With Microsoft’s Surface tablets generating about $3.6 billion in revenue over the last year, Apple introduced the iPad Pro to protect their iPad franchise where sales fell to the lowest level since 2011. Although Apple’s “Pro” comes with a Surface-like detachable keyboard and stylus, its short comings may limit its popularity with the creative crowd.
California’s top demographer, Joel Kotkin, warned this week about the financial risks of Los Angeles hosting the 2024 Olympics without local corporate underwriting.
California Governor Jerry Brown vetoed legislation last week aimed at protecting privacy by banning drones from flying within 350 feet above a property without the owner’s consent.
Ellen Pao’s long-strange-trip included filing a historic gender discrimination lawsuit against former employer Kleiner Perkins Caufield & Byers, losing at trial, getting fired as CEO of Reddit, and now dropping her appeal and paying KPCB $276,000 in legal fees.
The Kersten Institute just published a warning that a fiscal storm will arrive in the next few months as new Government Accounting Standards Board (GASB) pension and benefit accounting standards push “potentially hundreds of California agencies to the brink of balance sheet insolvency,” causing Moody’s credit rating service to issue a massive number of “junk” downgrades and threaten “another wave of municipal bankruptcies in California.”
Growing El Niño May Launch Huge Latino Migration to U.S.
The latest Gallup poll taken just before the Labor Day weekend reveals that President Barack Obama’s job approval rating among union members has fallen from 69 percent to 52 percent.
California Governor Jerry Brown vowed Wednesday to wage a “life-and-death struggle” to “change the very basis of our industrial economy.”
Apple Inc. threw a party and shareholders got a headache Wednesday when the company introduced a slew of only slightly better stuff.
Facing a coming Supreme Court decision that may permanently end all compulsory union dues collections in California, Sacramento Democrats are trying to slip in new rules that will require an ‘orientation’ on taxpayer-funded time for unions to confront employees about the wisdom of continuing to pay dues.
With Apple’s stock price under pressure, the company is gearing up at the San Francisco Cow Palace for the September 9 World Developer Conference.
Despite the Labor Day unemployment rate supposedly falling to 5.1 percent, the total delinquent loan amount for the 40 million student loan borrowers is now about $340 billion, according to the US Department of Education’s Federal Student Aid website.
Members of the USDA-sponsored American Egg Board should have known before they threatened a vegan mayonnaise competitor that that the not-so-funny joke in corporate board rooms these days is that the new nick-name for e-mail is “evidence mail.”
A federal judge refused late Friday evening to block the transfer of a dam to two Native American tribes. Montana lawmakers had launched an emergency petition to block the transfer. It is feared that the tribes intend to contract with Turkey for access to uranium to make “yellow cake” and/or nuclear weapons.
Michigan’s Alpena Biorefinery announced that it is taking a “sabbatical,” after drinking $22 million of taxpayers’ stimulus cash and after consuming unknown amounts of additional and indirect taxpayer funding—all just to show it could convert wood chips into pure alcohol.
The “Internet of Things” (IoT) incorporates a dynamic array of technologies that mobilize sensors to monitor environmental conditions and radio-frequency identification RFID tags to facilitate objects interacting with users. California, with its high-tech industry, will lead the nation in IoT deployment.
Graduating high school students’ SAT college admission scores fell again this year–to the lowest level in four decades. Rapidly growing expenditure on education seems to be producing poor test results.
The Democrat controlled California State Assembly just passed a partisan first of its kind bill that orders CalPERS’ and CalSTRS’ pension plans to sell all of their coal investments.
U.S. District Judge Lucy Koh has approved a $415 million settlement offer by Apple, Google, Adobe and Intel in a Silicon Valley class-action lawsuit alleging that 64,000 tech workers were defrauded by the tech giants conspiring in secret “no-poaching” agreements to suppress tech workers’ wages in “The Valley.”
Yahoo CEO Marissa Mayer announced on tumblr.com that she is pregnant with twins, but plans to approach her pregnancy and delivery by taking “limited time away” and “working throughout.” Mayer, 40, said her identical twin girls will likely be born in December. She and her husband Zachary Bogue already have a son.
