5 Ways to Save the Kashkari Campaign
When I was 7 years old, my parents put me on a plane by myself from Beijing, where we lived to the Bay Area, so I could spend the summer with my grandparents there. At my grandfather’s suggestion, I started reading the San Francisco Chronicle because, while it might not be the best paper in […]
Why Not Sustainability in a Spending Limit?
Last week, Gov. Jerry Brown delivered the keynote address at a sustainability summit hosted by the Los Angeles Business Council. While the summit focused on California’s environmental, energy and water policy, we have to wonder whether the governor will exert the same effort in support of fiscal sustainability now that he has called a special […]
Update On California’s Manufacturing Job Trend
California’s monthly jobs report last week showed that we lost another 1,700 manufacturing jobs even though the state added 11,000 non-farm jobs and our our overall unemployment rate stayed the same. We continue to lag the nation’s manufacturing growth by a substantial margin since we started to recover from the recession in 2010. Manufacturing jobs in […]
Public Pension Solvency Requires Asset Bubbles
The title of this post expresses what is probably the greatest example of a monstrous hypocrisy – that public employee unions, and the pension funds they control, are supposedly helping the American economy, and protecting the American people from “the bankers.” Overpriced “bubble” assets caused by banks offering low interest rates hurt ordinary working people […]