In the three weeks since the start of our third quarter on May 1st, which coincided with the expiration of the homebuyer tax credit, our per community deposits and traffic were up 23% and 11%, respectively, over last year’s comparable…
The state of California’s real unfunded pension debt clocks in at more than $500 billion, nearly eight times greater than officially reported. That’s the finding from a study released Monday by Stanford University’s public policy program, confirming a recent report…
California, New York and other states are showing many of the same signs of debt overload that recently took Greece to the brink — budgets that will not balance, accounting that masks debt, the use of derivatives to plug holes, and…
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
We’re looking to get these properties sold as soon as possible. – Eric Lamoureux, CA Department of General Services Spokesmen The state wants to sell the buildings for the cash and then lease them back from the new owners. It…
An especially intriguing candidate in a colorful field is Tom Campbell. Colorful he is not. “Talk softly and carry a small calculator” could be his motto. What glitter, however, are his resume and agenda. He has a Harvard law degree…
It’s a dereliction of our first duty as American citizens. We’re talking about someone who has practically not voted her entire adulthood. It’s embarrassing. – Mark Petracca, Political Science Professor, UC Irvine A real problem for Meg Whitman’s campaign for Governor…
Kudlow interviewed Meg Whitman on his show on Thursday and Steve Poizner on Friday.
A couple of interesting front page feature pieces in the Sacramento Bee on California’s budget mess: “Going Broke: State’s a wreck – can it be fixed?”, The Sacramento Bee, September 20, A1 The most interesting piece from this article was…
Source: “States Shut Down To Save Cash”, The Wall Street Journal, September 4, A1 Also see: “The Coming Reset In State Government”, Mitch Daniels, Republican Governor of Indiana, The Wall Street Journal, September 4, A17 “Lights Out At The Penitentiary”,…