Chriss W. Street

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Articles by Chriss W. Street

Obamacare Causing Big Layoff-offs for Union Nurses

Kaiser Permanente and other health providers are putting pressure on the powerful California Nurses Association (CAN) in negotiations for reductions in medical staffing and compensation due to the implementation of California’s version of Obamacare. Union nurses on Friday tried to

Obamacare Causing Big Layoff-offs for Union Nurses

LA Schools Superintendent gets Pension Spike, then Resigns

With the Los Angeles Unified School District Board ready to fire Superintendent John Deasy, he resigned as head of the nation’s second-largest public school system just six months after he spiked his annual salary to $384,184 with $54,184 in buy-outs. After

LA Schools Superintendent gets Pension Spike, then Resigns

FAA to Approve Commercial Drone Use Next Year

Civilian drones have been deployed by California farmers to monitor crop growth, cartographers to create more precise maps of the Swiss Alps, and even by archaeologists in Bolivia to help excavate ancient Inca ruins.  Most of these early adopters that have legitimized civilian

FAA to Approve Commercial Drone Use Next Year

CDC Director: Ebola-Infected Nurse Amber Vinson Should Not Have Flown

Thomas Frieden, director of the Centers for Disease Control and Prevention (CDC), said during a news conference Wednesday that a Texas nurse should not have taken a flight the day before she was diagnosed with the deadly Ebola virus. The CDC acknowledged on October

CDC Director: Ebola-Infected Nurse Amber Vinson Should Not Have Flown

Medical Research Org CIDRAP: Ebola Transmittable by Air

The highly respected Center for Infectious Disease Research and Policy (CIDRAP) at the University of Minnesota just advised the U.S. Centers for Disease Control (CDC) and World Health Organization (WHO) that “there is scientific and epidemiologic evidence that Ebola virus

Medical Research Org CIDRAP: Ebola Transmittable by Air

SoundCloud Loses Money Faster as it Grows

Here is a brilliant Internet business plan: We get rich by creating a service that goes viral and generates 175 million customers. We then make $.08 a year on each and every one of them! All we have to do

SoundCloud Loses Money Faster as it Grows

Report: Identity Thieves used 'Backoff' Malware to Hack Dairy Queen

For the last three months, hackers had access to customer credit and debit card names, numbers and expiration dates at 395 Dairy Queen stores in the U.S. stores, according to news reports. The hackers installed the same “Backoff” malware on

Report: Identity Thieves used 'Backoff' Malware to Hack Dairy Queen

Obamacare: IRS Nightmare over Fraudulent Subsidies and Exemptions

As Obamacare is fully implemented as a national mandate for individuals, the Congressional Budget Office (CBO) estimates that four million people who chose to continue to be uninsured and do not qualify for exemptions will pay a fine on their

Obamacare: IRS Nightmare over Fraudulent Subsidies and Exemptions

IMF Says China World's Largest Economy, Sort Of

The International Monetary Fund officially announced that China just surpassed the United States as the world’s largest economy, sort of. China’s victory is only on a “Purchasing Power Parity” (PPP) basis. Although Gross Domestic Product is about 50% higher in

IMF Says China World's Largest Economy, Sort Of

Silicon Valley Tech Giants Say US Spying May Bust-Up the Internet

Since there is nothing more self-righteous than an addict who just got out of rehab, it was not surprising that Microsoft’s General Counsel Brad Smith at a Silicon Valley panel discussion on NSA surveillance would say, “You own your data.

Silicon Valley Tech Giants Say US Spying May Bust-Up the Internet

Drop in Oil Prices May Destabilize Putin's Russia

Since the fall of the Soviet Union, Russia has suffered from capital-flight out of the country.  But with Western sanctions starting to bite, the modern capital-flight is only $100 billion in cash draining out; it also includes a brain-drain of

Drop in Oil Prices May Destabilize Putin's Russia

Apple #Hairgate and #Bendgate Threaten iPhone 6 Market Share

Apple Inc.’s (APPL) introduction of the iPhone 6 and 6 Plus has generated all-time record interest, with over 1.9 billion Google search results. Sales, according to Forbes, are at 20 million units, and Apple is reported to have parts for 200

