Reform Must Reflect Political Reality
Some critics appear to think California needs a better class of voters and candidates if the state is ever going to run the way it should. Problem is, we’re pretty much stuck with the people and politicians we got, which means we’ve got to play the cards we’re dealt. My colleague Joe Mathews had a […]
California’s New Taxes Are Paying for Pensions
What if a corporation raised $500 million in a securities offering on the premise that the proceeds would go for operating expenses, then disclosed a few months later that $300 million of this amount would instead be used to service a debt that wasn’t disclosed in the offering document? This would be false advertising, subject […]
An Unholy Alliance
It did not take long for the credibility of the “Los Angeles 2020 Commission” to be seriously questioned as the 12 members (and one alternate) are all part of or dependent upon the City Hall establishment that is responsible for the City’s impending insolvency. According to downtown attorney Mickey Kantor, a former Secretary of Commerce […]
Zapped by Electric Car Buzz
It was unsurprising to read the article in the Los Angeles Business Journal a couple of weeks ago about how L.A.’s Coda Automotive had brought on an investment banker to consider its financial options, which could include bankruptcy reorganization. It was unsurprising because, well, have you seen the Coda? I mean, that car is to […]