The average price-earnings ratio (PE) of US stocks is at 25.5, versus a 16.6 historical average. That means that the stock market is currently 51 percent overvalued. But the challenge for this simple formula is that with all-time low interest rates forcing down bond yields, we are in uncharted territory.
China faces a crisis of at least 24 million boys that will never find a mate due to tens of millions of female infanticides during China’s 34 years of one-child “policy” to restrict population growth. With at least 10 percent of China’s young men never being able find a spouse, these “bare branches” may direct their anger at the authorities.
A judge in Fairfield, California has accepted a lawsuit claiming that a pro-life pregnancy clinic was illegally ejected from a building by landlord, according to a press release by Pacific Justice Institute, which represents the clinic.
U.S. District Judge Edward Chen, a Barack Obama appointee, granted class action status to a lawsuit claiming Uber Technologies Inc. illegally classifies its on-call drivers as independent contractors, rather than employees with rights and benefits.
Asian stocks were crushed across the board at midday trading after China cut employment for the twenty-second month in a row, as the nation’s General Manufacturing PMI™index deteriorated at its fastest rate since March 2009.
The City of San Bernardino has voted to become the first participant to dump CalPERS after the state’s pension plan shocked participants by announcing contribution rates would rise by 61 percent over the next five years.
In Colorado, where recreational use of the marijuana became legal last year, the average of infusion of psychoactive compounds into the brain by volume from smokable marijuana is about 7.88 percent and about 3.5 percent for edible marijuana, according to a new study. That is 50% more potent than marijuana available elsewhere.
Judy Shelton, Ph.D. closed out the conservative Jackson Hole Summit this past weekend by offering a practical pathway to re-restore the U.S. dollar as a gold-backed currency without economic disruption by having the Fed pledge about 7 percent of America’s gold in Fort Knox as collateral to issue gold-convertible Treasury Bonds.
President of the Heritage Foundation and former Senator Jim DeMint gave an inspiring Keynote speech last night at the conservative Jackson Hole Summit on why the Left’s “debasement of monetary policy over the last century, are a subset of a larger crisis” that our nation’s political and cultural elites are out to “override the wisdom and experience accumulated by mankind over the last several millennia.”
The sold-out Jackson Hole Summit, which seeks to be a conservative counter-balance to the Kansas City Federal Reserve’s Jackson Hole Symposium, kicked off with a fascinating history lesson by a Director of the Council on Foreign Relations on how the Bretton Woods Conference at the end of WW II led to the massive monetary expansion of Federal Reserve and impoverishment of America.
The latest non-partisan Field Poll shows that two-thirds of Californians support a $1.5 billion bump in tobacco taxes and raising the $15 minimum wage by 2021.
With the “one percent” paying more than 50 percent of state taxes, a sustained stock market crash would shrivel California’s “one-time” capital gains taxes and throw the Golden State back into a financial crisis.
Boeing seems to be retaliating against House Majority Leader Rep. Kevin McCarthy (R-CA) for leading the effort to defund the Export-Import Bank by announcing several hundred California job cuts.
With today’s -3.82 percent crash in the NASDAQ Composite, the predominately tech index is at its lowest level since last October. With US tech companies invested heavily and raking in huge China sales, NASDAQ Composite prices are closely tracking China’s
Lombard Street Research has been very bearish on the economic prospects of China, as well as those of Europe and the United States.
Nobel Prize winner Paul Krugman took to the editorial pages of the New York Times to ridicule Rand Paul for declaring American fiscal policy has been irresponsible, since “The last time the United States was debt free was 1835.” But
U.S. Senator Dianne Feinstein asked President Barack Obama on Friday to bypass Congress and use the Antiquities Act of 1906 to create three new national monuments in the California desert.
All eight of the major international stock indexes were down last week with an average loss of -6.57 percent, according to Doug Short, despite Friday’s -531 point plunge in the Dow Jones Industrial Average, driven by fears of an economic collapse in China.
The Health Consumer Alliance filed a blistering letter just before Covered California’s Board meeting on Thursday warning the program is near administrative collapse.
A new study from the Pew Research Center shows Facebook still number one in social media, but its growth in the U.S. has stalled–and Pinterest is a giant-killer chopping at its knees.