Apple #Hairgate and #Bendgate Threaten iPhone 6 Market Share

Hydrogen Fuel Cell and Battery-Powered Vehicles Start Competing

At the Los Angeles Auto Show and San Francisco Show next month, there will be lots of focus on the commercial roll-out of hydrogen fuel cell electric vehicles. Las May, California joined Oregon and six east coast states, which together

Hydrogen Fuel Cell and Battery-Powered Vehicles Start Competing

Hewlett-Packard Plans Break-up from Strength

For the first two years after Meg Whitman became the crisis CEO at Hewlett-Packard (HP) in late 2011, she had tofight off investor pressure constantly to break-up the company by spinning off its consumer-driven personal computer and printer businesses to

Hewlett-Packard Plans Break-up from Strength

Bill Gross offers PIMCO Staff a Farewell Letter from Hell

Bloomberg View columnist Barry Ritholtz published what is purported to be PIMCO founder Bill Gross’s letter to the staff as he jumped ship on the morning of September 26 to avoid being terminated for his supposed arrogant and demeaning treatment of

Bill Gross offers PIMCO Staff a Farewell Letter from Hell

Covered California Admits to 'Narrow Networks' of Doctors and Hospitals

The California State Insurance Department and Department of Managed Health Care (DMHC) both agreed on October 3 to approve a 4.2% average increase for individual care premiums under Covered California, the state’s version of Obamacare. Yet for the first time,

Covered California Admits to 'Narrow Networks' of Doctors and Hospitals

Bankruptcy Judge Hammers Unions by Allowing Stockton Pension Cut

In what will be a devastating blow to California public employee unions, U.S. Bankruptcy Judge Christopher Klein ruled in the Chapter 9 municipal bankruptcy of the City of Stockton that pensions managed by the California Public Employee Retirement System, known

Bankruptcy Judge Hammers Unions by Allowing Stockton Pension Cut

Facebook's $19.5B WhatsApp Acquisition Clears EU Antitrust Review

This week, the European Union (EU) Competition Commission approved Facebook’s $19.5 billion acquisition of WhatsApp based on a finding that the two companies’ business models assure that they are “not close competitors.” The ruling clears the last regulatory hurdle for Facebook to

Facebook's $19.5B WhatsApp Acquisition Clears EU Antitrust Review

Senator Levin Blasts Apple's 2% "Sweetheart" Tax Rate with Ireland

Senator Carl Levin turned up the heat on Apple Computer over the company’s gaming of international tax rates to reduce the rate America’s most profitable tech companies pay to less than what is required of many small and medium-sized businesses.

Senator Levin Blasts Apple's 2% "Sweetheart" Tax Rate with Ireland

U.S. Streaks Past Saudi Arabia as World's Largest Oil Producer

The United States became the world’s largest natural gas producer in 2010 and is streaking past Saudi Arabia to become the world’s largest producer of petroleum liquids, according to the International Energy Agency. Despite scare tactics by the Left that

U.S. Streaks Past Saudi Arabia as World's Largest Oil Producer

$50 Billion Porkapolooza on Last Day of Federal Budget Year

With September 30th as the end of the U.S. government’s budget year, bureaucrats facing use-it-or-lose-it rules swept up over $50 billion in leftover cash and went on the biggest one-day Porkapolooza shopping spree of the year.  The “system typically creates panic

$50 Billion Porkapolooza on Last Day of Federal Budget Year

PIMCO Hemorrhaging $198 Million an Hour in Redemptions

PIMCO has acknowledged that $23.5 billion of investors’ cash was withdrawn last month. It is my estimate that at least $19 billion or more of the liquidations followed legendary Pacific Asset Management (PIMCO) bond manager Bill Gross out the door after he left

PIMCO Hemorrhaging $198 Million an Hour in Redemptions

Will Start-up 'Ello' Make Facebook take a Faceplant?

