Browsing All Posts filed under »Economy«

When all is said and done, taxpayers take a $1.3 billion loss on Chrysler bailout

July 22, 2011

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The American taxpayer finally made it out of Chrysler’s business today after the U.S. government sold its final holdings in the company to Fiat to the tune of $560 million.  This final sell-off brings Chrysler’s reimbursement to the U.S. taxpayer to a grand total of $11.2 billion.  That’s  a whopping $1.3 billion short of the company’s total […]

Thanks for the jobs, California!

July 7, 2011

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In a move that puts Amazon’s “money where its mouth is,” the company has announced plans for a fourth distribution center in Phoenix, avoiding states like neighboring California because of the aggressive push there to collect internet sales taxes.  Arizona’s governor, Jan Brewer, said that by the end of the year, Amazon will employ 3000 […]

California institutes internet sales tax causing Amazon and Overstock to cut ties

July 1, 2011

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In an effort to bring in more revenue and fortify the deeply troubled California state coffers, Governor Jerry Brown signed a law effectively immediately requiring internet companies to collect a sales tax from residents of the state making online purchases.   The result?  Instead of compliance, one of the largest, if not the largest, internet business has said […]

Ouch! Largest percentage of unemployed in California have been out of work for over a year

June 8, 2011

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Add to that the fact that 431,000 have already exhausted their 99 weeks of unemployment benefits.  Not pretty: Nearly three-quarters of a million people in California who were unemployed in April had been out of work a year or more, according to the state Employment Development Department.  It is the only category of unemployment based on […]

House prices down to 2002 levels; only one city with yearly increase

May 31, 2011

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As the rest of the nation continues to see a decline in housing prices which have resulted in a “downward spiral with no relief in sight,” only one city in the nation has had a yearly increase.  Can you guess which one? Click and read through the article to find the answer.

Prices are higher, and you should be happy about it?

May 21, 2011

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My vote for the most ridiculous spin story of the day: SALT LAKE CITY — While prices at the pump are becoming painful, the cost of a lot of other items we regularly buy has gone up in the last year as well. But some economists say this could actually be a good thing. “Typically when […]

GE to open manufacturing plant in Texas; California’s costs are too high

May 17, 2011

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While California continues to flounder in its effort to create jobs, Texas keeps on churning them out.  The Lone Star State added 37,000 to its employment rolls last month.  In comparison, California lost 11,000 in the same time period.   In essence, they are polar opposites.  Texas had the highest employment growth while California had the […]