Santelli, Steve Liesman & Larry Kudlow.
Will Electric Cars Jolt California’s Economy?
With the support of Governor Schwarzenegger, the mayors of San Francisco, Oakland, and San Jose last week announced a $1-billion joint plan to make the Bay Area “the electric-vehicle capital of the world.” The announcement follows President-elect Obama’s pledge to reinvigorate the nation’s economy with millions of “green collar” jobs. ...
Use Special Session to Liberate California Economy
California Republic, November 7, 2008 Inland Valley Daily Bulletin (Ontario, CA), November 13, 2008 SACRAMENTO – Today, one day after a national election, a special California legislative session, called for by Governor Schwarzenegger, begins to deal with this fiscal year’s budget deficit, as high as $10 billion by some estimates. ...
Commentary: Who do you think will be better for the economy: John McCain or Barak Obama?
Cartoonist Scott Adams, he of “Dilbert” fame, was plagued by the same question so, he reports, he commissioned a survey of more than 500 economists, “to find out which candidates for President of the United States would be best for the economy long term,” a release put out by United ...
Tort reform would spark lagging local economy
The Dow Jones industrial average has fallen more than 1,500 points since last year. Bear Stearns has gone belly up. Every week talking heads point to a different blue-chip company supposedly teetering on the brink of financial ruin. It seems as if things couldn’t get worse for Wall Street and ...
California lawmakers must help economy with tort reform
The United States saw 324,000 jobs disappear in the first five months of the year – more evidence of a shaky economy. The news will surely prompt legislation intended to bolster jobs with “temporary” government programs. But the best jobs program for California is not more spending we can’t afford. ...