Social network newcomer Ello is an invite only service that wants to be the “Facebook Killer” by refusing to engage in any intrusive advertising and data mining.   Playing directly to tech hipsters, Ello’s front page states: “Your social network

The $5.6 Billion Price of Bill Gross Getting Dumped

On September 26, PIMCO’s Bill Gross resigned from the firm he built into a $2 trillion world class manager, in order to avoid what the Wall Street Journal described as his impending termination for the abusive treatment of employees. The

The $5.6 Billion Price of Bill Gross Getting Dumped

California May Face Similar Utility Crisis that Caused Gray Davis Recall

California ranks third in the U.S., behind Hawaii and New Jersey, with 1.1% of statewide electrical power production being generated by customer-sited solar panels. The driving force behind this growth has been the 30% federal investment tax credit, plus incentives

California May Face Similar Utility Crisis that Caused Gray Davis Recall

Does Drought Pricing for Water Violate California Law?

The California Legislature knows that the State Water Board’s unprecedented July 15 decision allowing local law enforcement and water agencies to impose a maximum $500-a-day fines on water wasters is difficult to enforce and is creating a rising backlash against

Does Drought Pricing for Water Violate California Law?

Water Districts and Voluntary Conservation Managing the Drought

The CAL WatchDog blog is running a series on the trends in California water use and pricing during the current severe drought. They confirm our August prediction that voluntarily public conservation and agricultural water districts are doing an excellent job

Water Districts and Voluntary Conservation Managing the Drought

California's 15 Cent Gasoline Surtax Seems Unstoppable

The California Drivers Alliance, a coalition backed by oil, agriculture, retail, tourism and other industries has tried valiantly over the last three months–running radio, print and digital ads–to generate a groundswell against the so-called “hidden gas tax” that could act

California's 15 Cent Gasoline Surtax Seems Unstoppable

Security Features Help BlackBerry Dump CrackBerry Image

The BlackBerry Passport smartphone was introduced on September 24th with a full physical keyboard, uniquely square large-screen design that increases the “readability” of web pages and e-mail. The rising attraction for corporate users is that the device’s software and hardware

Security Features Help BlackBerry Dump CrackBerry Image

Climate Summit: UN Exempts World's #1 Polluter from Stricter CO2 Enforcement

The European Union and United States government-funded Global Carbon Project (GCP) released their latest Atlas that tracks annual CO2 emissions by 196 countries in cooperation with Sunday’s People’s Climate March and President Obama’s keynote speech at the United Nations Global

Climate Summit: UN Exempts World's #1 Polluter from Stricter CO2 Enforcement

Texas Teachers Follows CalPERS in Dumping Hedge Funds

Last week, Breitbart News noted that Texas public pension plans had the highest asset percentage of any state pension program invested in hedge funds, with one plan at almost a quarter of assets invested.  It didn’t take long for Texans

Texas Teachers Follows CalPERS in Dumping Hedge Funds

Silicon Valley May Be Liable for Huge Labor Claims

“Entrepreneur” is a French word for one who gets in the middle between a buyer and a seller. In the last couple of years, Silicon Valley start-ups such as Uber valued at $18 billion, Airbnb valued at $10 billion, and

Silicon Valley May Be Liable for Huge Labor Claims

CalPERS Dumps Hedge Funds: High Fees & Lousy Returns

California Public Employees’ Retirement System, known as CalPERS, announced recently that it is terminating all of its investments in hedge funds after the conviction of their former CEO, Federico R. Buenrostro Jr., for hundreds of millions in fraud involving the funds.  Hedge fund management has,

CalPERS Dumps Hedge Funds: High Fees & Lousy Returns

Steve Jobs Banned his Children from Using an iPad

Although Steve Jobs is credited as the best technology innovator in the history of Silicon Valley, he was actually an art major in college. Jobs credited his creative talents as the secret sauce in building Apple Computer as the most

Steve Jobs Banned his Children from Using an iPad

Silicon Valley Getting Attitude Adjustment over Privacy Concerns

The Silicon Valley tech giants that have been engaging in widespread internet surveillance of their customers’ shopping preferences, general attitudes, and deepest life-style secrets have failed to appreciate the mounting global concern over their record on online privacy and security. Yet

Silicon Valley Getting Attitude Adjustment over Privacy Concerns

EPA Doubles Number of Coal Plant Closings

In the run-up to the “People’s Climate March” scheduled for September 21, the non-partisan U.S, General Accountability Office (GAO) just doubled its estimate for coal plants expected to retired to comply with the Obama Administration’s new Environmental Protection Agency (EPA)

EPA Doubles Number of Coal Plant Closings