California Archive

Hundreds Injured In California Prison Riot

August 10, 2009  ·  Category: California, Culture and Current Events
There was a huge riot at the California Institution for Men in Chino, CA, about 40 miles east of LA, over the weekend ("Hundreds Hurt In California Prison Riot", The New York Times, August 10). UPDATE ...
Posted by Greg Feirman  ·  Comments Off on Hundreds Injured In California Prison Riot

“Fragmentation” Is The Word That Best Describes California’s Electorate

August 6, 2009  ·  Category: California, Culture and Current Events
California, it's been observed, is a canary in the socioeconomic mine, telling the rest of the nation what to expect in the future, for better or worse. If so, then the rest of the nation had best ...
Posted by Greg Feirman  ·  Comments Off on “Fragmentation” Is The Word That Best Describes California’s Electorate

Sac Bee: Mass Layoffs On The Rise

July 14, 2009  ·  Category: California, Macro Economics, Sacramento
Source: "Sacramento's wave of lost jobs hits some harder than others", The Sacramento Bee, July 14, A1
Posted by Greg Feirman  ·  Comments Off on Sac Bee: Mass Layoffs On The Rise

CA Muni Bonds Getting Hit

June 3, 2009  ·  Category: California
California's fiscal mess has begun to rattle municipal bond investors. Market yields on the state's outstanding general obligation bonds have jumped in the last week, reflecting falling prices for the securities as buyers have backed away. Traders were ...
Posted by Greg Feirman  ·  Comments Off on CA Muni Bonds Getting Hit

Signs Of A Bottom In Sacramento Area Housing Market

May 5, 2009  ·  Category: California, Real Estate, Sacramento, Technical Analysis
Is this what a bottom looks like? This city was among the first in the nation to fall victim to the real estate collapse.  Now it seems to be in the earliest stages of a recovery, ...
Posted by Greg Feirman  ·  Comments Off on Signs Of A Bottom In Sacramento Area Housing Market

Fiscal Armageddon In California

May 1, 2009  ·  Category: California, Government, Macro Economics, Politics
If the ballot measures fail and the recession does continue unabated into 2010, the budget gap could widen again into the $20 billion range.  But the governor and legislative leaders may have fired all their political ...
Posted by Greg Feirman  ·  Comments Off on Fiscal Armageddon In California

The Inland Empire: The Sacramento of SoCal

January 3, 2008  ·  Category: California, Real Estate
One of the interesting features of the real estate boom was the way that outlying areas from major metros took off.  As real estate got more and more expensive in the big metros (Bay Area, ...
Posted by Greg Feirman  ·  Comments Off on The Inland Empire: The Sacramento of SoCal

California In The Red Again

December 28, 2007  ·  Category: Bonds, California
Two weeks ago, California Governor Arnold Schwarzenegger said that in January he would declare a "fiscal emergency" in the face of an anticipated $14 billion budget defecit for the 2008-09 fiscal year (July 1, 2008-June ...
Posted by Greg Feirman  ·  Comments Off on California In The Red Again

State of CA To Issue $2.5 Billion in General Obligation Bonds Starting Monday

June 14, 2007  ·  Category: Bonds, California, Election - 2006
Last November, the voters of CA approved more than $37 billion in bond issuance to improve the state's infrastructure. Next Monday and Tuesday retail investors will be able to place orders for $2.5 billion in bonds ...
Posted by Greg Feirman  ·  Comments Off on State of CA To Issue $2.5 Billion in General Obligation Bonds Starting Monday