LA Times Thinks (Incorrectly!) that Business is Undertaxed
In the run-up to the election, the Los Angeles Times https:> waterboarded some statistics, and elicited a confession that … wait for it … California corporations don’t pay enough in taxes.
An editorial followedhttps: la-ed-1026-taxes-20101026,0,6229319.story?track=”rss”>, which seems redundant.
The basis of this pseudoanalysis seems to be this truism: voters don’t like "corporations." With that as a premise, any analysis will do.
Exposing Fraudulent Slate Cards
It is like Ronald Reagan talking to us from the Great Beyond – a slate card called "Continuing the Republican Revolution", put out by Orange County consultant Scott Hart, starts out: "President Ronald Reagan will be forever remembered on his upcoming 100th birthday. God bless him, and God bless America."
But President Reagan must have changed parties, because the positions on ballot measures encouraged on this card, complete with the Republican National Committee blue and red elephant logo, are exactly the opposite of the official GOP positions.
Will California be the “Titanic” of Global Warming Policy?
A trio of some of the wealthiest men from Hollywood and Wall Street has unveiled a self-congratulatory video aimed at defeating the California Jobs Initiative, Proposition 23.
At the roll-out, actor-turned-governor Arnold Schwarzenegger, Hollywood director James Cameron, and billionaire hedge fund manager Thomas Steyer smugly reminisced about making movies, riding motorcycles, travelling the world together, and their personal environmental epiphanies. This enlightenment apparently has not inspired them to give up their own carbon-intensive lifestyles which reportedly include multiple mansions, fleets of gas-guzzling exotic cars, private jets, yachts, and of course, motorcycles.
How California Is Falling Further Behind the Nation in Employment
The state monthly job numbers released last Friday show
California falling further behind the nation in employment growth. The
California unemployment rate throughout the Great Recession has been well above
the national rate, and at 12.4%, the current state unemployment rate continues to be above the
national rate of 9.6%. However, the main storyline of last week’s job numbers
is California’s payroll job losses.
Overall, the nation lost a net 95,000 payroll jobs in
September 2010. Of this amount, California accounted for a loss of 63,600 net
payroll jobs, far above any other state. New York suffered the second largest
loss at 37,600 jobs. In contrast, several states showed net job gains,
including North Carolina (+10,100 jobs),