Housing

Business & Economics

Proposition 13 turns 30

Thirty years last ago Friday, on June 6, 1978, Californians passed Proposition 13, the “People’s Initiative to Limit Property Taxation.” It helped California homeowners, but is now blamed for many of the state’s woes. Owning a home has always been part of the American dream. During the latter part of ...
Commentary

Proposition 13 Turns 30: Why it’s still necessary, and why the pillage people still hate it

SACRAMENTO – Thirty years ago Friday, on June 6, 1978, Californians passed Proposition 13, the “People’s Initiative to Limit Property Taxation” that helped California homeowners but is now blamed for many state woes. Owning a home has always been part of the American dream. During the latter part of the ...
Business & Economics

The Government’s Scapegoats

With food and energy prices soaring, housing prices collapsing, and the economy sinking into what could be a deep recession, the government has been searching around for villains. The latest scapegoats are speculators, OPEC, and of course, the big bad oil companies. As usual, our government ignores its own role ...
Commentary

Independent explores new perspective

A whole new world of political thought opened to Vancouver’s Ceci Ryan Smith last month at a well-known ranch in California. She was guest at a conservative women’s conference at the Reagan Ranch Center. Ceci (wife of Vancouver’s Dave Smith, mother of two, board member of the Vancouver Housing Authority ...
Business & Economics

Issue of taxation worthwhile topic for the candidates

Instead of all the mudslinging between Senators Hillary Clinton and Barack Obama, wouldn’t it be refreshing to have them engage in some serious political discussion? Many American citizens might appreciate some in-depth exploration of the nature of taxation. The federal income tax, in particular, would deserve thoughtful examination. Senator John ...
Commentary

Californication – It’s a Sin

People frequently argue that California should be the model for the nation’s energy use, because it has managed to keep per capita energy consumption flat over the past couple of decades. Not so fast, says Tom Tanton of the Pacific Research Institute and the Institute for Energy Research. In a ...
Business & Economics

The Beginning of the Longevity Revolution

At last week’s Aging in America conference in Washington, attendees were greeted with multiple displays of technology aiming to help older people live better. A technological divide exists between the “oldest old” and the “recently old” baby boomers, but technologies developed for both groups may also be able to help ...
Business & Economics

Memo To The Fed: Stop Those Rate Cuts

The markets rallied last Tuesday in response to the Fed’s growing assistance to holders of mortgage-backed securities. Yet many onlookers are convinced that an aggressive cut in the federal funds rate at the upcoming March 18 meeting is still necessary to avoid a painful recession. In our view, further loosening ...
Business & Economics

Making the Mortgage Mess Worse

Recently the Bush administration unveiled a plan for homeowners facing foreclosure to receive a 30-day reprieve from their creditors. This might come as welcome news in Sacramento where a jaw-dropping 46 percent of December sales were foreclosed homes. Unfortunately, the latest plan-as well as earlier government ideas to freeze rate ...
Business & Economics

Fed Was `Premature’ to Cut Rates, Former Central Banker Says

Jan. 22 (Bloomberg) — The Federal Reserve was too quick to reduce interest rates today in an emergency move after global stock markets tumbled, a former Fed president said. “It strikes me as very premature,” Lee Hoskins, former president of the Cleveland Fed, said in an interview after the central ...
Business & Economics

Proposition 13 turns 30

Thirty years last ago Friday, on June 6, 1978, Californians passed Proposition 13, the “People’s Initiative to Limit Property Taxation.” It helped California homeowners, but is now blamed for many of the state’s woes. Owning a home has always been part of the American dream. During the latter part of ...
Commentary

Proposition 13 Turns 30: Why it’s still necessary, and why the pillage people still hate it

SACRAMENTO – Thirty years ago Friday, on June 6, 1978, Californians passed Proposition 13, the “People’s Initiative to Limit Property Taxation” that helped California homeowners but is now blamed for many state woes. Owning a home has always been part of the American dream. During the latter part of the ...
Business & Economics

The Government’s Scapegoats

With food and energy prices soaring, housing prices collapsing, and the economy sinking into what could be a deep recession, the government has been searching around for villains. The latest scapegoats are speculators, OPEC, and of course, the big bad oil companies. As usual, our government ignores its own role ...
Commentary

Independent explores new perspective

A whole new world of political thought opened to Vancouver’s Ceci Ryan Smith last month at a well-known ranch in California. She was guest at a conservative women’s conference at the Reagan Ranch Center. Ceci (wife of Vancouver’s Dave Smith, mother of two, board member of the Vancouver Housing Authority ...
Business & Economics

Issue of taxation worthwhile topic for the candidates

Instead of all the mudslinging between Senators Hillary Clinton and Barack Obama, wouldn’t it be refreshing to have them engage in some serious political discussion? Many American citizens might appreciate some in-depth exploration of the nature of taxation. The federal income tax, in particular, would deserve thoughtful examination. Senator John ...
Commentary

Californication – It’s a Sin

People frequently argue that California should be the model for the nation’s energy use, because it has managed to keep per capita energy consumption flat over the past couple of decades. Not so fast, says Tom Tanton of the Pacific Research Institute and the Institute for Energy Research. In a ...
Business & Economics

The Beginning of the Longevity Revolution

At last week’s Aging in America conference in Washington, attendees were greeted with multiple displays of technology aiming to help older people live better. A technological divide exists between the “oldest old” and the “recently old” baby boomers, but technologies developed for both groups may also be able to help ...
Business & Economics

Memo To The Fed: Stop Those Rate Cuts

The markets rallied last Tuesday in response to the Fed’s growing assistance to holders of mortgage-backed securities. Yet many onlookers are convinced that an aggressive cut in the federal funds rate at the upcoming March 18 meeting is still necessary to avoid a painful recession. In our view, further loosening ...
Business & Economics

Making the Mortgage Mess Worse

Recently the Bush administration unveiled a plan for homeowners facing foreclosure to receive a 30-day reprieve from their creditors. This might come as welcome news in Sacramento where a jaw-dropping 46 percent of December sales were foreclosed homes. Unfortunately, the latest plan-as well as earlier government ideas to freeze rate ...
Business & Economics

Fed Was `Premature’ to Cut Rates, Former Central Banker Says

Jan. 22 (Bloomberg) — The Federal Reserve was too quick to reduce interest rates today in an emergency move after global stock markets tumbled, a former Fed president said. “It strikes me as very premature,” Lee Hoskins, former president of the Cleveland Fed, said in an interview after the central ...
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