(WSJ) General Mills will close its 67 year old Lodi, California plant eliminating 430 more jobs in a struggling economy–in August, California reported 1,563 new jobless claims, the states unemployment rate remained unchanged at 7.4% higher than 43 other states and the national average.
Related: California Commercial Electricity Rates Soar in 3 Mo Period
California Unemployment Rate Unchanged in August
Image: Soquel by the Creek
Related: New California Jobless Claims Increase by 1500+ –LA Biz
(LA Weekly) This is How One Defines Crony Capitalism
Image: Soquel Creek
Thanks California Prop 30 Supporters for Making the State #1 in Taxes
Image: Soquel by the Creek@Twitter
On Wednesday I wrote here that Gov Jerry Brown’s tax hike had negative economic consequences and is a contributing factor why California is ranked as the worst state for business in 2014
Children Are All Special –Image: A Special Kind of Class
(LA Times) In another special distinction which California owns, the state ranks in the bottom rung of states and territories in the academic achievement of children with disabilities, according to new federal rankings released today.
In the bottom group together with California are: Delaware, Texas, the Bureau of Indian Education, the U.S. Virgin Islands and the District of Columbia.
On the 22 June, I wrote here that Gov Jerry Brown and State Lawmakers are due to receive a pay hike we’re told for their dubious job performance, all the while the state budget deficit swells out of control, the state is ranked as the worst state in the nation to do business according to an annual survey of CEO’s across the country and now we also learn that ‘special needs’ children would be better off to receive their education in practically any state other than California.
So Sad!
(UPI) Woops…Electric cars despite their alleged ‘Green Credentials’ are among the environmentally dirtiest transportation options a U.S. researcher says.
Writing in the IEEE Spectrum researcher Ozzie Zehner says electric cars lead to hidden environmental and health damages and are likely more harmful than gasoline cars and other transportation options.
Now what are the Loony Liberal Environmentalists going to do?
(LA Times) After eliminating opposition to a pay hike for California lawmakers Gov Jerry Brown, 120 state lawmakers together with 10 other elected state officials were granted a 2% pay hike on last Friday by a state panel whose members claim, that California’s (dubiously) improving economy and budget situation justifies their raises.
Huh???
What improving economy and budget situation? California’s rapidly expanding budget deficit is $421,850,000,000 (per person is presently $10,961)
On the 01 June, I wrote here subsequent to a recent audit of state books it revealed accounting irregularities and an additional budget shortfall of $31+ Billion that together with a $78 Million+ forecast (ObamaCare) ‘Covered California’ deficit next year and ranked as the worst state for business in 2014 according to an annual survey of CEO’s across the United States doesn’t exactly sound like anyone in Sacramento deserves the salary they’ve been receiving, let alone a pay hike.
Malibu Rental –Image: AceRenting@Twitter
(LA Times) Rental home costs are going to continue to rise–nearly 78% of Southern California apartment building owners say they plan to hike rents in the next 12 months according to a new survey from real estate broker Marcus & Millichap about 22% plan to increase rents by at least 3%
On the 04 June, I wrote here that over half of Americans reportedly are already struggling to keep their homes and the problem is only going to get worse.
Say Good-Bye to Prop 13 ?
In May, The Sacramento Bee–Capitol Alert reported after decades of wrangling by Democrats (that just can’t seem to confiscate enough of taxpayers money to spend, I digress) during a hearing of the ‘Assembly Revenue and Taxation Committee’ lawmakers agreed on changes to the 1978 law governing reassessments of commercial property when it changes hands, citing one of their old stand-by favorite liberal arguments ‘fairness’ of the tax system, as if voters were not smart enough when Prop 13 passed by a 2 to 1 margin.
Will confiscating more money from commercial/business property owners actually result in more “fairness” that Democrats like to claim or just raise the costs of doing business and make things (such as rental costs) more expensive?
The latter of course, as Forbes correctly points out–Corporations (such as rental property owners) don’t pay taxes they pass on their business costs and expenses to their customers or in this case, to their tenants in the form of higher rents.
Why is it that California voters continue to reelect liberals to Sacramento is anyones guess–Just as, how many licks does it take to get to the ‘Tootsie Roll’ center of a “Tootsie Roll Pop” the world may never know?
Related: Squeezing Out the Working Class Through Higher Rents
Jerry Reruns… –Image: CalWatchDog
(The Tribune/AP) So Sad–Preliminary figures show that just 18.4% of California voters turned out to vote in Tuesday’s Primary, the lowest voter turnout in any regular statewide election in the state’s history.
California’s Anemic Job Growth Compared to the State of Texas with Smaller Population & Economy –Image: Soquel by the Creek@Twitter
California’s Gov Jerry Brown’s Tax Hike Has Sent Tax Revenues
In April, ‘Curbed LA’ Published a Chart Showing the Best & Worst Rental Prices Throughout Los Angeles Area