The “Top Two” System: Working Like It Should

California’s new “top two” election system is now having exactly the impact that its sponsors hoped it would.  It is moderating the legislature.  This can be seen in the remarkable success the business community enjoyed in this legislative session despite the fact that the Democrats enjoy a two-thirds majority in both houses. At the beginning […]

Businesses Urge Congress Not to Shut Down Government

On Monday, 251 business organizations from every corner of the United States co-signed a letter to Congress stating, “With the U.S. economy continuing to underperform, the federal government needs to maintain its normal operations pending a successful outcome of broader budgetary reforms. It is not in the best interest of the employers, employees or the […]

Modernizing California City Financial Reporting

We are all aware of the highly publicized cases of city bankruptcies in California, and while these are individually serious cases, there has been a lot of speculation, often without solid analysis, concerning how vulnerable many of California’s stressed cities are to bankruptcy or default on bonds.  Much of the inaccurate guesswork and sensationalism is […]