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 that go on sale…
One often hears that there is no point in voting because millions and millions of people vote so that no one vote makes much of a difference. But, looked at another way, your vote counts more than you might think. In…
A couple weeks ago, regarding the so called “Rebuild California” propositions and their effect on outstanding state of California debt I wrote: If you are an owner of State of CA municipal bonds, as many people are because the interest is…
As I previously wrote, Proposition 90’s complexities regarding regulatory takings have led to doubt and confusion, even among some supporters. Some opponents have pointed to all the lawsuits that have resulted from Oregon’s eminent domain law that passed in 2004. However,…
According to Dan Walter’s article in today’s Sacramento Bee: The latest survey on state taxes has been issued by the conservative Tax Foundation, dealing with what it calls the ‘business tax climate’. Ironically, the Tax Foundation found that California’s business…
In an article today on Latina Republican assemblywoman Bonnie Garcia the Sacramento Bee wrote: At one point in the recording [of a Schwarzenegger meeting with his inner circle], the governor and an aide debate whether Garcia is of Cuban or…
On his radio show Real Money this morning (Thursday October 26) Jim Cramer, of CNBC’s popular Mad Money, had some interesting things to say about the upcoming election and Top Gun recommendation Comcast. On the upcoming election: Election day is…
“Nor shall private property be taken for public use without just compensation” – 5th Amendment of the US Constitution On June 23, 2005 the Supreme Court of the United States ruled for New London and against Susette Kelo in what is…
On Sunday I wrote this in the context of arguing against Props 1B – E: Nobody can deny the importance of the goals that Propositions 1A – 1E aim at. California’s infrastructure, especially its transportation system, is crucial to the…
A very important election looms Tuesday November 7 – just 16 days away. Politics sets the framework within which we live our lives, including our economic lives, and its impact on the economy and therefore stocks and bonds is substantial. In…